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 Inland Revenue data shows between July 2024 and April 2025, more than $389.4 million had been withdrawn from KiwiSaver for financial hardship reasons, up from $300.5m in the year to June 30, 2024. A total of 44,360 people had withdrawn money from KiwiSaver for hardship reasons, up from 32,480 in the previous financial year.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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A riddle to start the festive season 🌲🎁🌟
I'm a fruit. If you take away my first letter, I'm a crime. If you take away my first two letters, I'm an animal. If you take away my first and last letter, I'm a form of music. What am I?
Do you think you know the answer? Simply 'Like' this post if you know the answer and the big reveal will be posted in the comments at 2pm on the day!
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Poll: Should we be giving the green light to new mining projects? 💰🌲
The Environmental Protection Authority announced this week that a proposed mine in Central Otago (near Cromwell) is about to enter its fast-track assessment process. A final decision could come within six months, and if it’s approved, construction might start as early as mid-2026.
We want to know: Should mining projects like this move ahead?
Keen to dig deeper? Mike White has the scoop.
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53.2% Yes
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46.8% No
Thousands of police warnings could be wiped because of protocol breaches
Thousands of formal warnings issued by police could be wiped from official records and compulsory training for all staff has been introduced because police haven't followed proper protocol for years, the Herald can reveal. Relying on formal warnings during police vetting has also been stopped nationwide because of the botch-up, and police are now inviting anyone who has concerns about a formal warning they've received to contact police and request a review of their records.
The background: Deficiencies in the formal warning system were first identified in 2021, after a High Court judge found the way warnings were issued breached the law. Central to the court’s ruling was that police didn’t understand that for a formal warning to be issued, a suspect must accept responsibility for their offending, and there must be sufficient evidence to prove the offence. After that ruling, police said they’d review their policies. However, the Herald has learned that four years since flaws were first identified, significant issues remain. A review conducted last year found that of a sample of 467 warnings issued between 2019 and 2024, only 171 were compliant. Police said those found to have breached policy were then wiped from official records.
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