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A New Zealander with terminal cancer calls rules for accessing retirement funds "harsh," as strict death-proximity requirements cause stress despite severe illness.
A New Zealand man with terminal bowel cancer says strict rules for accessing his KiwiSaver retirement funds are unnecessarily harsh and emotionally draining.
Diagnosed with stage four cancer and given a three-year prognosis, he describes the withdrawal process as bureaucratic and stressful, especially while managing treatment, job instability, and financial pressures.
He criticizes the requirement to prove an "imminent risk of death"—typically within 12 months—despite being unable to work and facing severe illness.
A similar case was denied under the same criteria, even though the person had a terminal diagnosis.
Public Trust acknowledges the hardship and confirms full withdrawals are allowed under serious illness rules if death is imminent, but decisions are made case by case based on legal definitions.
Un neozelandés con cáncer terminal dice que las reglas para acceder a los fondos de jubilación son "duraces", ya que los estrictos requisitos de proximidad a la muerte causan estrés a pesar de una enfermedad grave.