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How do I withdraw my KiwiSaver from Westpac?
Next steps.
- Login to Westpac One® Check your Westpac KiwiSaver Scheme account balance and make any changes online. Login.
- Talk to a specialist. Get in touch to talk about KiwiSaver with an expert. Talk to us.
- Withdrawal forms. Simply download the form you need, print it off and drop it in to any Westpac branch. Forms.
Where do I send my KiwiSaver withdrawal form?
Please return the completed form, together with all supporting documents, to: Westpac KiwiSaver Scheme PO Box 695 Wellington 6140. Or visit your nearest Westpac branch. Please call us on 0508 972 254, or +64 9 375 9978 if you are calling from overseas, if you need help completing this form.
How do I withdraw money from my KiwiSaver account?
To withdraw funds you will need to provide evidence you are suffering significant financial hardship. If your application is accepted you can only withdraw your and your employer’s contributions. If you do not pay KiwiSaver contributions through an employer – go straight to your provider.
How do I withdraw my KiwiSaver from Covid?
If you want to withdraw some of your KiwiSaver funds, you’ll need to provide evidence you’re suffering significant financial hardship. If your application is accepted, you’ll only be able to withdraw some or all of your and your employer’s contributions.
How long does Westpac KiwiSaver withdrawal?
around 10 days
How long does it take for my withdrawal application to be processed? Once we receive your completed application form, it takes around 10 days to be processed and approved. Your withdrawn funds will be paid to your nominated bank account after your request is approved.
How long does it take to withdraw KiwiSaver?
Full KiwiSaver retirement withdrawals can take between 10 – 15 working days to process from when we receive your application. The process takes longer than you might expect because your final annual Government contributions need to be claimed from Inland Revenue.
How do I get a KiwiSaver withdrawal letter?
You would need to provide an eligibility letter from Kāinga Ora showing that you qualify for a KiwiSaver first home withdrawal. You can contact Kāinga Ora by either visiting www.kaingaora.govt.nz/firsthomegrant or calling 0508 935 266.
How long does it take to get your KiwiSaver out?
What are 4 reasons you may withdraw money from KiwiSaver?
Early withdrawals may be available (subject to criteria) for:
- Buying your first home.
- Significant financial hardship.
- Permanent emigration.
- Serious illness.
- Life Threatening Congenital Condition.
Can I withdraw my KiwiSaver online?
Just complete our simple online form and we’ll be in touch. Or download, complete and return a copy of the KiwiSaver first home withdrawal application form.
How long does it take for KiwiSaver to pay out?
Full withdrawals will take around 2-3 weeks to process taking into account making a final Government contribution claim. Partial withdrawals not requiring a Government contribution claim should take around a week to process.
When can I get my KiwiSaver money out?
65 years of age
When you reach 65 years of age. You can usually start withdrawing from your KiwiSaver account when you turn 65. If you joined KiwiSaver or a complying superannuation fund before 1 July 2019, you may be subject to a five-year membership requirement before you can start making withdrawals.
When can I withdraw my KiwiSaver?
65
You’re eligible to withdraw all your KiwiSaver funds when you reach the age of eligibility (currently 65). If you joined KiwiSaver before 1 July 2019 and were aged between 60-64 you would have been locked into KiwiSaver for 5 years. Being locked in meant you could not withdraw your funds when you were 65.
When can I withdraw my KiwiSaver funds?
What are the 4 reasons you may withdraw money early from KiwiSaver?
Can I use KiwiSaver to pay off debt?
Your KiwiSaver funds are an asset. You may be able to use your KiwiSaver funds to pay off your debts if you become bankrupt. However in the case of a KiwiSaver scheme, the funds are protected from your creditors while they remain in the fund.
How do I withdraw from the Westpac KiwiSaver scheme?
Westpac KiwiSaver Scheme First Home Purchase withdrawal form April 2021. Use this form to apply for a withdrawal from the Westpac KiwiSaver Scheme where you have been a member of a KiwiSaver scheme for at least three years and you have not already made a home purchase withdrawal from this or any other KiwiSaver scheme.
You’re eligible to withdraw all your KiwiSaver funds when you reach the age of eligibility (currently 65). If you joined KiwiSaver before 1 July 2019 and were aged between 60-64 you would have been locked into KiwiSaver for 5 years.
Where can I get help completing the KiwiSaver form?
from 8.30am to 5pm, Monday to Friday (or +64 9 375 9978 if you are calling from overseas) if you need help completing this form. Alternatively, you can email us at [email protected].
What happens to my KiwiSaver savings when I Die?
Your KiwiSaver savings will be paid to the executors or administrators of your estate. Or, if certain conditions are met and your account does not exceed the current prescribed amount of $15,000, we may directly pay a claimant, such as your surviving partner or children.