KiwiSaver withdrawals
Can I withdraw funds to an overseas bank account?
No. Withdrawal payments from both Simplicity Investment Funds and KiwiSaver accounts can only be made to a New Zealand bank account in your name. If you do not maintain an NZ bank account, please email info@simplicity.kiwi and we'll help you with the ...
How do I withdraw money from my KiwiSaver account?
KiwiSaver is designed as a long-term investment, so the money is typically "locked in" until you reach the qualifying age of 65. However, there are a few specific situations where you can access your funds earlier, such as if you're purchasing your ...
How long do withdrawals take?
The timeframes we provide take into account the time it takes to value your KiwiSaver investment and sell units of your fund. Most types of initial withdrawal (with the exception of withdrawals due to significant financial hardship) take up to 10 ...
How do I make a retirement withdrawal?
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 ...
How do I use my KiwiSaver to purchase a first home?
You may be eligible to withdraw most of your KiwiSaver savings to help buy your first home, if you meet all of the following criteria: You’ve been a KiwiSaver member for at least three years You’re buying a house or land in New Zealand You intend to ...
How do I make a Significant Financial Hardship withdrawal?
Note: If you've already read the below, please click here to jump straight to the referral process. If you're experiencing serious financial difficulty, you may be able to withdraw some of your KiwiSaver savings early under the KiwiSaver Act. We’ve ...
My loved one passed away while they were a Simplicity member, what do need to do?
If your loved one had a Simplicity account please contact the Investor Services team here for the next steps to take. We'll need to know their full name, date of birth and IRD number.