Farmers say new KiwiSaver rules are a win for rural staff looking to buy property.

Farm workers, rural teachers, police and defence personnel can now use KiwiSaver to buy their first home, or even a farm, due to the Government lifting a long-standing restriction.

Previously, these workers were blocked because their jobs required living in employer-provided housing.

Federated Farmers' Dairy Chair Karl Dean told Mike Hosking that there's about 50,000 farms nationwide, most with just one or two staff living onsite.

He expects 10 to 20% to take this option.

LISTEN ABOVE

Farmers say new KiwiSaver rules are a win for rural staff looking to buy property.
Farm workers, rural teachers, police and defence personnel can now use KiwiSaver to buy their first home, or even a farm, due to the Government lifting a long-standing restriction.
Previously, these workers were blocked because their jobs required living in employer-provided housing.
Federated Farmers' Dairy Chair Karl Dean told Mike Hosking that there's about 50,000 farms nationwide, most with just one or two staff living onsite.
He expects 10 to 20% to take this option.
LISTEN ABOVE

Looking for actionable business insights all in one place? 

We're here to help you find a way with a curation of the ‘best bits’ from top business podcasts. 

Save time searching; subscribe to the SME Stream where you can listen to relevant, timely, business-related content today. 

 

Looking for actionable business insights all in one place? 
We're here to help you find a way with a curation of the &lsquo;best bits&rsquo; from top business podcasts. 
Save time searching; subscribe to the SME Stream where you can listen to relevant, timely, business-related content today.&nbsp;
&nbsp;