Westpac Kiwi Saver Scheme Withdrawal form for: Subsequent Retirement Withdrawals; and Withdrawals for members who joined Kiwi Saver when over 65. August 2020Withdrawal formats next? Use this form.

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How to fill out the NZ Westpac KiwiSaver Scheme Withdrawal Form online

This guide offers a comprehensive overview on completing the NZ Westpac KiwiSaver Scheme Withdrawal Form online. Navigate through each step and section with clarity and confidence, ensuring your withdrawal request is submitted accurately and efficiently.

Follow the steps to successfully complete your withdrawal form.

  1. Click ‘Get Form’ button to obtain the form and open it for completion.
  2. Begin filling out section A, which captures your personal details. Include your name, date of birth, postal address, phone numbers, email, member number, IRD number, and prescribed investor rate.
  3. Proceed to section B to specify your withdrawal request. Indicate whether you wish to withdraw your entire balance, a partial amount, or set up regular withdrawals. Ensure you provide the amount and the frequency if applicable.
  4. In section C, enter your payment details. Provide the bank account information for where you would like your funds to be transferred, ensuring it is either solely or jointly in your name.
  5. Review the privacy statement in section D, which explains how your personal information will be managed and protected.
  6. In section E, complete the declaration by reading the acknowledgments and adding your signature, confirming that all information is correct.
  7. Follow section F to ensure you have included all necessary documentation, particularly if this is your first withdrawal. Gather required identification and proof of address.
  8. Finally, submit your application as indicated in section G. You can return your completed form and supporting documents to the address provided or visit your local Westpac branch.

Start your online process today by completing the NZ Westpac KiwiSaver Scheme Withdrawal Form.

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Can I withdraw my Westpac KiwiSaver retirement?

You can withdraw the full value of your Westpac KiwiSaver Scheme account after one year. This excludes any Government contributions (which will be paid back to Inland Revenue) and any amount you've transferred from an Australian complying superannuation scheme.

Moving to any other country After you've been living overseas (not Australia) for 1 year, you can take most of the savings from your KiwiSaver account. You can withdraw: your contributions. your employer's contributions.

You may be eligible to withdraw KiwiSaver savings early in the case of bankruptcy, relationship property, student loans and your death.

Full withdrawals will take around 2-3 weeks to process taking into account making a final Government contribution claim. Partial withdrawals not requiring a Government contribution claim should take around a week to process.

You'll have to be able to show you're experiencing significant financial hardship(opens in new window), which includes: being unable to meet minimum living expenses. being unable to meet mortgage repayments on the home you live in, resulting in your mortgage provider enforcing the mortgage on your property.

To withdraw savings you will need to provide evidence you are suffering significant financial hardship. If your application is accepted you can only withdraw your and your employer's contributions. Significant financial hardship includes when you: cannot meet minimum living expenses.

If you've never made a retirement withdrawal before, use the Westpac KiwiSaver Scheme Initial Retirement Withdrawal Form, available online at westpac.co.nz/kiwisaver or at your local Westpac branch.

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