First Home Buyers can use KiwiSaver
Do you want to buy your first home?
Have you been a member of KiwiSaver for at least three years?
Did you know that after three years you can withdraw all but the Government’s contributions from your KiwiSaver Account and use them to buy your first home?
Do you want to know more? Email your name and phone number to
KiwiSaver Savings withdrawal to buy your first home
You may be able to withdraw some or all of your KiwiSaver savings (except for the $1,000 kick-start) to put towards buying your first home.
And you and your partner can combine funds to get access to more money.
Some complying funds don't allow you to withdraw your savings for your first home. If you're a member of a complying fund and want to use your savings for your first home withdrawal you'll need to check with your provider to see if they offer this.
Making a first-home withdrawal
You must have been a KiwiSaver member or member of a complying fund for three or more years. You can only withdraw money to buy your first home - not an investment property.
If you have owned a home before, in some circumstances you may still be eligible to withdraw your savings. Your scheme provider may require you to contact Housing New Zealand to determine if you're in the same financial position as a first home buyer.
To read more on Housing NZ Website click here
Do you want to know more? Email your name and phone number to
bayfinancialpartners.co.nz is operated by Bay Financial Partners Limited and is not endorsed by, or affiliated with, the government or Inland Revenue. Bay Financial Partners Limited is using the KiwiSaver trade mark and logo under licence from Inland Revenue. To view the official New Zealand government KiwiSaver website, please click here.
- Last updated on .