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.

Fisher Funds First Home Buyers Calculator



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. All documentation needs to be with Fisher Funds at least 10 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 Fund’s withdrawal form.

  3. Take Fisher Fund’s withdrawal form to your solicitor to complete then post it back to Fisher Funds with:

    • A copy of your certified ID;
    • Your Sales 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.



KiwiSaver First Home Grant

If you’ve contributed for three years to your KiwiSaver account you may qualify for a Kāinga Ora – Homes and Communities KiwiSaver First Home Grant of up to:

  • $5,000 if you’re buying an existing home; or
  • $10,000 if you’re buying or building a new home.

First Home Grant criteria

  • You must be 18 years or over

  • Have not received the First Home Grant or KiwiSaver deposit subsidy before

  • You must have contributed regularly to KiwiSaver for a minimum of three years, at least the minimum allowable percentage of your total income

  • Earned $95,000 or less (before tax) in the last 12 months as a sole buyer, or if two or more buyers – a combined income of $150,000 or less (before tax) in the last 12 months.

  • Have a deposit that is 5% or more of the purchase price. This can include the KiwiSaver first home withdrawal, First Home Grant and any other funds such as savings, or a deposit gifted by a relative

The purchase price of the property will also need to be within the regional house price caps. You can learn more about the First Home Grant criteria on the Kāinga Ora – Homes and Communities website.


First Home Buyers




Get started

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.

Apply through Online Banking

If you're an existing 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 enroll in the Fisher Funds KiwiSaver Scheme through us, 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 and Mobile Banking.

  • Don't forget to read this bit

    Fisher Funds Management Limited (“Fisher Funds”) is the issuer and TSB Bank Limited (“TSB”) distributes the Fisher Funds KiwiSaver Scheme (the “Scheme”) on behalf of Fisher Funds. A copy of the Product Disclosure Statement for the Scheme is available from TSB and Fisher Funds.

    Your investments in the Scheme are subject to investment risk including possible loss of income and principal invested. Neither TSB nor any other person guarantees (either partially or fully) your investment in the Scheme (including the repayment of any capital value or the performance of those securities). An investment in the Scheme is not a deposit with TSB.