Saving for your first home

While KiwiSaver is mainly about saving for your retirement, there are 2 benefits for KiwiSaver members who are saving for their first home.

Benefits for first home buyers

There are 2 benefits for KiwiSaver members who are about to purchase their first home:

If you've owned a home before

If you've owned a home before, you may still be eligible for these benefits if you're in the same financial situation as a first home buyer. To find out more, visit the Housing New Zealand website or call them on 0508 935 266.

After you've bought your home

Once you've made a withdrawal from your KiwiSaver account to purchase your first home, you'll remain a KiwiSaver member. You can:

  • keep making contributions as usual, or
  • take a savings suspension if you need a break from contributing to KiwiSaver to focus on repaying your mortgage.

You'll be able to withdraw the rest of your KiwiSaver money when you qualify for NZ Super (currently 65).