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 Inland Revenue data shows between July 2024 and April 2025, more than $389.4 million had been withdrawn from KiwiSaver for financial hardship reasons, up from $300.5m in the year to June 30, 2024. A total of 44,360 people had withdrawn money from KiwiSaver for hardship reasons, up from 32,480 in the previous financial year.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 complete designs be shared with the public, or should the community help shape the designs from the start?
The Post recently shared an opinion piece on the Harbour Crossing and why a more democratic approach might be needed 🚗🚲👟
While most decisions sit within the political arena, many organisations—like NZTA—manage long-term projects that go beyond party lines. Politics can sometimes disrupt progress, and the next Harbour Crossing is a big decision that will affect all Aucklanders.
We’d love your thoughts: Should near-complete, shovel-ready designs be shared with the public, or should the community have a hand in shaping the designs from the start?
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80.2% Community feedback and transparency is needed.
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19.8% No. This would be impossible in practice.
Have you got New Zealand's best shed? Show us and win!
Once again, Resene and NZ Gardener are on the hunt for New Zealand’s best shed! Send in the photos and the stories behind your man caves, she sheds, clever upcycled spaces, potty potting sheds and colourful chicken coops. The Resene Shed of the Year 2026 winner receives $1000 Resene ColorShop voucher, a $908 large Vegepod Starter Pack and a one-year subscription to NZ Gardener. To enter, tell us in writing (no more than 500 words) why your garden shed is New Zealand’s best, and send up to five high-quality photos by email to mailbox@nzgardener.co.nz. Entries close February 23, 2026.
Poll: 🤖 What skills do you think give a CV the ultimate edge in a robot-filled workplace?
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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53.8% Human-centred experience and communication
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14.1% Critical thinking
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29.4% Resilience and adaptability
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2.7% Other - I will share below!
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