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Statistics on KiwiSaver members on savings suspensions

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Number of saving suspensions by type each month

The 2 line bars on this graph represent the 2 savings suspension types - financial hardship and ordinary. The vertical axis shows the number of KiwiSaver members. The horizontal axis represents data from November 2018 to October 2019.

Line graph showing monthly KiwiSaver savings suspensions by type 

In November 2019:

  • 135.2 thousand KiwiSaver members were on a savings suspension, down from 136.3 thousand in November 2018.
  • 140 KiwiSaver members were on financial hardship, down from 160 in November 2018.
  • 135 thousand KiwiSaver members were on ordinary savings suspensions, down from 136.1 thousand in November 2018.

Number of saving suspensions by type each financial year 

This graph has 2 lines. The vertical axis shows the number of KiwiSaver members who are on contributions holiday due to financial hardship or ordinary holiday. The horizontal axis represents data from June 2010 to June 2019.

Line graph showing annual KiwiSaver savings suspensions by type 

In June 2019:

  • 136 thousand KiwiSaver members were on contributions holiday, up from 46 thousand in June 2010.
  • 136 KiwiSaver members were on financial hardship, down from 494 in June 2010.
  • 136 thousand KiwiSaver members were on ordinary hardship, up from 45 thousand in June 2010.

Number of saving suspensions by duration each month

This graph shows the number of KiwiSaver members who are on a savings suspension for less than 12 months to 5 years.

Bar graph showing monthly number of KiwiSaver savings suspensions by duration 

In November 2019:

  • 135.2 thousand members were on savings suspensions, down from 136.3 thousand in November 2018.
  • 25,070 members were on savings suspensions for 12 months or less, up from 9,980 in November 2018.
  • 4,850 members were on savings suspensions for 13 to 24 months, down from 6,710 in November 2018.
  • 3,410 members were on savings suspensions for 25 to 36 months, down from 3,740 in November 2018.
  • 1,770 members were on savings suspensions for 37 to 48 months, up from 1,250 in November 2018.
  • 1,020 members were on savings suspensions for 49 to 59 months, up from 370 in November 2018.
  • 99 thousand members were on savings suspensions for 60 months, down from 114.2 thousand in November 2018.  

 

Number of saving suspensions by duration each financial year

This graph shows the number of KiwiSaver members who are on a savings suspension for less than 12 months to five years between June 2010 and June 2019.

Bar graph showing annual KiwiSaver savings suspensions by duration

In June 2019:

  • The number of members on savings suspensions remained at 135.8 thousand between June 2018 and June 2019.
  • 15,885 members were on savings suspensions for 12 months or less, up from 9,453 in June 2018.
  • 6,065 members were on savings suspensions for 13 to 24 months, down from 6,613 in June 2018.
  • 3,659 members were on savings suspensions for 25 to 36 months, down from 3,748 in June 2018.
  • 1,483 members were on savings suspensions for 37 to 48 months, up from 1,271 in June 2018.
  • 769 members were on savings suspensions for 49 to 59 months, up from 360 in June 2018.
  • 107 thousand members were on savings suspensions for 60 months, down from 114 thousand in June 2018.