Using KiwiSaver to buy your first home

FAQ Accessing KiwiSaver to buy your first home

• You must have been a KiwiSaver member for 3 years or more

• For purchase of your first home, not an investment property

–    Property can either be bare land (without a house) which you intend to build your home on

KiwiSaver funds only applies to buying land not towards future costs of building the house

Q          How Much can I withdraw?

A          You may be able to withdraw the current value of your member contributions, employer

            contributions, return on investment and any member tax credits

            Provided you leave a minimum balance of $1000 in your KiwiSaver

Q          I have transferred my Australian Super into KiwiSaver, can I access that to buy my first

            home?

A          No, you cannot access your Australian Super to buy your first home

Q          Am I eligible for a home start grant?

A          Follow this link to find out if you are eligible for a home start grant

https://www.hnzc.co.nz/ways-we-can-help-you-to-own-a-home/kiwisaver-homestart-grant-and-savings-withdrawal/kiwisaver-homestart-grant/

Q          I have owned a home before but no longer have an interest or share in the property, can I still

            access KiwiSaver?

A          In some circumstances you may still be eligible to access your KiwiSaver. Contact Housing

            New Zealand to find out if you are eligible https://www.hnzc.co.nz

            You may be eligible if Housing New Zealand accepts that you are in the same financial

            position as would be expected if you have never owned a property in the past.

Q          Can I use KiwiSaver to buy our first home even if my spouse isn’t with KiwiSaver or is

            enrolled in another workplace scheme?

A          Yes, you can withdraw KiwiSaver even if your spouse is not a member.  Contact your

KiwiSaver Scheme Provider or  your adviser for assistance

Q          Can I use my KiwiSaver to buy our first home jointly with friends or family?

A          If you will be buying property together for the purpose of living in that property then you could

            combine your KiwiSaver to purchase your first home. 

Contact your KiwiSaver Scheme Provider or  your adviser for assistance

To apply for a first home withdrawal or to request a Withdrawal Estimate Letter

contact your KiwiSaver Scheme Provider or your Adviser click here to contact your Adviser

Kind Regards
Brendon White
The Certus Team

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