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 First home withdrawals

Saving for a first home? Get up to speed on how KiwiSaver can help you get there. One key characteristic of KiwiSaver is that it may help you purchase your first home! Find out if you’re eligible and how much you might be able to withdraw.

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Am I eligible?

To be eligible you need to have been a member of a KiwiSaver scheme, or a complying superannuation fund, for a minimum of three years and in general you can’t currently own, or have previously owned property. You must also intend to live in the property you are purchasing as your primary place of residence. Visit the Government's KiwiSaver website for more details, or if you have previously owned a property you may be eligible for a second-chance withdrawal - find out more.

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How much can I withdraw?

If you’re a KiwiSaver member, confirm your KiwiSaver start date and find out how much you may be able to access for a first home withdrawal. If you qualify, you can withdraw everything in your account except for $1,000 and any money that may have been transferred into your KiwiSaver account from a complying Australian superannuation scheme.

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Can I get the HomeStart grant?

As well as the first home withdrawal, KiwiSaver members may also qualify for a HomeStart grant from Housing New Zealand, but you must meet certain conditions determined by Housing New Zealand.

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HomeStart grant - for new builds.

If you are purchasing a newly built home or a proposed home off plans, the grant is $2,000 for each year you have contributed to KiwiSaver, up to a maximum of $10,000. So if you’ve contributed for three years, you could get $6,000; for four years, $8,000; and $10,000 for five years or longer for a single buyer and up to $20,000 for two or more buyers. 

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Who is eligible for the KiwiSaver first home withdrawal?


What’s the difference between the first home withdrawal and the KiwiSaver HomeStart grant?



Can I apply for both the first home withdrawal and the KiwiSaver HomeStart grant at the same time?