{"id":46090,"date":"2025-07-10T09:10:59","date_gmt":"2025-07-09T21:10:59","guid":{"rendered":"https:\/\/milfordasset.com\/?page_id=46090"},"modified":"2025-12-01T21:07:12","modified_gmt":"2025-12-01T08:07:12","slug":"kiwisaver-first-home-withdrawal","status":"publish","type":"page","link":"https:\/\/milfordasset.com\/kiwisaver-first-home-withdrawal","title":{"rendered":"KiwiSaver First Home Withdrawal"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"46090\" class=\"elementor elementor-46090\" data-elementor-post-type=\"page\">\n\t\t\t\t<div data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-element elementor-element-2aae3838 e-flex e-con-boxed e-con e-parent\" data-id=\"2aae3838\" data-element_type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-element elementor-element-3015cc9e e-con-full e-flex e-con e-child\" data-id=\"3015cc9e\" data-element_type=\"container\">\n\t\t<div data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-element elementor-element-699118c6 e-con-full e-flex e-con e-child\" data-id=\"699118c6\" data-element_type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t<div data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-element elementor-element-4dd08b63 e-con-full e-flex e-con e-child\" data-id=\"4dd08b63\" data-element_type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-403e9f98 elementor-widget elementor-widget-heading\" data-id=\"403e9f98\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h1 class=\"elementor-heading-title elementor-size-default\">KiwiSaver First Home Withdrawal <\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-44230fce elementor-widget elementor-widget-text-editor\" data-id=\"44230fce\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\tReady to own your first home? Buying property for the first time can seem daunting, but KiwiSaver can help. Read on for eligibility criteria, withdrawal processes, and frequently asked questions.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-element elementor-element-21651887 e-flex e-con-boxed e-con e-parent\" data-id=\"21651887\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-element elementor-element-11a53e3e e-con-full e-flex e-con e-child\" data-id=\"11a53e3e\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-331f6c01 elementor-widget elementor-widget-menu-anchor\" data-id=\"331f6c01\" data-element_type=\"widget\" data-widget_type=\"menu-anchor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-menu-anchor\" id=\"criteria\"><\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-34cc706e elementor-widget elementor-widget-heading\" data-id=\"34cc706e\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">What are the eligibility criteria for a KiwiSaver first home withdrawal?<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4846813d elementor-widget elementor-widget-text-editor\" data-id=\"4846813d\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\tTo be eligible for a KiwiSaver first home withdrawal as a first home buyer, you must meet the following criteria:\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-67ffd2d2 elementor-icon-list--layout-traditional elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list\" data-id=\"67ffd2d2\" data-element_type=\"widget\" data-widget_type=\"icon-list.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<ul class=\"elementor-icon-list-items\">\n\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-check-circle\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">You've been saving with KiwiSaver (or another complying superannuation fund) for at least three years<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-check-circle\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">You have not made a KiwiSaver withdrawal to buy a home\/land before<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-check-circle\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">You are buying a home or land in New Zealand<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-check-circle\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">You are going to live in the home you are buying, or build a home to live in on the land you are buying. (You cannot use your KiwiSaver to build a home on land you already own or use your KiwiSaver to buy an investment property).<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-check-circle\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">You're a first-time home\/land buyer or have an eligibility letter from K\u0101inga Ora confirming that you are eligible to apply as a previous home-owner.<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-element elementor-element-30fec682 e-flex e-con-boxed e-con e-parent\" data-id=\"30fec682\" data-element_type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-element elementor-element-1f6588e6 e-con-full e-flex e-con e-child\" data-id=\"1f6588e6\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-1886b4a5 elementor-widget elementor-widget-heading\" data-id=\"1886b4a5\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">How much can I withdraw from my KiwiSaver account for a first home?<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-401760f2 elementor-widget elementor-widget-text-editor\" data-id=\"401760f2\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>If you meet the eligibility criteria, you can withdraw:<\/p><ul><li>your contributions<\/li><li>your employer&#8217;s contributions<\/li><li>government contributions*<\/li><li>investment gains you have earned.<\/li><\/ul><p>You cannot withdraw any transferred Australian superannuation savings or Government kick-start contributions**, and you must leave $1,000 in your account.<\/p><p><em><sup>* Except for any government contributions received during a period you lived overseas and didn\u2019t have permanent residence in New Zealand\u201d<\/sup><\/em><br \/><em><sup>**If you joined KiwiSaver before 21 May 2015, you would have received a $1,000 KiwiSaver kick-start paid on joining.<\/sup><\/em><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-element elementor-element-5e051b8a e-con-full e-flex e-con e-child\" data-id=\"5e051b8a\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-7c57713c elementor-widget elementor-widget-image\" data-id=\"7c57713c\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"640\" height=\"360\" src=\"https:\/\/milfordasset.com\/wp-content\/uploads\/2024\/12\/iStock-2169346068How-to-choose-1024x576.jpg\" class=\"attachment-large size-large wp-image-43216\" alt=\"\" srcset=\"https:\/\/milfordasset.com\/wp-content\/uploads\/2024\/12\/iStock-2169346068How-to-choose-1024x576.jpg 1024w, https:\/\/milfordasset.com\/wp-content\/uploads\/2024\/12\/iStock-2169346068How-to-choose-300x169.jpg 300w, https:\/\/milfordasset.com\/wp-content\/uploads\/2024\/12\/iStock-2169346068How-to-choose-768x432.jpg 768w, https:\/\/milfordasset.com\/wp-content\/uploads\/2024\/12\/iStock-2169346068How-to-choose.jpg 1341w\" sizes=\"(max-width: 640px) 100vw, 640px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-element elementor-element-577f4c31 e-flex e-con-boxed e-con e-parent\" data-id=\"577f4c31\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-element elementor-element-427ad3 e-con-full e-flex e-con e-child\" data-id=\"427ad3\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-6734bdb6 elementor-widget elementor-widget-heading\" data-id=\"6734bdb6\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">What is the process for KiwiSaver first home buyers when applying for a KiwiSaver withdrawal?<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5be29866 elementor-widget elementor-widget-text-editor\" data-id=\"5be29866\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<ol>\n<li>Check if you\u2019re <a href=\"#criteria\">eligible to apply<\/a>.<\/li>\n<li>Contact us if you need a letter for your bank or lending partner confirming your current Milford KiwiSaver Plan account balance that can be withdrawn. Get in touch on 0800 662 345 or <a href=\"mailto:info@milfordasset.com\">info@milfordasset.com<\/a><\/li>\n<li>Tell your solicitor you would like to make a KiwiSaver first home withdrawal to help fund your first home purchase. They\u2019ll guide you through the process.<\/li>\n<li>Complete this <a href=\"https:\/\/milfordasset.com\/ks-homewithdrawal\" target=\"_blank\" rel=\"noopener\">Withdrawal Form<\/a>.<\/li>\n<li>Send the completed withdrawal form and all supporting documents to <a href=\"mailto:transactions@milfordasset.com\">transactions@milfordasset.com<\/a> at least 10 business days before funds are needed.<br><span style=\"text-decoration: underline;\">Supporting documents<\/span><br>\u2022 A pre-printed deposit slip for your solicitor\u2019s trust account<br>\u2022 A copy of the sale and purchase agreement clearly showing your name as purchaser<br>\u2022 Your solicitor\u2019s certificate (unless this has been provided separately by your solicitor)<br>\u2022 A confirmation letter from K\u0101inga Ora (only if you are applying for a second-chance home withdrawal)<br>\u2022 Proof of your right to occupy M\u0101ori land (only if you are buying\/building on M\u0101ori land)<\/li>\n<li>Once we receive all required documentation, we will process your application.<\/li>\n<li>If your application is approved, we will transfer the money to your solicitor&#8217;s trust account.<\/li>\n<\/ol>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-element elementor-element-3716ac3d e-flex e-con-boxed e-con e-parent\" data-id=\"3716ac3d\" data-element_type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-element elementor-element-4ea81262 e-flex e-con-boxed e-con e-child\" data-id=\"4ea81262\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-element elementor-element-2987cbfd e-con-full e-flex e-con e-child\" data-id=\"2987cbfd\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-543652e3 elementor-widget elementor-widget-image\" data-id=\"543652e3\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"459\" height=\"612\" src=\"https:\/\/milfordasset.com\/wp-content\/uploads\/2025\/07\/how-long.jpg\" class=\"attachment-full size-full wp-image-46096\" alt=\"\" srcset=\"https:\/\/milfordasset.com\/wp-content\/uploads\/2025\/07\/how-long.jpg 459w, https:\/\/milfordasset.com\/wp-content\/uploads\/2025\/07\/how-long-225x300.jpg 225w\" sizes=\"(max-width: 459px) 100vw, 459px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-element elementor-element-77245c98 e-con-full e-flex e-con e-child\" data-id=\"77245c98\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-23619dec elementor-widget elementor-widget-heading\" data-id=\"23619dec\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">How long does a Milford KiwiSaver Plan first home withdrawal take to process?<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-44f1e1ec elementor-widget elementor-widget-text-editor\" data-id=\"44f1e1ec\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\tWe can only make first home withdrawal payments if we have all required documentation at least 10 business days before settlement. We are unable to make payments after your settlement date. The money is usually paid to your solicitor\u2019s trust account who will forward to the vendor on settlement day.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-element elementor-element-4c155379 e-flex e-con-boxed e-con e-parent\" data-id=\"4c155379\" data-element_type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-element elementor-element-6933678c e-con-full e-flex e-con e-child\" data-id=\"6933678c\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-1ac6e612 elementor-widget elementor-widget-heading\" data-id=\"1ac6e612\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">How can I maximise my KiwiSaver savings for a first home?<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-79deb6b6 elementor-widget elementor-widget-text-editor\" data-id=\"79deb6b6\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\tWhether you\u2019re just starting out or you\u2019re well on your way to saving for a first home, here are some quick tips for you.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-54181b01 elementor-widget elementor-widget-text-editor\" data-id=\"54181b01\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>1. Check that you are in the right KiwiSaver fund for your first home goals. Our KiwiSaver Digital Advice Tool will tell you if you are on track to meet your first home goal and guide you to the fund that is appropriate for your risk tolerance and aspirations.<\/p><p>If you have plenty of time before you need to make a first home withdrawal, you may consider investments with higher potential returns, even if they come with more risk. If you need your money sooner, it&#8217;s generally wise to choose lower risk investments with lower potential returns. This way, you&#8217;re less likely to see your balance reduce before you need it.<\/p><p>As a Milford client, you can access our KiwiSaver Digital Advice Tool via your Client Portal or App:<\/p><ol style=\"list-style-type: lower-alpha;\"><li>Milford Portal: <a href=\"https:\/\/portal.milfordasset.com\/login\" target=\"_blank\" rel=\"noopener\">login to your Portal<\/a> and select \u201cTools and Calculators\u201d on the left-hand side of your screen.<\/li><li>Milford App: login to your App and select \u201cTools\u201d on the bottom left-hand side of your screen.<\/li><\/ol><p>If you aren\u2019t yet a Milford KiwiSaver Plan member, digital advice can be accessed easily <a href=\"https:\/\/milfordasset.com\/digital-advice-tools\" target=\"_blank\" rel=\"noopener\">here<\/a>.<\/p><p>If you would prefer to talk to a Milford KiwiSaver Plan Financial Adviser, please contact us on 0800 662 348 or<a href=\"mailto:kiwisaveradvice@milfordasset.com\"> kiwisaveradvice@milfordasset.com<\/a>.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4628b51b elementor-widget elementor-widget-text-editor\" data-id=\"4628b51b\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>2. Make sure you get the full KiwiSaver Government Contribution every year.<\/p><p>From 1 July 2025, eligible KiwiSaver members can receive a Government Contribution of up to $260.72 each year, when you contribute $1,042.86 into your account. Getting the full Government Contribution means more money in your KiwiSaver account. This can help you reach your first home savings goals faster.<\/p><p>To find out more about the changes to KiwiSaver announced in May 2025, please click <a href=\"https:\/\/milfordasset.com\/insights\/what-do-the-new-kiwisaver-changes-mean-for-you\" target=\"_blank\" rel=\"noopener\">here<\/a>.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-28afff24 elementor-widget elementor-widget-text-editor\" data-id=\"28afff24\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>3. Increase your<a href=\"https:\/\/milfordasset.com\/insights\/the-benefits-of-contributing-1-more-to-kiwisaver\" target=\"_blank\" rel=\"noopener\"> contribution rate<\/a> if you can.<\/p><p>In KiwiSaver you can choose to contribute 3%, 4%, 6%, 8% or 10% of your gross salary directly into your KiwiSaver account, as well as additional voluntary contributions. If you can, contributing just 1% more to your KiwiSaver account is a simple change that can make a difference to your first home goal.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-338ef36a elementor-widget elementor-widget-text-editor\" data-id=\"338ef36a\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>4. Check that your <a href=\"https:\/\/milfordasset.com\/insights\/what-should-my-pir-be\" target=\"_blank\" rel=\"noopener\">Prescribed Investor Rate<\/a> (PIR) is correct.<\/p><p>It\u2019s important to check annually that you\u2019re on the correct tax rate, to avoid a future tax bill or overpaying tax. If you\u2019re a Milford client you can check and change your PIR in your Client Portal under \u2018Profile &amp; Settings\u2019 in the menu.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-element elementor-element-6c0239a3 e-flex e-con-boxed e-con e-parent\" data-id=\"6c0239a3\" data-element_type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-735fdbbf elementor-widget elementor-widget-heading\" data-id=\"735fdbbf\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Frequently Asked Questions<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-52dc36f9 elementor-widget elementor-widget-toggle\" data-id=\"52dc36f9\" data-element_type=\"widget\" data-widget_type=\"toggle.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-toggle\">\n\t\t\t\t\t\t\t<div class=\"elementor-toggle-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-1391\" class=\"elementor-tab-title\" data-tab=\"1\" role=\"button\" aria-controls=\"elementor-tab-content-1391\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon elementor-toggle-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-closed\"><i class=\"fas fa-caret-right\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-opened\"><i class=\"elementor-toggle-icon-opened fas fa-caret-up\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-toggle-title\" tabindex=\"0\">My partner has owned a home before, but I haven\u2019t \u2013 can I still apply?<\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<div id=\"elementor-tab-content-1391\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"1\" role=\"region\" aria-labelledby=\"elementor-tab-title-1391\"><p>Yes, if your partner has previously owned a home but you haven\u2019t, you can still apply to withdraw your funds.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-toggle-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-1392\" class=\"elementor-tab-title\" data-tab=\"2\" role=\"button\" aria-controls=\"elementor-tab-content-1392\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon elementor-toggle-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-closed\"><i class=\"fas fa-caret-right\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-opened\"><i class=\"elementor-toggle-icon-opened fas fa-caret-up\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-toggle-title\" tabindex=\"0\">My partner and I are buying a house together, can we both apply to withdraw from our KiwiSaver accounts?<\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<div id=\"elementor-tab-content-1392\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"2\" role=\"region\" aria-labelledby=\"elementor-tab-title-1392\"><p>Yes, as long as you both meet the eligibility criteria, you will both be able to apply to make a withdrawal from your individual KiwiSaver accounts.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-toggle-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-1393\" class=\"elementor-tab-title\" data-tab=\"3\" role=\"button\" aria-controls=\"elementor-tab-content-1393\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon elementor-toggle-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-closed\"><i class=\"fas fa-caret-right\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-opened\"><i class=\"elementor-toggle-icon-opened fas fa-caret-up\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-toggle-title\" tabindex=\"0\">What if we are building our first home?<\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<div id=\"elementor-tab-content-1393\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"3\" role=\"region\" aria-labelledby=\"elementor-tab-title-1393\"><p>If you\u2019re planning to build your first home, your first home withdrawal must be put towards the purchase of the land.<\/p><p>However, if you already own or have been gifted land, you can\u2019t use your KiwiSaver savings to fund the cost of building on the land.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-toggle-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-1394\" class=\"elementor-tab-title\" data-tab=\"4\" role=\"button\" aria-controls=\"elementor-tab-content-1394\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon elementor-toggle-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-closed\"><i class=\"fas fa-caret-right\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-opened\"><i class=\"elementor-toggle-icon-opened fas fa-caret-up\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-toggle-title\" tabindex=\"0\">Can I apply if I want to buy\/build a home on M\u0101ori land?<\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<div id=\"elementor-tab-content-1394\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"4\" role=\"region\" aria-labelledby=\"elementor-tab-title-1394\"><p>Yes you can. However, you will need to provide evidence you have the right to occupy that land.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-toggle-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-1395\" class=\"elementor-tab-title\" data-tab=\"5\" role=\"button\" aria-controls=\"elementor-tab-content-1395\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon elementor-toggle-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-closed\"><i class=\"fas fa-caret-right\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-opened\"><i class=\"elementor-toggle-icon-opened fas fa-caret-up\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-toggle-title\" tabindex=\"0\">What if the home or land purchase doesn\u2019t go through?<\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<div id=\"elementor-tab-content-1395\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"5\" role=\"region\" aria-labelledby=\"elementor-tab-title-1395\"><p>Under KiwiSaver first home withdrawal rules, your lawyer or conveyancing practitioner will need to return your KiwiSaver first home withdrawal amount from their trust account back to your Milford KiwiSaver Plan account.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-toggle-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-1396\" class=\"elementor-tab-title\" data-tab=\"6\" role=\"button\" aria-controls=\"elementor-tab-content-1396\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon elementor-toggle-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-closed\"><i class=\"fas fa-caret-right\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-opened\"><i class=\"elementor-toggle-icon-opened fas fa-caret-up\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-toggle-title\" tabindex=\"0\">Can I use my KiwiSaver money towards my deposit instead of at settlement?<\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<div id=\"elementor-tab-content-1396\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"6\" role=\"region\" aria-labelledby=\"elementor-tab-title-1396\"><p>Yes, in certain circumstances. For more details, speak to your solicitor.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>KiwiSaver First Home Withdrawal Ready to own your first home? Buying property for the first time can seem daunting, but<\/p>\n","protected":false},"author":52,"featured_media":46095,"parent":0,"menu_order":4,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"inline_featured_image":false,"ep_exclude_from_search":false,"footnotes":""},"class_list":["post-46090","page","type-page","status-publish","has-post-thumbnail","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>KiwiSaver First Home Withdrawal - Milford<\/title>\n<meta name=\"description\" content=\"Ready to own your first home? 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