KiwiSaver changes to provide fund access for people with shortened life expectancy

Published: 23 July 2019

Changes to the KiwiSaver rules will allow people with congenital life-shortening conditions to withdraw their savings when they are ready to retire.

Under current requirements, people need to be 65 years old to access their KiwiSaver fund. However, this means that people with shortened life expectancies due to a congenital condition – such as those with Down syndrome – will be unlikely to access their KiwiSaver.

The new category, which will be created following amendments to the KiwiSaver Act 2006, allows people with congenital life-shortening conditions to withdraw their savings at the point that it makes sense for them to retire.

Read the full news release on the Beehive website(external link).