How do I withdraw money for my first home?

Get in touch early if you are considering withdrawing for your first house so we can confirm you are eligible and we can process your application before you settle on your property.

You can withdraw most of your KiwiSaver balance to purchase a home if:

  • You have been a KiwiSaver member for over three years;
  • You intend to live in the home (rather than rent it out); and
  • You have not previously purchased a home

You will be able to withdraw the balance of your account leaving a minimum balance of $1,000 in your account as well as any Australian-sourced superannuation.

It will take us at least 10 working days to process your application and we are unable to process applications after you have already settled on your house - we need to approve your withdrawal before you settle.

When you start looking for a house, we recommend getting in touch with us so that we can confirm you are eligible, confirm the balance you will be able to withdraw and understand your timeline.


Create your kōura portfolio now!