KiwiWise

Turn Your KiwiSaver Into Your First Home

If you’ve been contributing to KiwiSaver, you could be closer to your first home than you think. Learn how to withdraw your savings to help with your deposit.

Check If You’re Eligible Download Checklist

Your KiwiSaver Can Be Your First Step onto the Ladder

You can use most of your KiwiSaver savings towards buying your first home or land to build on. It’s a one-time opportunity designed to help you get into the property market sooner. Here’s how it works:

1. Apply

You apply through your KiwiSaver provider before settlement day.

2. Approval

They check your eligibility and process your application.

3. Purchase

The funds are paid to your solicitor for your deposit or purchase.

Are You Eligible?

  • You’ve been a KiwiSaver member for at least 3 years.
  • You’re buying your first home (or qualify as a 'second chance' home buyer).
  • The property will be your main home, not an investment.
  • You have not made a first home withdrawal before.
  • You will leave at least $1,000 in your account after the withdrawal.

If you’ve owned property before but no longer do, you may still qualify under the “second chance” rules. Check with Kāinga Ora.

Check My Eligibility with Kāinga Ora

Almost All Your KiwiSaver Savings – With One Small Exception

You can withdraw all your KiwiSaver savings except for the initial $1,000 Government kickstart (if you received one) and any funds transferred from an Australian Super scheme.

This means you can use your contributions, your employer’s contributions, and all your investment returns to boost your deposit.

Remember: you’ll need to leave at least $1,000 in your account after the withdrawal.

How to Apply

  1. Contact your solicitor

    They’ll handle the legal process and liaise with your KiwiSaver provider.

  2. Complete the application form

    Your provider will give you this form to complete.

  3. Provide supporting documents

    Proof of identity, sale and purchase agreement, and proof of eligibility.

  4. Submit before settlement

    Apply well in advance (at least 10 working days before settlement is recommended).

  5. Funds are transferred

    Your provider pays the funds to your solicitor, who uses it for your purchase.

Boost Your Deposit Even More

You can combine your KiwiSaver First Home Withdrawal with the First Home Grant from Kāinga Ora. If eligible, you could get up to $5,000 for an existing home or up to $10,000 for a new build.

Learn About the First Home Grant

Common Questions

Ready to Make Your Move?

Start your KiwiSaver withdrawal process early to make sure your funds are ready when you need them.

Download Withdrawal ChecklistTalk to Your KiwiSaver Provider