KiwiSaver bill helps first home buyers

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First home buyers will be able to access more of their KiwiSaver funds under a bill that's been passed by parliament. From April 1 they will be able to withdraw the annual member tax credit, as well as their own contributions and those made by their employers.

"Often, the biggest challenge faced by prospective home buyers is pulling together the deposit," Revenue Minister Todd McClay said after the bill had been passed unanimously yesterday.

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