Using KiwiSaver for your first home.
How KiwiSaver can help you buy or build your first home - and other benefits you could qualify for.
How it works.
As well as providing for you in retirement, KiwiSaver is also designed to help Kiwis get onto the property ladder. As long as you qualify, you could withdraw most of your savings to buy your first home – then start building up your balance again for when you reach 65.
Ready to buy.
Talk to a Mobile Mortgage Manager
Talk your options through with an expert, at a time and place that suits you.
Apply to withdraw
Once you've found your home and have a sale and purchase agreement, you're ready start the application process.
Talk to a specialist
Get in touch to talk about KiwiSaver.
Things you should know.
1 (Limited exceptions regarding land holdings apply). However, in some cases you may qualify as a previous home buyer and be considered by Kāinga Ora to be in the same financial situation as a first home buyer.
References to non-Westpac websites are provided for your convenience only. Westpac accepts no responsibility for the availability or content of such websites.
BT Funds Management (NZ) Limited is the scheme provider and Westpac New Zealand Limited is the distributor, of the Westpac KiwiSaver Scheme.
The information above is subject to changes to government policy and law, and changes to the Scheme from time to time.
*Investments made in the Westpac KiwiSaver Scheme (Scheme) do not represent bank deposits or other liabilities of Westpac Banking Corporation ABN 33 007 457 141, Westpac New Zealand Limited or other members of the Westpac Group of companies. They are subject to investment and other risks, including possible delays in payment of withdrawal amounts in some circumstances, and loss of investment value, including principal invested. None of BT Funds Management (NZ) Limited (as manager), any member of the Westpac Group of companies, The New Zealand Guardian Trust Company Limited (as supervisor), or any director or nominee of any of those entities, or any other person guarantees the Scheme's performance, returns or repayment of capital.
For a copy of the Product Disclosure Statement or more information about the Scheme, contact any Westpac branch or call 0508 972 254 or from overseas +64 9 375 9978 (international toll charges apply). You can also download the Product Disclosure Statement.
The ratings issued by SuperRatings Pty Ltd ABN 95 100 192 283 AFSL 311880 (SuperRatings) for the Westpac KiwiSaver Scheme, Gold is as of 13 October 2020. SuperRatings does not guarantee the data or content contained herein to be accurate, complete or up-to-date, and it will not have any liability for its use or distribution. Ratings are not a financial adviser service under the Financial Advisers Act 2008 Consider your personal circumstances, read the Product Disclosure Statement and seek independent financial advice before investing. SuperRatings uses objective criteria and receives a fee for publishing awards. Visit superratings.com.au for ratings information and to access the full report. © 2020 SuperRatings. All rights reserved.