First Home Buyer's KiwiSaver Withdrawal Guide

Using KiwiSaver for Your First Home

KiwiSaver can be a powerful tool for first home buyers. Here's everything you need to know about withdrawing funds for your first property.

Eligibility Requirements

To withdraw KiwiSaver for a first home, you must:

Be a KiwiSaver member for at least 3 years
Be purchasing your first home (or be in the same financial position as a first home buyer)
Intend to live in the property
Have contributed regularly during membership

What You Can Withdraw

You can withdraw:

All your own contributions
All employer contributions
All investment returns

You cannot withdraw:

The $1,000 kick-start (if you received it before 2015)
Any government contributions
Member tax credits

The Withdrawal Process

Step 1: Get Pre-approval

Contact your KiwiSaver provider before making an offer. Processing takes 10-15 business days.

Step 2: Provide Documentation

You'll need:

Signed sale and purchase agreement
Property valuation
Solicitor's details
Proof you'll live in the property

Step 3: Funds Transfer

Money goes directly to your solicitor's trust account, not to you personally.

First Home Grant

You may also qualify for a First Home Grant:

Contribution PeriodGrant Amount3 years$3,0004 years$4,0005+ years$5,000

Double for new builds! (Up to $10,000)

Income Caps (as of 2026)

Single buyer: $95,000
Two or more buyers: $150,000 combined

Price Caps

Varies by region - check Kainga Ora for current limits.

Maximizing Your Deposit

Tips to boost your KiwiSaver before buying:

Increase your contribution rate temporarily
Make voluntary lump sum contributions
Ensure you're getting the full government contribution
Review your fund's performance - but be cautious about switching close to withdrawal

Common Questions

Can I withdraw if I've owned a home overseas?

Possibly - it depends on your current financial position.

What if I'm buying with a partner who already owns property?

You can still withdraw your portion if you meet the criteria.

Can I withdraw for an investment property?

No - you must intend to live in the property.

Getting Professional Advice

A financial adviser can help you:

Calculate optimal withdrawal timing
Understand the impact on your retirement savings
Navigate the application process
Explore other first home assistance options