Buying guide
Kiwisaver withdrawal rules: A complete guide
Need those savings?
AI summary
While Kiwisaver is primarily for retirement, you can access funds before age 65 in specific situations.
Early withdrawal is possible for:
- Buying a first home (after three years of membership).
- Moving overseas permanently.
- Significant financial hardship or serious illness.
Limited options also exist for second-home buyers via Kāinga Ora. At 65, you can make full, partial, or regular withdrawals. Always consider the long-term impact on your retirement savings and seek professional financial advice before withdrawing funds.
When can I withdraw my Kiwisaver?
Kiwisaver first home withdrawal rules
Withdrawing Kiwisaver when you’ve reached retirement age
Full withdrawal
Partial withdrawal
Regular withdrawals
It's usually best to leave your Kiwisaver where it is for as long as possible (but that's not always possible).
Withdrawing your Kiwisaver to buy your second or subsequent home
Withdrawing your Kiwisaver if you’re moving to a new country
If you’re moving to Australia
If you’re moving to any other country that’s not Australia
If you’ve retired under Australian law
Going overseas for good is one reason you may be able to withdraw your Kiwisaver balance.
Extenuating circumstances Kiwisaver withdrawal
Understand the impact of Kiwisaver withdrawal
For example, let’s say you’ve been putting $250 aside per month and have a $50,000 balance in your Kiwisaver.
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