A barrier stopping rural workers from using KiwiSaver is being lifted.

Farm workers, rural teachers, police and defence staff have been unable to make first-home withdrawals, because they’re required to live in employer housing.

The Government’s now allowing them to use their savings, including towards buying a farm.

Finance Minister Nicola Willis told Ryan Bridge that these workers have been locked out of the KiwiSaver first-home withdrawal for too long.

She says if people are working hard to get ahead, where they live shouldn't exclude them from the property ladder.

LISTEN ABOVE

A barrier stopping rural workers from using KiwiSaver is being lifted.
Farm workers, rural teachers, police and defence staff have been unable to make first-home withdrawals, because they’re required to live in employer housing.
The Government’s now allowing them to use their savings, including towards buying a farm.
Finance Minister Nicola Willis told Ryan Bridge that these workers have been locked out of the KiwiSaver first-home withdrawal for too long.
She says if people are working hard to get ahead, where they live shouldn't exclude them from the property ladder.
LISTEN ABOVE

A fresh and intelligent start to your day - catch the very latest international and domestic news developments, sport, entertainment and business on Early Edition with Ryan Bridge, on Newstalk ZB.

A fresh and intelligent start to your day - catch the very latest international and domestic news developments, sport, entertainment and business on Early Edition with Ryan Bridge, on Newstalk ZB.

Early Edition with Ryan Bridge

Nicola Willis: Finance Minister discusses making KiwiSaver easier to access for rural workers

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/83b9fd8a-dd94-46cc-9d04-b400012c53d6/transcript