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This form is intended for individuals who wish to withdraw all or part of their KiwiSaver account balance due to significant financial hardship. The application process involves providing personal information, financial details, and support documents. Assistance is available through the Medical Assurance Society.

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What is significant financial hardship withdrawal?

A significant financial hardship withdrawal allows individuals to withdraw funds from their retirement accounts, such as a 401(k), due to severe financial difficulties that cannot be met through other means.

Who is required to file significant financial hardship withdrawal?

Employees who are facing significant financial hardships and need to access their retirement savings before retirement age are required to file for a significant financial hardship withdrawal.

How to fill out significant financial hardship withdrawal?

To fill out a significant financial hardship withdrawal, individuals must complete the appropriate withdrawal form provided by their retirement plan administrator, detailing the nature of the financial hardship and the amount being requested.

What is the purpose of significant financial hardship withdrawal?

The purpose of a significant financial hardship withdrawal is to provide individuals access to necessary funds to address immediate and pressing financial needs, such as medical expenses, housing costs, or other urgent financial obligations.

What information must be reported on significant financial hardship withdrawal?

Information that must be reported includes the amount requested, the specific financial hardship being claimed, supporting documentation for the hardship, and personal identification details.

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