A trip home 'financial hardship"?

Some are wanting out of KiwiSaver. Is a trip home for family hardship a reason for your money to come out?
KiwiSaver is a long term plan. Your KiwiSaver plan may well out live you, your parents, and unfortunately, perhaps your children as well. That is why returning home for loved ones that passed away in a Tsunami is not a “hardship” under KiwiSaver hardship rules.

See the complete post by Neil Smith KiwiSaver Adviser here.

A disclosure statement under the Securities Markets Act 1988 relating to the financial adviser associated with this blog post is available upon request and free of charge.

Who Signs Up For KiwiSaver?

Are these workers KiwiSaver members? Are you?

KiwiSaver is gaining momentum.
Are you in, and if so, who else is?
Here's some interesting statistics on who else is in KiwiSaver,
as of July 2009, this information was only released by the
IRD on 22 October, 2009.

LifeRisk.co.nz/blog delves into how enrollments in KiwiSaver have changed over 2 years.
This information compares Year 1 with Year 2.*

• Growth of enrollments more than doubled – 54% more people were in KiwiSaver in Year 2 compared with Year 1. As of June 30, 2009 there were 1.1 million people in KiwiSaver. As of January 30 2010 it was 1.3 million people!
  
  
• Automatic enrollment – people who join KiwiSaver through the process of getting or changing a job makes up 39% of all those who are joining KiwiSaver – which is probably why more young people are getting into KiwiSaver. See the full blog post here.