How do I use my KiwiSaver to purchase a first home?
How do I use my KiwiSaver to purchase a first home?
If you've been a KiwiSaver member for a least 3 years and are planning to buy your first home in NZ you may be eligible to withdraw the full amount of employee, employer and government contributions plus any investment returns (leaving $1,000 in the account + any funds transferred from Australian Super).
The first step is to contact our Investor Services team hereand request a First Home Eligibility Letter. This will confirm if you're eligible and how much you can withdraw from your KiwiSaver account - often lenders will ask for this.
The second step can be completed once you've found your first home and your offer to purchase your first home has gone unconditional. At this stage please log in to your online account, go to Forms/Documents in the left-hand menu and download a First Home Withdrawal form. You need to complete and return this to us by email at least 10 working days before you need the funds. The form includes the eligibility criteria and a list of supporting documents that we need to complete the withdrawal.
If you've owned a home previously but are in the same financial position as a first home buyer, you will also need a letter from Kāinga Ora.
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