FAQ Accessing KiwiSaver to buy your first home
- You must have been a KiwiSaver member for 3 years or more
- For purchase of your first home, not an investment property
– Property can either be bare land (without a house) which you intend to build your home on
KiwiSaver funds only applies to buying land not towards future costs of building the house
Q How Much can I withdraw?
A You may be able to withdraw the current value of your member contributions, employer
contributions, return on investment and any member tax credits
Provided you leave a minimum balance of $1000 in your KiwiSaver
Q I have transferred my Australian Super into KiwiSaver, can I access that to buy my first
A No, you cannot access your Australian Super to buy your first home
Q Am I eligible for a home start grant?
A Follow this link to find out if you are eligible for a home start grant
Q I have owned a home before but no longer have an interest or share in the property, can I still
A In some circumstances you may still be eligible to access your KiwiSaver. Contact Housing
New Zealand to find out if you are eligible https://www.hnzc.co.nz
You may be eligible if Housing New Zealand accepts that you are in the same financial
position as would be expected if you have never owned a property in the past.
Q Can I use KiwiSaver to buy our first home even if my spouse isn’t with KiwiSaver or is
enrolled in another workplace scheme?
A Yes, you can withdraw KiwiSaver even if your spouse is not a member. Contact your
Q Can I use my KiwiSaver to buy our first home jointly with friends or family?
A If you will be buying property together for the purpose of living in that property then you could
combine your KiwiSaver to purchase your first home.
To apply for a first home withdrawal or to request a Withdrawal Estimate Letter