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
You can use your KiwiSaver for a first home deposit if you've been a member for at least three years and intend to live in the property for six months. You can withdraw your entire balance except for the initial $1,000 government contribution.
The process is managed by your KiwiSaver provider, not Kāinga Ora. It is critical to apply early, as processing can take up to 15 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
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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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