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Second Chance KiwiSaver Withdrawals?




You can still withdraw your KiwiSaver for a home purchase even if you have owned property before - provided you look like a first home buyer.



How to get approval to withdraw your KiwiSaver

  1. The first thing you need to do is get approval from Kāinga Ora. There is an online application to do this (that is hard to find) but you can get to it here. https://hera.power-business.co.nz/kaingaora/First_Home.nsf

  2. Once you have approval you can then apply to your KiwiSaver provider for a withdrawal confirmation and you’re ready to go. Simple.

A quick recap on KiwiSaver and the First Home Grant

To be eligible to withdraw some or all of your KiwiSaver you must:

  • have been a KiwiSaver scheme member for at least three years;

  • be planning to live in the house for at least six months, and

  • be buying your first home, or look like a first home buyer (as explained above).

To be eligible for the HomeStart Grant you must:

  • have contributed at least 3% of your income to a KiwiSaver scheme for at least three years

  • be planning to live in the house for at least six months,

  • have a single income under $85,000 or a combined yearly income of $130,000 or less (before tax) two buyers,

  • be buying a house under $600,000 (or building new for under $650,000) in Auckland, $500,000 in other major metropolitan areas, and $400,000 across the rest of New Zealand.


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