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

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)
Frances Cook
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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