Serious illness is defined in the KiwiSaver Act as meaning an injury, illness or disability that:
If you have permanently emigrated from New Zealand and you have lived overseas for at least 12 months you may be eligible to withdraw your funds under permanent emigration, excluding Government Member Tax Credits. If you have permanently emigrated to Australia you are not able to apply for a withdrawal on the grounds of permanent emigration, however, you will be able to transfer all of your KiwiSaver savings to your Australian superannuation scheme (please note that some Australian providers do not accept these transfers).
If you are suffering or likely to suffer from significant financial hardship you can apply to withdraw some of your savings. Significant Financial Hardship is defined in the KiwiSaver Act as significant financial difficulties that arise because of:
If you need clarification on any of the above circumstances and how they may apply to you, please contact our client services team on 0800 772 837 or email us.
Disclaimer: Fisher Funds Management Limited ("Fisher Funds") is the issuer of the financial products referred to on this website. A replacement PDS for each of the financial products is available here and also on the relevant scheme's offer register entry at companiesoffice.govt.nz/disclose. The information, calculations and any opinions on this website are based upon sources believed reliable, but Fisher Funds, its officers and directors make no representations as to their accuracy or completeness. All opinions reflect our judgment on the date of communication and are subject to change without notice. Professional investment advice should be taken before making an investment. Past performance is not a reliable guide to future performance. A disclosure statement is available from your financial adviser, on request and free of charge.
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