Buying guide
How does Kiwisaver first home withdrawal work?
There are a few things you need to know if you want to withdraw your Kiwisaver to buy a home
AI summary
Thinking of buying your first home? You can use your KiwiSaver savings towards a deposit if you've been a member for at least three years and plan to live in the property for six months.
The withdrawal process is managed by your KiwiSaver provider, not your lender or Kāinga Ora. It's best to get pre-approval early and apply formally once you have a signed sale and purchase agreement.
Timing is critical; allow at least 10-15 working days for processing.
Kiwisaver first home withdrawal rules for eligibility
The process: Using Kiwisaver for your first home
Applying for pre-approval or confirming the amount you can withdraw
To apply for a Kiwisaver withdrawal contact your fund provider.
Applying to for Kiwisaver withdrawal: First home buyers
Stuff you need to know when using Kiwisaver for your first home
You can put your first home Kiwisaver withdrawal towards your purchase deposit
It’s important to ensure your Kiwisaver funds are ready in time
You’ll need to intend live in the home for at least six months
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Withdrawing from your Kiwisaver can be a great way to secure your first home.
Be smart with your Kiwisaver before purchasing a home
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