Nicola Willis: KiwiSaver changes to loosen restrictions on rural investors
The Government has highlighted issues within the KiwiSaver Act that have prevented a number of Kiwis from using their accounts to buy a home.
Many workers in rural areas, like farm workers, rural police and teachers, are often required to live in housing provided by their employer - which stops them from being able to withdraw their KiwiSaver for a first home as they're unable to live in it.
These issues have also stopped farmers from being able to purchase their own farm as it's not covered by current legislation.
Changes announced this morning would remove those barriers.
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