Using KiwiSaver for rental bonds? One of the worst ideas I've heard

Renters will find themselves even further from their first home dream. (Image: Getty)

Tue, 18 Jul 2023

Using KiwiSaver for rental bonds is the most financially irresponsible thing I’ve heard in years.In case you missed it, the National party has just announced a policy that would allow people under the age of 30 to tap into their KiwiSaver account to pay a rental bond. It would go directly from KiwiSaver to tenancy services and could be transferred as the bond for a new tenancy for up to five years. When the news alert flashed up on my phone, I uttered some words that are simply not fit to repeat here. Bad to worseIt’s...

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