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Kiwisaver/Homestart

Did you know that there are two ways Kiwisaver can help you into your first home? Whether you are buying your first home or have already owned a home previously but are in the same position as a first home buyer, we can meet with you and discuss your KiwiSaver and Housing New Zealand Subsidy eligibility, and assist you from start to finish with your applications to both HNZC and KiwiSaver.

Homestart Grant

  • After three years of regularly contributing to KiwiSaver, you may be entitled to the HomeStart grant. You must have contributed at least the minimum allowable percentage of your total income.

  • You can apply for the HomeStart grant or pre-approval if you have belonged and contributed to a KiwiSaver scheme, complying fund or exempt employer scheme for at least three years.

  • If you are purchasing an existing/older home, the HomeStart grant is $1,000 for each year of contribution to the scheme from a minimum of $3,000 (3 years contribution) to a maximum of $5,000 (5 years contribution)

  • If you are purchasing a new home, a property bought off the plans or land to build a new home on, the HomeStart grant is $2,000 for each year of contribution to the scheme, with a minimum of $6,000 (3 years contribution) and a maximum of $10,000 (5 years contribution)

  • If you are purchasing land to build a new home on, there is a maximum amount the combined land and new home can cost. The are also other eligibility criteria to meet. The minimum Homestart grant is $6,000 (3 years contribution) and a maximum of $10,000 (5 years contribution.

Kiwisaver first home savings withdrawal

  • If you have been a member of KiwiSaver for at least three years, you may be able to withdraw all, or part, of your savings to put towards buying your first home. Not all funds permit withdrawals for this purpose, so you will need to discuss this with the trustees of your fund.
  • You must retain at leat $1,000 in your Kiwisaver account.
  • You must intend to live in the property. It cannot be used to buy an investment property.

Even if this is not your first home, you may be eligible for a first home withdrawal if you meet certain criteria. Click here to check your eligibility.

Our people

Find out about the members of our Kiwisaver/Homestart team:

  • James Cambridge

    James Cambridge

    Partner

    Full profile...

  • Laurie Wilkes

    Laurie Wilkes

    Consultant

    Full profile...

  • Heather Condon

    Heather Condon

    Law Clerk

    Phone: 03 211 2141

    Email: Heather Condon

  • Ashleigh McDonald

    Ashleigh McDonald

    Law Clerk

    Phone: 03 211 0925

    Email: Ashleigh McDonald