Skip to main content
search

The KiwiSaver scheme is not only designed for retirement, it also helps first home buyers get into their first home.

That’s right, contributions made to your KiwiSaver fund including your employer’s contributions coupled with any interest earnt and fee subsidies (if applicable) can be withdrawn to purchase your first home.

Need assistance withdrawing your KiwiSaver for your first home? Our experienced team are here to help you.

Kiwisaver To Purchase Your First Home

There are a few pre-requisites that must be met before you can make a withdrawal of your savings towards your first home.

To be eligible you must:

  • have been a KiwiSaver member for at least 3 years;
  • leave at least $1,000 remaining in the KiwiSaver account;
  • intend to live in the property.

Are you a previous home owner? You may still be eligible for a first home withdrawal. You must:

  • have been a member of KiwiSaver for at least three years;
  • have not received the first home withdrawal before;
  • no longer have an interest/share in a property;
  • not have any realisable assets totalling more than 20% of the house price cap in the area you are buying.

If this sounds like you and you meet the KiwiSaver pre-requisites, get in touch with one of our friendly team today.

Contact Our Specialist Team

If this sounds like you and you meet the KiwiSaver pre-requisites, get in touch with one of our friendly team today. The process of buying your first home can be daunting. We are here to guide you through each step and answer any questions you may have.