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

Posted by Courtney in Kiwisaver, Retirement, Savings on

An Auckland man with Down syndrome has won a change of rules that will allow anyone with a life-shortening congenital condition to access their KiwiSaver funds before they turn 65.

He and his mother asked a Parliamentary select committee last year to change the rules to allow him and others with life-shortening conditions to access their KiwiSaver early - because they were unlikely to live until the normal retirement age of 65.

Commerce Minister Kris Faafoi said the rules would be changed to create a new category for early withdrawal of KiwiSaver funds for anyone with a life-shortening congenital condition.

Read more here.