When you turn 65, you can usually make withdrawals from your KiwiSaver account.
If you first joined KiwiSaver (or a complying superannuation fund) before 1 July 2019, a five-year membership requirement also usually applies before you can begin withdrawing your KiwiSaver savings.
You can opt out of the five-year membership requirement by making a retirement withdrawal. If you opt out, you’ll no longer be eligible to receive any Government contributions and your employer can stop their contributions.
Remember you don’t need to withdraw your savings as soon as you turn 65. You can keep them in your account, working for you, until you need them. The choice is yours.
How to make withdrawals
To make regular, partial or full withdrawals, simply download and complete a Retirement Withdrawal Form, and return it to us with certified identification and proof of residential address – see the form for details of what’s required. (You’ll only need to complete the statutory declaration and provide certified identification the first time you make a withdrawal.)
Please note that withdrawals can take up to 10 working days to process. We’ll update you on the progress of your application.
Download a Retirement Withdrawal Form