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Social media videos promoting ways to 'game' the KiwiSaver system

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Manage episode 488242565 series 3600198
Content provided by RNZ. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by RNZ or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.
Inland revenue figures show a record number of hardship withdrawals from KiwiSaver is the past year. Between July 2024 and April 2025, more than $389 million's been taken out of KiwiSaver for financial hardship reasons. That's up from $300m on the year before. People can access KiwiSaver retirement funds in significant financial hardship, including for example to pay for food, power or palliative care. However, a fund manager told Checkpoint there is a multitude of social media videos full of workarounds to help people qualify for a hardship withdrawals and effectively game the system. General Manager for KiwiSaver Fisher Funds, David Boyle spoke to Lisa Owen.
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1381 episodes

Artwork
iconShare
 
Manage episode 488242565 series 3600198
Content provided by RNZ. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by RNZ or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.
Inland revenue figures show a record number of hardship withdrawals from KiwiSaver is the past year. Between July 2024 and April 2025, more than $389 million's been taken out of KiwiSaver for financial hardship reasons. That's up from $300m on the year before. People can access KiwiSaver retirement funds in significant financial hardship, including for example to pay for food, power or palliative care. However, a fund manager told Checkpoint there is a multitude of social media videos full of workarounds to help people qualify for a hardship withdrawals and effectively game the system. General Manager for KiwiSaver Fisher Funds, David Boyle spoke to Lisa Owen.
  continue reading

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