Government announces list of life-shortening conditions under new KiwiSaver withdrawal category
Published: 25 February 2021
The Government has announced the following list of life-shortening congenital conditions will guarantee people early withdrawal under a new KiwiSaver category created last year:
- Down syndrome
- Cerebral palsy
- Huntington’s disease
- Fetal alcohol spectrum disorder.
People with these conditions will be automatically entitled to apply to withdraw from their fund at a time that is right for them to retire, rather than once they turn 65. Other people born with life-shortening congenital conditions can still withdraw from their fund under the new provisions – the only additional requirement is for a medical practitioner to verify that they suffer from a life-shortening congenital condition.
The regulations under the KiwiSaver Act 2006 come into effect on 26 March 2021.
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