PHOTO: KiwiSaver
KiwiSaver providers are in talks with government and regulators to make KiwiSaver hardship withdrawals possible during the coronavirus lockdown.
Under current rules, people forced into financial difficulties by the lockdown will find it impossible to withdraw KiwiSaver money because hardship applications need to be witnessed by a justice of the peace, solicitor, or notary public, which cannot happen during lockdown.
An announcement is expected in the next few days on the issue, after KiwiSaver providers were alerted to the issue by a rising number of calls from desperate account-holders, some of who have become angry on finding they were unable to access their money.
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