KiwiSaver first home withdrawal

If you’ve been in KiwiSaver for at least three years and you meet the eligibility requirements, you may be able to withdraw some of your KiwiSaver savings to go towards the purchase of your first home.

You can withdraw everything in your account except:

  • $1,000; and
  • Money that has been transferred into your KiwiSaver account from a complying Australian superannuation scheme.

Applying for a first home withdrawal

  • Check to see if you’re eligible to make a withdrawal:

    • You need to have been in KiwiSaver or a complying superannuation fund for at least three years.
    • You’ve never made a withdrawal from KiwiSaver to buy a home or land before.
    • You intend to live in the home you buy or in the house you’ll build on the land you've purchased.
  • If your KiwiSaver account is with Kiwi Wealth, find out how much you can withdraw and how to apply by either:

Find out more at

KiwiSaver HomeStart grant

The KiwiSaver HomeStart grant is paid by the government and administered by Housing New Zealand. Eligibility for the grant is determined by Housing New Zealand. You may be able to apply if you’ve been regularly contributing to your KiwiSaver account for at least three years and you meet the eligibility requirements.

  • If you’re buying an existing home, you could get $1,000 for each year you’ve been contributing, up to a maximum of $5,000.

  • If you’re buying a new home, a proposed home off plans or a land to build a new home, you could get $2,000 for each year you’ve been contributing, up to a maximum of $10,000.

  • You can also purchase your first home with your partner, family or friends. If each of you qualify, this means you could get up to $10,000 for an existing home and up to $20,000 for a new home.

For more information and to see if you meet the eligibility criteria, visit the Housing New Zealand website.

Other helpful stuff

Don't have a 20% deposit?

We may still be able to help even when you don't have a 20% deposit. If you earn under a certain amount, a Welcome Home Loan means you could buy your first home with as little as 10% deposit.

Find out more

Home loan calculators

Use our home loan calculators* to get a quick idea of how much you could afford, what you'll need to save for the deposit, and what your repayments could look like.

Calculate now

Talk to a home loan expert - we're here to help

If you're thinking about getting into your first home, you can talk to one of our home loan experts. They can give you obligation-free advice and guide you through the process and the paperwork right to the end.

Our Mobile Mortgage Managers can come and meet you at a location of your choice and our Banking Consultants are available to talk to at your local Kiwibank branch. If you prefer you can also call our home loan team on 0800 000 654 between 8am and 6pm, Monday to Friday.

Download the Product Disclosure Statement for the Kiwi Wealth KiwiSaver Scheme or pick up a copy from your local Kiwibank.

This information is of a general nature only and is not financial advice. If you want advice regarding your particular circumstances, you should talk to a financial adviser.

Kiwi Wealth Limited is the Issuer and Manager of the Kiwi Wealth KiwiSaver Scheme (the Scheme) and is a related company of Kiwibank Limited. Kiwibank is a distributor but is not an issuer of the Scheme. Investments made in the Scheme do not represent bank deposits or other liabilities of Kiwibank and neither they nor any other person guarantees the repayment of members’ interests in the Scheme or the payment of any earnings or returns on investment in the Scheme. Investments in the Scheme are subject to investment and other risks, including possible delays in payment of withdrawal amounts in some circumstances and loss of investment value.

A minimum deposit of 10% is required for a Kiwibank Welcome Home Loan. A Welcome Home Loan - Lenders Mortgage Insurance fee may apply. KiwiSaver, Kiwibank Limited and Welcome Home Loans terms and conditions (including lending criteria), fees and charges apply. For loans of over 80% of the property’s value, all banks including Kiwibank are subject to Reserve Bank restrictions.

*The calculators should be treated as a guide only. It does not take into account all of your individual circumstances and is not financial advice.