- You’ve been a KiwiSaver member for at least three years
- You’re buying a house or land in New Zealand
- You intend to live in the property as your main home
- You’ve not previously used your KiwiSaver to buy a home or land
In addition, you must meet one of the following:
- You have never owned a home or land before
- You no longer own any property and have a determination letter from Kāinga Ora confirming your eligibility as a previous home buyer
If eligible, you can withdraw your employee, employer, and government contributions, plus any investment returns - leaving a minimum balance of $1,000 in your account (plus any Australian Super or QROPS transfers, which can’t be withdrawn).
Step 1: Download your First Home Withdrawal Quote
Log in to the
Simplicity member app, go to Forms/Documents, and download your
First Home Withdrawal Quote. This shows how much you can withdraw and is often required by your lender. Note - a letter will not be generated if our records indicate you are ineligible (either because you have been in KiwiSaver for less than 3 years, or you have previously made a first home withdrawal.)
Step 2: Complete the First Home Withdrawal Form
When you have a sale and purchase agreement, log in to your account, go to Forms/Documents, and download the appropriate
First Home Withdrawal Form (Depending on whether you need the funds to put towards a deposit or settlement). Email the completed form and supporting documents to us at
info@simplicity.kiwi at least 10 working days before you need the funds. The form outlines all required documents.