KiwiSaver hardship withdrawals are at record highs
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 Inland Revenue data shows between July 2024 and April 2025, more than $389.4 million had been withdrawn from KiwiSaver for financial hardship reasons, up from $300.5m in the year to June 30, 2024. A total of 44,360 people had withdrawn money from KiwiSaver for hardship reasons, up from 32,480 in the previous financial year.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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Poll: Should we ditch daylight saving? 🕰️
First introduced in New Zealand in 1927 with the passing of the Summer Time Act, it's what we know as 'Daylight Saving' and this year it ends on the first Sunday in April.
While we do get to sleep in this time around, some people would like to scrap the clock tinkering for good.
And why? Some evidence suggests the time changes are bad for our health as they mess with sleep patterns leading to short-term fatigue and affecting mood. Meanwhile the hour change is frustrating for farmers and a nightmare for getting the littlies to sleep. But what's your take?
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40.8% Yes - get rid of the clock changes
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57.4% No, I enjoy it
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1.8% Other - I'll share below
Don't overthink this riddle...
I have a silver sole
but no feet,
I make my living by bringing the heat.
What am I?
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Sunday Market at St Johns – Come Say Hi!
Hi Neighbours !!!!
If you’re looking for an easy, feel-good way to start your Sunday, pop down to the St Johns Market it’s on every week and always worth a visit
Expect plenty to enjoy:
Delicious Food and Drink
Seasonal fruit & veg from local growers
Handmade goodies & crafts
Clothes, toys
It’s a laid-back, welcoming spot to catch up with neighbours, support local, and soak up the community vibe.
Stay connected & get updates:
Facebook
info.sjmarket@gmail.com
0274 671 446
Bring the kids, bring the dog, or just bring yourself and make a morning of it hope to see you there!
7 Allison Ferguson Drive, Auckland Netball Courts
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