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 using your KiwiSaver for a first home withdrawal? You may be eligible after three years of contributions. Key requirements include buying property in New Zealand and intending to live in it for at least six months. Previous homeowners might still qualify if Kāinga Ora confirms their financial position is similar to a first-time buyer.
The withdrawal process is managed directly by your KiwiSaver provider. It is critical to apply with ample time before your deposit is due, as delays can jeopardise your purchase.
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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