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ANZ Welcomes Changes to KiwiSaver
ANZ Welcomes Changes to KiwiSaver
New Zealand’s largest KiwiSaver provider, ANZ Investments, today welcomed the introduction of new legislation that will enable people to access more KiwiSaver funds to help buy their first home.
The changes will enable KiwiSaver members to withdraw the Government’s annual Member Tax Credits, as well as their own and employer contributions. This complements the other elements of the Government’s HomeStart package, such as increasing house price caps to more realistic levels and enabling more people to apply for KiwiSaver HomeStart Grants.
ANZ Wealth General Manager Product and Marketing Ana-Marie Lockyer welcomed the move which is designed to help more people purchase their first home.
“Part of planning for your retirement is having a house to live in,” said Ms Lockyer.
“Any moves that help people into buying their own home earlier in life are good for retirement savings, provided people keep contributing to KiwiSaver.”
Ms Lockyer said most Kiwis had worked out that it was important to buy a home and save for their retirement.
“Our records show that more than 95 per cent of people who have made a first home withdrawal from their KiwiSaver have resumed contributions to their retirement savings so most people are using the scheme very well to boost their overall assets and savings for retirement.”
ANZ Bank New Zealand Limited
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ANZ has been helping New Zealanders get on top of their money ever since we opened for business in 1840. We were New Zealand's first bank and today we have a large network of full-service branches and ATMs, and talented people across the country.
We're passionate about helping our customers make their money work harder and equipping them to make better financial decisions. Whether it's travelling the world, buying a home, building a business, investing for the future or protecting their family's future, we use our financial strength and expertise to help make it happen.
Through our sponsorships, our Staff Foundation and thousands of staff volunteer hours each year, we support causes that make a difference to New Zealanders.
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