Start with the withdrawal rules
Inland Revenue says eligible first-home buyers can generally apply after being KiwiSaver members for at least three years. You must leave at least NZ$1,000 in your account. The home must be one you intend to live in. Your provider can explain which funds can be withdrawn and how the rules apply to your circumstances.
Ask about the dates
Get an estimate from your provider before committing the money in an offer. Ask what it will need from your lawyer and whether it can release the money by the date the agreement requires it. Keep your lawyer and adviser informed if the purchase timetable changes.
If you have owned property before
Some former owners may qualify for a determination through Kāinga Ora. Check the current process before including any withdrawal in your deposit.
Mega Finance can discuss the factual withdrawal process in relation to a home purchase. Portfolio, fund-selection and retirement advice should come from a suitably qualified investment adviser.