Time to retire? You don’t need to cash up completely. Explore your ongoing investment options with Aon KiwiSaver Scheme.

Retirement withdrawal

Thinking about retiring and freeing up time to do all those things you wanted? 

Once you reach 65 and have been in KiwiSaver for at least five years, you can access the money in your KiwiSaver account – but you don’t need to use it all. 

In fact, your KiwiSaver account can continue to work for you long after you retire – so you can continue to enjoy the lifestyle you want.

Aon KiwiSaver Scheme gives you a range of options for managing your retirement savings. You can: 

  • keep your money invested in your account

  • continue to make regular contributions by completing a Direct Debit Form. You can still withdraw money when you want to.

  • set up regular withdrawals from your account to boost your retirement income

  • withdraw some or all of your money. 

It’s important to choose the right option for your personal circumstances.  We recommend you seek advice from an Authorised Financial Advisor.

See below for answers to some common questions about withdrawals – or you can contact us on 0800 266 463.

The benefits of keeping your money invested in KiwiSaver

In some cases, keeping your money in KiwiSaver may be a better option than withdrawing it and leaving it in the bank.

Here’s why.

  • KiwiSaver is easy to manage. We do the work on your behalf. We have four underlying investment managers investing across thirteen different Funds. 
  • It’s flexible. You can choose to withdraw the amount of money you need, when you need it.
  • We’ll keep you updated about your investment. 

​We answer your questions about withdrawing your KiwiSaver money once you’ve retired

How do I withdraw some or all of my KiwiSaver money?

You can download an Application for Withdrawal on Retirement form from our website.

I want to take out money on a regular basis. What are my options?

Complete an Application for Withdrawal on Retirement form and attach a copy of your bank deposit slip, indicating the amount and frequency of your withdrawal.  Please note that the minimum regular withdrawal amount is currently $100. The minimum amount for an ad-hoc withdrawal is $500.

Can I change the amount of my regular withdrawals?

Yes, you can (subject to any minimum in place). To do this you will need to complete a new withdrawal form. 

Another option is to request a one-off lump sum withdrawal which can be processed within five business days of us receiving your completed withdrawal form.

When are regular withdrawals paid?

Weekly and fortnightly withdrawals are paid each Tuesday.  Monthly withdrawals are paid on the 15th of each month (or the working day prior if this date falls on a weekend or public holiday).

Will I be charged a fee for withdrawals?

No. We don’t currently charge any fees for lump sum, ad-hoc or regular retirement withdrawals.

Can I make the payment into someone else’s bank account?

No. We can’t make a payment to a third party. Please note you will need to supply us with proof of your bank account number.

We appreciate you may still have other questions about withdrawing funds for your retirement. Please contact our helpdesk by email or on 0800 266 463.

Get in touch
Aon KiwiSaver Scheme
Administration 0800 266 463