Get into your first home with KiwiSaver. KiwiSaver could help you make your goal of buying your first home a reality.
KiwiSaver first-home withdrawal
If you’ve been a contributing member of KiwiSaver for at least three years, you may be able to withdraw your KiwiSaver to put towards your first home.
Check the criteria to see if you're eligible:
- You’ve been a contributing member of KiwiSaver for at least three years
- You’re intending to live in the property (KiwiSaver cannot be used to buy an investment)
- You must leave a minimum balance of $1,000 in your KiwiSaver account
- The property is located in New Zealand
If you currently own land, a home, or have a share in a property, you won’t be eligible.
Home loan calculator
Use the Fisher Funds first home calculator to see how your KiwiSaver balance might be in future.
Applying for your KiwiSaver first-home withdrawal
It can take time for your application to be processed, so we recommend contacting Fisher Funds well in advance to find out what you will need to do to start the ball rolling. Fisher Funds will be able to give you an indication of the amount you will be able to withdraw to contribute towards your deposit. All documentation needs to be with Fisher Funds at least 10 working days before your settlement date.
- Once you have found a home you want to buy, let your solicitor know you want to use funds from your KiwiSaver account to help with the purchase.
- Contact Fisher Funds about applying for a first-home withdrawal and complete the Fisher Fund’s withdrawal form.
- Take the Fisher Fund’s withdrawal form to your solicitor to complete then send it back to Fisher Funds with:
- A copy of your certified ID;
- Your Sale and Purchase agreement;
- Your Solicitor’s letter; and
- A deposit slip for your Solicitor’s trust account.
If you, and the property you intend to purchase, meet all of the criteria, the funds will be transferred to your solicitor’s trust account prior to settlement and will be paid to the vendor as part of the purchase price for an unconditional sale, or as the deposit (or part of it) if that is a condition of your sale and purchase agreement. If the agreement isn’t completed, then your solicitor will pass the funds back to Fisher Funds to be reinvested in your KiwiSaver account.
First home
Buying your first home? Our friendly team will guide you through the process.
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Join or transfer
Joining or transferring is easy. As long as you're living in New Zealand and you’re a New Zealand citizen (or entitled to permanent residence), you're eligible to join the Fisher Funds KiwiSaver Scheme. Fill out our online form and one of the team will be in touch to get things moving.
Already a TSB customer?
You can apply to join or transfer to the Fisher Funds KiwiSaver Scheme through online banking. It’s quick and easy - simply click ‘Apply’ to get started, and then choose ‘KiwiSaver’ from the available options.
Already with Fisher Funds?
If you didn’t enrol in the Fisher Funds KiwiSaver Scheme through us and would like to be able to access your Fisher Fund account details through your TSB online banking or mobile app, complete and return the Information Authority Form so that Fisher Funds can share your account details with us. This will allow you to see your KiwiSaver month-end account balance when you log in to online banking or your TSB app.
Important information
Fisher Funds Management Limited (‘Fisher Funds’) is the Issuer and Manager of the Fisher Funds KiwiSaver Scheme (‘Scheme’). TSB distributes the Scheme on behalf of Fisher Funds but is not an issuer of the Scheme. You can download a copy of the Product Disclosure Statement or pick up a copy from any branch.
Investments in the Scheme are not deposits or other liabilities of TSB. Neither TSB nor any other person guarantees (in part or full) interests in the Scheme (including the repayment of any capital value or the performance of any investment in the Scheme). Interests in the Scheme are subject to investment risk including possible loss of income and principal invested.
Eligibility criteria, terms and conditions and fees apply. See KiwiSaver account fees explained for more details around the different types of fees that are charged by Fisher Funds.