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KiwiSaver Rules Stalling Lisa's Dream | Auckland News
Lisa, a single woman in Dunedin, is trapped by KiwiSaver rules that block her from accessing her savings to buy a home—despite needing it for retirement security. After selling her former home and buying a caravan, she now faces an asset cap of $80,000, even though she has $160,000 in savings. Her $90,000 KiwiSaver balance is essential for a down payment, but the system won’t let her withdraw it. Paying $400 weekly rent, she can afford a mortgage at that level—but without KiwiSaver access, she risks being permanently priced out. The rules, last updated in 2023, were designed for first-time…
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