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&rsquo;re required to live in employer housing.
The Government&rsquo;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

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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;
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