Withdrawing your KiwiSaver savings early

While KiwiSaver was primarily designed to help Kiwis build a nest egg for retirement, there are some circumstances - like buying your first home - where you might be able to access your savings early.


Using your KiwiSaver savings to buy your first home

If you’re looking to buy your first home, your KiwiSaver savings could help. Learn how you can use KiwiSaver to buy your first home or if you’re ready to buy your first home, find out how to make a KiwiSaver first home withdrawal.


Financial hardship

You might be eligible for an early withdrawal if you’re facing significant financial hardship. This includes being unable to meet your minimum living expenses. It also includes circumstances like modifying your home to meet the needs of a dependent family member with a disability.

If you're facing significant financial hardship, please go to our guide on accessing your savings for financial hardship to see if you could be eligible and for information on the withdrawal process.

Find out more


Permanent emigration

If you’re leaving New Zealand, you might be able to access some or all of your KiwiSaver savings - depending on your destination.


Permanently leaving for Australia? Once you’re there, you can apply to transfer your KiwiSaver savings to an Australian complying superannuation fund. The transferred amount will include all your contributions, your employer contributions, any Government contributions and any investment returns.

Just note, Australian entry taxes may apply to transfers in excess of A$150,000 from KiwiSaver to Australian complying superannuation schemes. It’s wise to get investment and tax advice before making a decision about a transfer.

Beyond Australia

If you’re permanently leaving New Zealand for anywhere other than Australia, you can apply to withdraw your KiwiSaver savings one year after leaving New Zealand.

The amount you get will include any Government kick-start, your contributions, your employer contributions and any investment returns. It won’t include any annual Government contributions (which are returned to the Government) or any amount transferred from an Australian complying superannuation fund (which will stay in your KiwiSaver account).

For more information about the permanent emigration withdrawal process call us on 0800 ASB RETIRE (0800 272 738) or +64 9 306 3000 if calling from overseas or email retire@asb.co.nz.


Serious illness

If you’re seriously ill, are injured or become disabled and can no longer work, you can apply to withdraw all of your KiwiSaver savings. You’ll need to supply medical evidence to support your application.

Please call us on 0800 ASB RETIRE (0800 272 738) to talk to us about your circumstances and the withdrawal process.


Life-shortening Congenital Conditions

If you were born with a life-shortening condition, you may be able to elect an early retirement age and begin to withdraw your savings before you turn 65.

This withdrawal option is only available to KiwiSaver members who suffer from certain congenital conditions. Please call us on 0800 ASB RETIRE (0800 272 738) to talk through your circumstances and the withdrawal process.

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0800 ASB RETIRE (0800 272 738)

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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.business.govt.nz/disclose (search for ASB KiwiSaver Scheme).

ASB KiwiSaver Scheme Withdrawing your KiwiSaver savings early