[toadsurfer]

Hi

I am 35 and haven't started a pension yet, largely due to the time and huge debts incurred in qualifying into my career! In a year or two I should finally be student debt free and will want to finally start saving for a pension.

Am due to move to NZ from the UK, in June and start new job, but if I only stay in NZ for a few years does anyone know if the kiwisaver can be transferred to the uk? All I can find online is info re transferring Uk pensions to NZ but not the other way round.

Thanks
Ed

 

[hopers7]

I think I have read that you can take money out of it for a house deposit etc but not sure about transfering it all to UK...sorry...

 

[anski]

Hi

I am 35 and haven't started a pension yet, largely due to the time and huge debts incurred in qualifying into my career! In a year or two I should finally be student debt free and will want to finally start saving for a pension.

Am due to move to NZ from the UK, in June and start new job, but if I only stay in NZ for a few years does anyone know if the kiwisaver can be transferred to the uk? All I can find online is info re transferring Uk pensions to NZ but not the other way round.

Thanks
Ed

If you leave the country permanently you can withdraw the money.

Permanently emigrating
One year after you've permanently emigrated you'll be able to withdraw your funds and close your KiwiSaver account.

Find out what you can and can't withdraw from your KiwiSaver account.

If you decide to return to New Zealand
If you decide to return to New Zealand you can rejoin KiwiSaver if you're eligible, but you won't receive another $1,000 kick-start.

Changing financial circumstances
You may want to stop making your KiwiSaver contributions for financial reasons.

Employees
If you've been a KiwiSaver member for 12 months or more then you can apply for a contributions holiday.

If you've been a KiwiSaver member for less than 12 months then you can apply for an early contributions holiday, if you're experiencing, or likely to experience, financial hardship.

You'll need to provide evidence to support your application.

Non-employees
If you pay your contributions directly to your KiwiSaver provider, contact your provider to see if you can negotiate a savings break.

Being declared bankrupt
If you're declared bankrupt, your KiwiSaver contributions may become subject to bankruptcy proceedings. The outcome of these proceedings will determine how your contributions will be treated.

Further information can be found on the Ministry of Economic Development's insolvency site.

What happens if you die
On your death, all your KiwiSaver savings are paid to your estate.

Taken from

Changes to your personal situation

 

[toadsurfer]

Now why couldn't I find that!

Thanks loads for that!

 

[topcat83]

Kiwisaver isn't such a good deal now - definitely save for your retirement but i'd consider other savings options too.