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Lump sum payment Kiwi Saver Use this form: To pay a lump sum to your Kiwi Saver Account under Supervises Kiwi Saver scheme (Supervise). Send completed form to Supervise Limited. SLKS23 23.04.2015
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How to fill out lump sum payment kiwisaver

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How to fill out lump sum payment KiwiSaver:

01
Obtain the necessary forms: Start by acquiring the Lump Sum Withdrawal form from your KiwiSaver provider or downloading it from their website.
02
Complete personal details: Fill in your full name, date of birth, address, and contact information in the designated sections of the form.
03
Provide your KiwiSaver details: Enter your KiwiSaver number, the name of your KiwiSaver provider, and any additional relevant information about your KiwiSaver account.
04
Specify the lump sum amount: Indicate the exact amount you wish to withdraw as a lump sum payment from your KiwiSaver account.
05
State the reason for withdrawal: Explain the reason behind requesting the lump sum payment, such as purchasing a first home, significant financial hardship, emigration, or retirement.
06
Attach supporting documents: Depending on the reason for withdrawal, you may need to provide copies of relevant documents, such as a Sale and Purchase Agreement for a first home withdrawal or documentation of financial hardship or emigration circumstances.
07
Sign and date the form: Make sure to read the declaration section carefully, then sign and date the form accordingly.
08
Submit the form: Send the completed form along with any required supporting documents to your KiwiSaver provider by email, post, or in person.

Who needs lump sum payment KiwiSaver:

01
First home buyers: Individuals looking to purchase their first home may utilize the lump sum payment option to access their KiwiSaver funds for a deposit or other related expenses.
02
Individuals facing significant financial hardship: Those experiencing severe financial difficulties may be eligible for a lump sum withdrawal from their KiwiSaver account to alleviate their financial situation.
03
Emigrants: KiwiSaver members who permanently emigrate from New Zealand may opt for a lump sum payment of their KiwiSaver funds.
04
Retirees: Individuals who have reached the age of eligibility for New Zealand Superannuation can choose to withdraw their KiwiSaver funds as a lump sum payment to support their retirement.
Note: It is important to consult with your KiwiSaver provider or seek professional advice to ensure you understand the specific requirements, eligibility criteria, and potential implications of making a lump sum payment from your KiwiSaver account.
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Lump sum payment kiwisaver refers to a one-time payment made to a KiwiSaver member upon reaching the eligible age for withdrawals or meeting certain criteria.
Any KiwiSaver member who meets the criteria for withdrawing their funds in a lump sum payment is required to file for it.
To fill out the lump sum payment KiwiSaver form, members need to provide personal details, KiwiSaver account information, and specify the amount they wish to withdraw.
The purpose of a lump sum payment in KiwiSaver is to provide members with access to their savings for retirement or to assist with the purchase of a first home.
The information required for reporting on a lump sum payment includes personal details, KiwiSaver account details, and the amount being withdrawn.
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Relevant keywords

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