First Rate Mortgages

BUYING YOUR FIRST HOME USING KIWISAVER

Using Kiwisaver Helps Many Clients Increase Their Home Deposit

Do you need a little more savings to buy your first home? A KiwiSaver HomeStart grant or KiwiSaver First Home Savings Withdrawal can help you buy your own first or new home and add to your deposit. If you have been contributing to KiwiSaver for 3 years you may be eligible to withdraw some of your KiwiSaver savings.

Key points to be eligible for a KiwiSaver First Home savings withdrawal include:

• Being a KiwiSaver member for 3 or more years or a member of a complying fund
• You are buying your first home, to live in, and not as an investment property

It is important though to be aware that if you are considering withdrawing funds from your KiwiSaver account this may impact your long-term savings plan. This must be discussed with your investment adviser as KiwiSaver is an investment product, and the financial advisers and the team at First Rate Mortgages Ltd are not able to provide advice on investments.

If you are a first home buyer and need to increase your deposit and think you may be eligible for a KiwiSaver HomeStart grant or withdrawal, then contact one of our experienced and friendly team today. We aim to take the stress out of buying your first home and point you in the right direction for KiwiSaver advice.

NOTE: This website is operated by First Rate Mortgages Limited and is not endorsed by, or affiliated with, the New Zealand Government or Inland Revenue. First Rate Mortgages Limited is using the KiwiSaver trade mark and logo under licence from Inland Revenue. To view the official New Zealand government KiwiSaver website, please click here.