Buying your first home with KiwiSaver

KiwiSaver First Home Withdrawals

If you have never owned a home and you have been a KiwiSaver member for at least three years, you may be able to use your KiwiSaver savings to help buy your first home.

You can withdraw some or all your contributions (including any Employer and Government contributions), except for a minimum of $1,000 which needs to stay in your KiwiSaver account, and any funds you may have transferred over from an Australian superannuation fund.

While KiwiSaver first home withdrawals are generally reserved for first time buyers only, there are some cases where previous home-owners can apply for a ‘second chance’ withdrawal – see details here.

How to apply for a first home withdrawal?

Download and fill out the First Home Purchase Withdrawal Form.

Eligibility criteria for first home withdrawal:

  • You have been in KiwiSaver (or a complying superannuation fund) for at least three years.
  • You have not made a withdrawal from KiwiSaver to purchase a home or land before.
  • You intend to live in the home, or in the house you will build on the land you have purchased.
  • You must be a first-time buyer or have a determination from Kainga Ora to be in the same financial position as a first-time home buyer. For more information please click here.

Your withdrawal checklist:

1. Check you are eligible to make a first home withdrawal.

2. Complete the First Home Purchase Withdrawal Form.

3. If you are applying for a ‘second chance’ withdrawal, please attach Confirmation of Eligibility Letter from Kainga Ora.

4. Enclose certified copy of your ID and a copy of current proof of address.

5. Enclose a copy of the Sale and Purchase Agreement.

6. Sign and date the Statutory Declaration in front of an approved person.

7. Have your solicitor complete the Solicitor’s Certification Letter.

8. Return the form and documents listed above to us via email at Please note, we do not require the originals.

Please submit your application including the information listed above at least 10 working days before the settlement date or the day you require the funds. We are unable to process the withdrawal after your settlement date has passed.

Note: If you were residing overseas for a period during your KiwiSaver membership, you may have received Government Contributions that you were not eligible for. If this is the case, these government contributions may need to be repaid to the IRD and can reduce the amount you can withdraw. If you have resided overseas, please allow an additional 10 working days for IRD to claw back any government contributions you may have not been eligible for.

First home eligibility letter

You can download the first home eligibility letter through your Generate online account, under ‘My Details’.

*If you have forgotten your password or have never logged in before, please click at “Forgotten your password”, follow the instructions and email login instructions will be emailed to you.

Second chance withdrawals

If you are a previous homeowner but have not made a KiwiSaver first home withdrawal previously, you may be eligible for a second chance home withdrawal.

To apply for a second chance home withdrawal, you need to meet the criteria for first home withdrawal as listed above, and you will also need approval from Kainga Ora confirming that your financial situation is similar to a first home buyer.

To apply for approval from Kainga Ora, click here.

Once approved by Kainga Ora, provide their approval letter to us, along with the other documents listed above. We also recommend that you consult with your solicitor or your conveyancing practitioner regarding your eligibility.

First Home Grant

If you are a first-time home buyer, or a previous homeowner and you have been making regular KiwiSaver contributions for 3-5 years, you may be eligible for a First Home Grant of up to $10,000.

You can apply for the first home grant through Kainga Ora. For more information regarding how to apply, click here.


If you have any questions, please contact us and we would be happy to help.

You can call us on 0800 855 322 or email us at