Do you want to buy your first home?

Have you been a member of KiwiSaver for at least three years?

Did you know that after three years you can withdraw all but the Government’s contributions from your KiwiSaver and use them to buy your first home?

Did you know you can also get a First Home Deposit subsidy of $1,000 per year of Kiwisaver membership from Housing New Zealand?

Do you want to know more? Email your name and phone number to This email address is being protected from spambots. You need JavaScript enabled to view it. or ring us on 07 578 3863.

KiwiSaver Savings withdrawal to buy your first home

You may be able to withdraw some or all of your KiwiSaver savings (except for the $1,000 kick-start and member tax credit) to put towards buying your first home.

And you and your partner can combine funds to get access to more money.

Some complying funds don't allow you to withdraw your savings for your first home. If you're a member of a complying fund and want to use your savings for your first home withdrawal you'll need to check with your provider to see if they offer this.

Making a first-home withdrawal

You must have been a KiwiSaver member or member of a complying fund for three or more years. You can only withdraw money to buy your first home - not an investment property.

If you have owned a home before, in some circumstances you may still be eligible to withdraw your savings. Your scheme provider may require you to contact Housing New Zealand to determine if you're in the same financial position as a first home buyer.

To read more on Housing NZ Website click here

First home deposit subsidy

After 3 years of contributing to KiwiSaver, you may be entitled to a first home deposit subsidy. The subsidy is administered by Housing New Zealand. This subsidy will be paid to your solicitor on the day the purchase of the property is settled.

What the deposit subsidy is worth

The first home deposit subsidy is $1,000 for each year you've been contributing to KiwiSaver, up to a maximum of $5,000 for five years.

If you're a couple buying a house together and you both qualify for a subsidy, you could receive a combined subsidy of up to $10,000.

Getting a deposit subsidy

To be eligible for the first home deposit subsidy, you must:

• have contributed at least 2% of your income to a KiwiSaver scheme, or a complying superannuation scheme, for at least 3 years
• be buying your first home*
• be planning to live in the house for at least 6 months.

Income and house price caps will apply.

* If you've owned a home before, in some circumstances you may still be eligible for the first home deposit subsidy. Housing New Zealand will need to determine that you are in the same financial position as a first home buyer.

Did you know you can buy a house with as little as 5% of the purchase price?

Do you want to know more? Email your name and phone number to This email address is being protected from spambots. You need JavaScript enabled to view it. or ring us on 07 578 3863.