Buying your first home with KiwiSaver

With the ASB KiwiSaver Scheme, you could get into your first home sooner than you think.

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KiwiSaver has helped many Kiwis into their first home. If you're thinking about getting on the property ladder, here's how KiwiSaver could help.


Am I eligible?

You’ll be eligible for a KiwiSaver first home withdrawal if:

  • You've been saving with KiwiSaver (or another complying superannuation fund) for at least three years;
  • The property or land is in New Zealand.
  • It's the first time you've made a KiwiSaver withdrawal to buy a home;
  • You're going to live in the home you're buying or build a home to live in on the land you're buying;
  • You're a first-time property or land owner or
  • You have previously owned a home before and have qualified as a previous home owner through Kāinga Ora. For more information visit Kāinga Ora's website or call them on 0800 801 601.

If you've got a partner who has previously owned a home but you haven’t, you can still apply for the withdrawal.


How much can I withdraw?

    If you meet the eligibility criteria, you can withdraw your KiwiSaver savings, except for:

    - $1,000 and

    - Any amount transferred from an Australian complying superannuation fund.

    Find your KiwiSaver balance

    If you're not quite ready to buy your first home, try our calculator to see how your KiwiSaver savings could grow for your future first home withdrawal.

    Calculate now

Need a first home withdrawal balance estimate? Contact us or send us an enquiry for one today.


Kāinga Ora First Home Grant

You could be eligible for a Kāinga Ora First Home Grant of up to $5,000 to buy an existing home, or up to $10,000 if you are building or purchasing a newly built home. If you're doing this with someone else and they're eligible, you could get up to $20,000 between you (for building or buying a newly built home). Kāinga Ora administer this grant.

You can check with Kāinga Ora to see if you are eligible. Income caps, house price caps and other criteria apply.


Ready to buy?

We'll need your completed ASB KiwiSaver Scheme First Home Withdrawal Form at least 10 working days before you need the funds.

If you've already settled on house or land, you won't be eligible for the KiwiSaver first home withdrawal as you'll already be a home or landowner.

How to apply

Join or transfer to the ASB KiwiSaver Scheme

Join or transfer

Ready for the next step? Join or transfer and start saving.

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Call us

Speak to a KiwiSaver specialist.

0800 ASB RETIRE (0800 272 738)

Visit a branch

Visit us at one of our many branches across New Zealand.

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Any questions?

We’ll help with your ASB KiwiSaver Scheme query.

Ask us now

Other helpful guides

Interests in the ASB KiwiSaver Scheme (Scheme) are issued by ASB Group Investments Limited, a wholly owned subsidiary of ASB Bank Limited (ASB). ASB provides Scheme administration and distribution services. No person guarantees interests in the Scheme. Interests in the Scheme are not deposits or other liabilities of ASB. They are subject to investment risk, including possible loss of income and principal invested. For more information see the ASB KiwiSaver Scheme Product Disclosure Statement available from this website and the register of offers of financial products at www.disclose-register.companiesoffice.govt.nz (search for ASB KiwiSaver Scheme).

ASB KiwiSaver Scheme Buying your first home with KiwiSaver