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 member of KiwiSaver for at least three years, you may be able to withdraw your KiwiSaver money to put towards your first home. When making a first home withdrawal you’ll need to leave a minimum balance of $1,000 in your KiwiSaver account.

Check the criteria to see if you're eligible:

  • You’ve been a member of KiwiSaver for at least three years; and
  • Have not made a withdrawal from your KiwiSaver account for the purchase of a home before; and
  • You’re intending to live in the property you purchase (KiwiSaver cannot be used to buy an investment property); and
  • You haven’t owned a home before (or have confirmation from Kāinga Ora that you are eligible to apply for a second home purchase); and
  • The property is located in New Zealand.

If you have owned a property or land before and your financial position is considered the same as a first home buyer, you may be able to apply to Kāinga Ora to be considered for a withdrawal as a ‘previous homeowner’ home buyer. Visit Kāinga Ora’s website for more information.
 

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 how to get started. They will be able to give you an indication of the amount you can withdraw to contribute towards your first home. All documentation needs to be with Fisher Funds at least 15 working days before your settlement date.

  1. 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.
  2. Contact Fisher Funds about applying for a first-home withdrawal and complete the Fisher Funds withdrawal form.
  3. Take the 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 and will be paid to the vendor as part of the purchase price or as the deposit (or part of it). If the agreement isn’t completed, then your solicitor must 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.

Buying your first home

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Join or transfer

Joining or transferring is easy. You’re eligible to join the Fisher Funds KiwiSaver Plan as long as you're:

  • a New Zealand citizen (or entitled to live in New Zealand indefinitely), and
  • living or normally living in New Zealand (or a state services employee serving outside New Zealand).

Fill out our online form and one of the team will be in touch to get things moving. 

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Already a TSB customer?

You can apply to join or transfer to the Fisher Funds KiwiSaver Plan through online banking. It’s quick and easy - simply click ‘Apply’ to get started and then choose ‘KiwiSaver’ from the available options.

Apply through Online Banking

Already with Fisher Funds?

If you have already joined the Fisher Funds KiwiSaver Plan or Fisher Funds KiwiSaver Scheme and would like to access your 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 account balance when you log in to online banking or your TSB app.

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Important information

Fisher Funds Management Limited (‘Fisher Funds’) is the Issuer and Manager of the Fisher Funds KiwiSaver Plan (‘Plan’). TSB distributes the Plan on behalf of Fisher Funds but is not an issuer of the Plan. You can download a copy of the Product Disclosure Statement or pick up a copy from any branch.  

Investments in the Plan are not deposits or other liabilities of TSB. Neither TSB nor any other person guarantees (in part or full) interests in the Plan (including the repayment of any capital value or the performance of any investment in the Plan). Interests in the Plan 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.