The Mortgage Supply Company

Using KiwiSaver


Using KiwiSaver

Money from your KiwiSaver account, investment, savings or monies can be put towards the deposit for your first home.

Accessing your investment in KiwiSaver

If you are a member of KiwiSaver, you can withdraw funds from your KiwiSaver account to put towards the purchase of your first home.

The criteria you have to meet are:

  • You need to have made contributions of at least 3% of your income for three years.
  • You have to be purchasing your first home, not an investment property.
  • Including your KiwiSaver withdrawal, you need to have a minimum of 10% deposit.

The rules around withdrawals have changed – you can now withdraw funds from your KiwiSaver account to put towards your initial deposit, and you can withdraw all but $1000 of your KiwiSaver balance if necessary.

If you transferred money from an Australian superannuation scheme to your KiwiSaver account, you can’t withdraw that money to purchase a home.

As a KiwiSaver member you also may be eligible for a First Home grant. Check out our Government Assistance page for more information.

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