Buying guide
Kiwisaver withdrawal rules: A complete guide
Need those savings?
AI summary
While Kiwisaver is primarily for retirement savings accessible at age 65, early withdrawals are possible in specific circumstances.
The most common reason is for a first home purchase, requiring at least three years of membership. Other early withdrawal conditions include:
- Moving overseas permanently
- Significant financial hardship or serious illness
- A Second Chance withdrawal for a subsequent home in limited cases
Withdrawing early can significantly impact your final balance, so seeking professional financial advice before making a decision is essential.
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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