Buying Your Home With KiwiSaver

It’s fantastic to see so many New Zealanders now taking advantage of their KiwiSaver funds to get them into home ownership.

KiwiSaver has two fantastic features to help you buy your first home or land to build on. The KiwiSaver First Home Deposit Subsidy, and the KiwiSaver First Home Withdrawal. 

KiwiSaver First Home Withdrawal

After three years membership of a KiwiSaver scheme, or complying scheme you may be able to withdraw all, or part, of your savings (but not the government contributions) to put towards buying your first home.

KiwiSaver First Home Deposit Subsidy

You can apply for the first home deposit subsidy if you have belonged and contributed to a KiwiSaver scheme, complying scheme or exempt employer scheme for at least three years.

The subsidy is $1,000 for each year of contribution to the scheme, up to a maximum of $5,000, after you have contributed for five years.

Even if you are not in KiwiSaver now, but have plans for home ownership in 3-5 years, then you should consider the benefits KiwiSaver can offer towards saving for your first home.

Eligibility Criteria Apply.