How to buy your first home using KiwiSaver cash

If you’re buying your first home, your KiwiSaver money might be part of your deposit. But how can you withdraw this money?

Do I qualify to withdraw my KiwiSaver money for my first home?

You might qualify to withdraw your money if:

  • You’ve been a member of a KiwiSaver scheme or complying superannuation fund for at least three years.
  • You haven’t made a withdrawal before to help buy a home.
  • You don't currently own any real estate

What do I do first?

Contact your KiwiSaver provider first. They are there to help you. They’ll talk you through the process, let you know how much you can withdraw, and how long it will take for the application to be processed. Each provider has their own application form and timelines, so be aware of those.

Are there any reasons I wouldn’t qualify to withdraw?

You won’t qualify if:

  • You haven’t been a KiwiSaver member for at least three years.
  • You currently own all or part of some real estate like a section, or other property.
  • You’ve previously withdrawn KiwiSaver savings to help with a house.
  • You’re selling and buying property at the same time, to move up the property ladder.
  • You own investment property, but want to use the KiwiSaver money to buy your own home.
  • You purchase a half-share of property you currently have an interest in (such as a property subject to a marital split).
  • The property is being purchased by a family trust, not a person.
  • You’re a previous home-owner, but have a significant amount of realisable assets, which means the withdrawal rules treat you as being in a different financial position to a first-home buyer.

Can I purchase an investment property with my KiwiSaver money?

No. The property must be the main place where the KiwiSaver member, or the member and their family members, live.

Information correct as at May 2021. Pie Funds Management Limited is the issuer and manager of the JUNO KiwiSaver Scheme. Click here for our Product Disclosure Statement. Any advice is given by Pie Funds Management Limited, and is general only. It relates only to the specific financial products mentioned and does not account for personal circumstances or financial goals. Please see a financial adviser for tailored advice. You may have to pay product or other fees if you act on any advice. As manager of the Scheme we receive monthly fees that are determined by your balance and whether you are 13 years or over. We will benefit financially if you invest in our products. We manage any conflicts of interest via an internal compliance framework designed to ensure we meet our duties to you. For information about the advice we can provide, our duties and complaint process and how disputes can be resolved, visit All content is correct at time of publication date, unless otherwise indicated. Past performance is not a guarantee of future returns. Returns can be negative as well as positive and returns over different periods may vary. Please let us know if you would like a hard copy of this disclosure information.