Get into your first home faster with KiwiSaver

You may be able to withdraw savings from your KiwiSaver account to help you buy or build your first home.

How to make a withdrawal from KiwiSaver

You could withdraw some or all of your KiwiSaver savings to help you buy or build your first home . Learn more about the withdrawal process.

1. Find out if you're eligible
You can apply for a first home withdrawal once you've been a member of a KiwiSaver scheme for three years. You'll need to live in the home you’re buying, or buying land to build a home you'll live in.

2. Request an estimate
If you're already a BNZ KiwiSaver Scheme member, you can request an estimate of the amount of funds you could withdraw towards your first home purchase.

3. Apply 
Complete the BNZ KiwiSaver Scheme home purchase withdrawal application form PDF 165KB. Drop the completed form and  the accompanying documentation into a BNZ store or post it to Freepost BNZ KiwiSaver Scheme, Private Bag 92208, Auckland 1142, New Zealand. Once we've received your request, it will take 10 business days to process.

 

 

Make your money stretch even further with a HomeStart grant

You could also be eligible for a KiwiSaver HomeStart grant from Housing New Zealand. You could get $1,000 for every year you’ve been contributing, up to a maximum of $5,000. Or, if you’re buying a newly-built house, a house off the plans, or land to build a new house, you could qualify for twice the amount of benefit – $2,000 for each year you’ve been contributing, up to a maximum of $10,000.

Find out more and apply at hnzc.co.nz

First home buyers fund

The BNZ KiwiSaver Scheme has a fund  just for first home buyers. It aims to achieve relatively stable returns over the short to medium term, for those who are planning to withdraw their savings within the next three to five years.

Join or transfer to the BNZ KiwiSaver Scheme or compare funds

More ways you can get your deposit together

Saving a deposit for your first home may seem daunting, we're here to help. There are lots of ways you can get your deposit together, in addition to withdrawing your KiwiSaver funds, including saving and being gifted funds by relatives. 

Request a withdrawal estimate

Leave your details and we’ll call you to talk through your home loan options, and email you an estimate of the funds you have available to withdraw from your BNZ KiwiSaver Scheme fund.

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Small Print

BNZ Investment Services Limited, a wholly owned subsidiary of BNZ, is the Issuer and Manager of the BNZ KiwiSaver Scheme. Download a copy of the BNZ KiwiSaver Scheme Product Disclosure Statement PDF 1.5MB, or pick up a copy from a BNZ store.

Investments made in the BNZ KiwiSaver Scheme do not represent deposits or other liabilities of BNZ or any other member of the National Australia Bank Limited group, and are subject to investment risk, including possible delays in repayment and loss of income and principal invested. None of BNZ, any other member of the National Australia Bank Limited group, the Supervisor, any director of any of them, the Crown or any other person guarantees (either fully or in part) the performance or returns of the BNZ KiwiSaver Scheme or the repayment of capital. 

BNZ Authorised Financial Advisers' Disclosure Statements are available on request and free of charge.