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