Can I use my KiwiSaver to buy a first home?
Yes. If you have been a KiwiSaver member for at least three years, you can withdraw most of your savings to put towards a first home, as long as you leave a minimum of $1,000 in your account and you intend to live in the property (Kāinga Ora; Inland Revenue). Here is who qualifies, how much you can take, and the steps.
Who qualifies
You generally qualify if you are buying your first home and have been contributing to KiwiSaver for at least three years. People who have owned a home before may still qualify if Kāinga Ora considers them to be in the same financial position as a first home buyer.
How much you can withdraw
You can withdraw your own contributions, your employer’s contributions, the government contributions and investment returns, leaving at least $1,000 in the account. The exact amount depends on your balance.
The steps to withdraw
You apply through your provider, with your solicitor handling the payment to settlement. It pays to start early, because the process takes time and your money should be in a suitable fund well before you buy.
Choosing a fund as a first home buyer
A short timeframe usually points to a lower-risk fund, so a market dip does not shrink your deposit just before settlement. See the best KiwiSaver fund for first home buyers and check whether you are in the right fund.
Compare KiwiSaver funds and fees on Kāhu.
Frequently asked questions
How long must I be in KiwiSaver to withdraw for a first home?
At least three years.
How much can I take out for a first home?
Most of your balance, leaving a minimum of $1,000 in your account.
Can I use KiwiSaver for a first home if I have owned property before?
Possibly. Previous home owners may qualify if Kāinga Ora considers them to be in the same financial position as a first home buyer.
Kāhu provides general information, not personalised financial advice. Kāhu is a KiwiSaver comparison and switching platform operated by Financial Advice NZ Limited, a licensed Financial Advice Provider (FSP1009051). The figures here are general and current as at June 2026. For advice on your situation, speak to a licensed financial adviser.