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KiwiSaver First Home Withdrawal

Saving for a deposit in New Zealand can be tough. Fortunately, if you’re a member of a complying fund, you may be entitled to withdraw your savings to put towards your first home.

If you meet the criteria and have been contributing for at least three years, you can withdraw all but $1000 from your account to contribute towards a deposit or part of the settlement amount.

Saving for a deposit in New Zealand can be tough. Fortunately, if you’re a member of a complying fund, you may be entitled to withdraw your savings to put towards your first home.

If you meet the criteria and have been contributing for at least three years, you can withdraw all but $1000 from your account to contribute towards a deposit or part of the settlement amount.

Conditions for Withdrawal

The house must be intended to live in and not a rental property.

The house must be in New Zealand.

You must not have made a withdrawal from your KiwiSaver for this purpose before.

KiwiSaver HomeStart Grant

If you qualify for a KiwiSaver HomeStart grant, you could even get access of up to $5,000 for the purchase of an existing home or up to $10,000 for the purchase of a brand-new home, or the land on which a new house will be built.

If you would like to use KiwiSaver for your first home, request a free meeting with a Haven adviser. We can even help you find the right mortgage!

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