KIWISAVER WITHDRAWAL …. the lowdown.

You can transfer your NZ KiwiSaver to an eligible Aussie Super Fund (like First Super or Telstra Super)

You can withdraw up to A$15,000 in the first year to go toward a home deposit. If there’s two of you, then you can withdraw up to A$30,000.

So, the maximum amount of KiwiSaver $$ you can withdraw to put toward a home deposit is A$30,000 (if there are two of you withdrawing from your respective transferred KiwiSaver amounts).

It doesn’t matter if you have used KiwiSaver funds to buy a home previously in NZ.

You can still be eligible for the First Home Owners Grant and stamp duty alleviation as a first home buyer (subject to price caps).

Note all withdrawals are subject to ATO approval, so there is no certainty 😬

Sing out if you need more clarification!

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