Simplicity KiwiSaver partners with Debtfix to help members experiencing financial hardship
Simplicity KiwiSaver and Debtfix have launched a pilot programme for KiwiSaver members who want to withdraw funds when they are experiencing financial hardship.
Now, people applying to Simplicity to withdraw KiwiSaver funds will be referred to Debtfix, New Zealand’s first not-for-profit debt solution provider. The holistic service supports people beyond the hardship application and looks for solutions that may mean people don’t need to draw down on KiwiSaver funds.
Making a hardship application for financial problems caused by Covid
While New Zealanders hang in there, staying safe in their lockdown bubbles, many of us are worrying about paying the bills because our income has changed.
Using a hardship application or KiwiSaver withdrawal to pay back debt
Think of debt like a beautifully kept car, with regular cleaning and maintenance it’ll remain shiny, reliable and functioning. But with a few months or years of neglect, it’ll become messy and at risk of a breakdown.