Eligible members can withdraw their KiwiSaver savings (including tax credits). However at least $1,000 must remain in their KiwiSaver account.

You must intend to live in the property. It cannot be used to buy an investment property.

If you are a member of a complying fund, you may be able to withdraw your savings to help you buy your first home. Not all complying funds permit withdrawals for this purpose, so you will need to discuss this with the trustees of your complying fund.

What do I need to do to apply for a first-home withdrawal?

First-home buyer

If you are a first-home buyer, please contact your KiwiSaver provider or complying fund provider to apply. You do not need to apply for this through Kāinga Ora - Homes and Communities.

Previous home owner

If you are a previous home owner, you will still need to apply through your scheme provider; however Kāinga Ora will initially need to determine whether you are a qualifying person. If you are deemed to be in the same financial position as a first home buyer, the letter produced by Kāinga Ora will need to be forwarded to your KiwiSaver scheme provider, to assist with your application to withdraw your KiwiSaver contributions.

The withdrawal is administered by the KiwiSaver scheme provider or relevant complying fund manager and if approved the payments of the funds will be paid to your solicitor on or before settlement day.

Kāinga Ora is only involved in the savings withdrawal if you have previously owned a home or land. If you currently own a home, land or have a share in a property, you will not be eligible for this feature (this does not include ownership of Māori land).

Get your application started(external link).

You can talk to your employer, check any statements you may have received from your provider, or talk to Inland Revenue on 0800 549 472.

If you are not a member of KiwiSaver and would like to join, either call 0800 549 472 or visit www.ird.govt.nz/kiwisaver(external link) or go to www.sorted.org.nz(external link) for further information on KiwiSaver.

Page updated: 19 September 2022