Buying guide
Kiwisaver withdrawal rules: A complete guide
Need those savings?
AI summary
While your Kiwisaver is generally locked until age 65, early withdrawals are possible for specific reasons.
- Buying your first home (after 3+ years of membership).
- A "Second Chance" home purchase via Kāinga Ora.
- Moving overseas permanently.
- Significant financial hardship or serious illness.
At retirement, you can take a lump sum or regular payments. Always consider how an early withdrawal will significantly impact your final retirement balance before making a decision.
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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