When you turn 65 you're eligible for NZ Superannuation and to withdraw your KiwiSaver funds.
If you choose to make a KiwiSaver withdrawal, you can set up regular or one off withdrawals at any time.
You’ll find the required forms by:
- Logging into the member app,
- Select your KiwiSaver fund, and then your fund type under Your funds.
- You will then see Documents & forms under Manage your fund.
The initial withdrawal requires a Statutory Declaration and ID documents which need to be certified by a JP or solicitor, as well as evidence of your bank account. It will take up to 10 working days to be paid out to your nominated bank account since IRD needs to approve government contribution amounts to be released.
Subsequent withdrawals can be made via the
member app and take 3-4 working days. You may plan to continue working, and if so it’s up to you whether you keep making KiwiSaver employee contributions or not.
Employers are no longer required to make contributions when you have reached 65, so check with your employer to see if they'll continue to contribute. Government contributions will stop once you turn 65.