If you have been in, and contributing, to KiwiSaver for a minimum of 3 years, you may be eligible to use the funds in your investment towards your deposit for your home. The main purpose of the KiwiSaver first home buyers withdrawal is for first home buyers. However, you may also be eligible to access funds under the “second chance home buyers” exception if it is not your first home.
First Home Buyers may also be eligible for the government grant which can add a further $1,000 per year you have been invested – up to a maximum of $5,000 for the purchase of an existing home, or $2,000 per year you’ve been invested – up to a maximum of $10,000 for new build/construction properties.
