Super Plan

NZ Post Superannuation Plan

Housing benefits

 

First home benefit

You may be able to make a first-home withdrawal to access your savings to use as a deposit to buy a first home.

Subsequent home benefit 

The subsequent home benefit can be used where you are suffering significant financial hardship in one of these situations:

  • You can use it to meet mortgage payments if you are facing a mortgagee sale. The benefit is only available to meet mortgage arrears and payments. It will not be paid as a lump sum, and you cannot use it to pay off other debt.
  • You can use it to buy your house in your own right or re-establish yourself in another home if you have a breakdown in your relationship. You will need to provide a relationship property agreement before we can progress your claim. A solicitor will be able to help you with this.

The subsequent home benefit cannot be used to raise cash for any other purpose. That includes paying off any other debt you may have or an investment decision that has gone wrong. Remember, it is not an automatic benefit. Any application you make will have to be approved by the trustee. 

Limited service period

The NZ Post Superannuation Plan is in the process of transferring to the Mercer Super Trust. The Plan’s transfer is now in a limited service period to ensure that your data and benefits are transferred correctly. This means you will not be able to make any changes to your account during this time via online or helpline. All changes will need to be actioned in the new NZ Post Super Plan. For any urgent withdrawals during the limited service period, please contact helpline on 0508 637 237.