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. To be eligible, you must be a first-time buyer (or in a similar financial position) and intend to live in the home for at least six months.
You can withdraw most of your balance, excluding the initial $1,000 government payment. Apply directly through your KiwiSaver provider once you have a sale and purchase agreement. Timing is crucial—allow ample processing time to avoid 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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