From 1 April 2015, KiwiSaver members will be able to withdraw their Government annual contributions when they make a first home withdrawal. Previously, a first home withdrawal did not include the Government’s annual contributions. This means eligible first home buyers may now be able to withdraw all of their KiwiSaver savings to put towards their first home, excluding:
• the $1,000 Government kick-start, and
• any amount transferred from an Australian complying superannuation fund.