Money Mail 111 - Impact of using kiwisaver to buy a house

Published: June 23, 2022, 10:11 p.m.

b'New research conducted on behalf of the Retirement Commission found that Kiwisaver withdrawals had a massive impact on future balances for young Kiwis. Research suggested that Kiwisaver balances are only a third of what they could be for people who had withdrawn to buy a house or failed to contribute consistently. The average KiwiSaver balance is $29,022.

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