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 our 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 121KB. Drop the completed form and  the accompanying documentation into a BNZ branch 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 First Home grant

You could also be eligible for a KiwiSaver First Home grant from Kāinga Ora – Homes and Communities. 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

First home buyer fund

The BNZ KiwiSaver Scheme has a fund designed 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 

Compare our 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.