View all Posts from Hillsborough
254 days ago

KiwiSaver hardship withdrawals are at record highs

Brian from Mount Roskill

What's happening: Tens of thousands more New Zealanders are struggling under the cost of living crisis as KiwiSaver hardship withdrawals reach new highs. Both the number of Kiwis making withdrawals and the amount taken out have smashed last year’s figures in just 10 months. Inland Revenue data shows between July 2024 and April 2025, more than $389.4 million had been withdrawn from KiwiSaver for financial hardship reasons, up from $300.5m in the year to June 30, 2024. A total of 44,360 people had withdrawn money from KiwiSaver for hardship reasons, up from 32,480 in the previous financial year.
The response: David Verry, financial mentor at Auckland Central Budgeting and North Harbour Budgeting Services, said it was no surprise to see those figures. "Across the board we’re seeing increases in the number of people approaching us for KiwiSaver hardships," he said. "I’d have to say probably two out of three people that have approached me in recent times have been looking for KiwiSaver hardship withdrawals." Verry said some financial mentors have seen a doubling of those seeking withdrawals over the last two years. There were now people fronting up for their second round of hardships, he said.
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More messages from your neighbours
6 hours ago

Poll: 🤖 What skills do you think give a CV the ultimate edge in a robot-filled workplace?

The Team from Neighbourly.co.nz

The Reserve Bank has shared some pretty blunt advice: there’s no such thing as a “safe” job anymore 🛟😑

Robots are stepping into repetitive roles in factories, plants and warehouses. AI is taking care of the admin tasks that once filled many mid-level office jobs.

We want to know: As the world evolves, what skills do you think give a CV the ultimate edge in a robot-filled workplace?

Want to read more? The Press has you covered!

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🤖 What skills do you think give a CV the ultimate edge in a robot-filled workplace?
  • 83.3% Human-centred experience and communication
    83.3% Complete
  • 16.7% Critical thinking
    16.7% Complete
  • 0% Resilience and adaptability
    0% Complete
  • 0% Other - I will share below!
    0% Complete
6 votes
J
22 hours ago

Lost Cat

Janet from Mount Eden

SMOKEY
MISSING since 7th Feb 26
Grey green eyes
Very shy
Missing from Dominion road near St Albarns church.
Jan 0274374334

13 hours ago

Epsom Community Centre Lunar New Year Festival

Evergreen from Evergreen Natural Health Epsom Clinic

Join us at the Lunar New Year Festival in Epsom

A beautiful day of culture, food, and community.

Evergreen Clinic will be there to celebrate with you.

Come visit our booth and connect with us.

We look forward to seeing you

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