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
First-home buyers can use their KiwiSaver savings for a property purchase after contributing for at least three years. Key requirements include intending to live in the home for at least six months and being a first-time buyer (or in a similar financial position).
The withdrawal process is managed by your KiwiSaver provider, not Kāinga Ora. It's crucial to apply with ample time, as processing can take over 10 working days. Ensure funds are ready before settlement to avoid significant penalties.
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
-fotor-20240408171748.jpg)
Withdrawing from your Kiwisaver can be a great way to secure your first home.
Be smart with your Kiwisaver before purchasing a home
Author
Discover More
‘We’ve loved the fact that it’s unconventional and quirky’
A character-filled 1950s Mangawhai bach with sleep-outs and a caravan is heading to market.
.jpeg)
Rare 1980s architectural gem with lush gardens for sale in Te Puke
A distinctive Te Puke home with lush gardens and a 32-year family history is on the market.
