Episode Details

KiwiSaver funds are on the move as more Kiwis take their savings overseas, with a significant increase in both full and partial withdrawals. Despite this, contributions continue to rise, reaching nearly two billion dollars in the first quarter of this year. The surge in withdrawals, particularly for illness and first-home purchases, is attributed to long waitlists and increased demand. However, the system has safeguards in place to ensure legitimate use. As election year politics unfold, proposals for a more unified approach to retirement income and financial resilience are being discussed.

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