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
A KiwiSaver first home withdrawal can help you buy property if you've contributed for at least three years and intend to live in the home for six months. Previous homeowners may also qualify if their financial situation is similar to a first-time buyer.
You can withdraw your balance, excluding the initial $1,000 government payment. Apply through your KiwiSaver provider once you have a sale and purchase agreement. Crucially, allow at least 10-15 working days for processing to avoid missing key dates.
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
‘God’s work’: From earthquake-damaged church to social housing, and the 1880s villa given new life
The Here Awards honour an 1880s villa renovation and a Christchurch church transformed into social housing.
Historic Tūrangi home built for Italian tunnelling director hits the market
A 1960s Tūrangi home linked to the Tongariro Power Scheme is on the market for $765,000.
