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As many as 30 percent of people who are making withdrawals from their KiwiSaver funds for hardship reasons are taking all of their available money.

Hardship withdrawals have increased substantially in recent years as cost-of-living pressure has gone on households.

It was raised as a concern by Retirement Commissioner Jane Werightson in her latest three-yearly review of retirement income policy.

In the year to June, 45,000 people accessed their KiwiSaver funds early because of financ

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