Can I use KiwiSaver to buy my first home?
KiwiSaver is a work-based savings initiative where regular contributions are made from your pay and employer. Designed to be a hassle-free way to save for your retirement, you may also be able to withdraw your savings to put towards purchasing your first home. The rules and regulations regarding KiwiSaver were changed this year, so stay up-to-date and read the KiwiSaver guidelines below:
- You must intend to live in the home for six months
- KiwiSaver member for at least 3 years
- You can’t withdraw it all
- Be purchasing your first home