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newzealand • NZD

KiwiSaver First Home Withdrawal Calculator NZ 2026

Free newzealand calculator designed to help users make accurate financial decisions using local standards.

By Team GlobalCalqulate · About our editorial standards

Calculator inputs

KiwiSaver Balance & History

Your current KiwiSaver account balance. Check your latest statement or myIR.

How many years you've been contributing to KiwiSaver. Minimum 3 years required for first home withdrawal.

Did you join KiwiSaver before 21 May 2015?

Only members who joined before the $1,000 kick-start payment was abolished (21 May 2015) have a kick-start balance, which can't be withdrawn for a first home.

Contributions & Growth

Your KiwiSaver Contribution Rate

Your current KiwiSaver contribution rate. 3.5% is the compulsory minimum from 1 April 2026.

Conservative: 3-4%, Balanced: 4-6%, Growth: 6-8%. Use realistic expectations.

How many years until you plan to purchase your first home. This affects projected growth.

Income & Property

Your gross annual income before tax. Used to check First Home Loan income eligibility.

Are you buying as a single applicant?

First Home Loan's income cap is higher for buyers with dependants or joint applications.

The estimated purchase price of your first home. Used to estimate the deposit needed under First Home Loan (5% minimum).

Your results

Financial Disclaimer: This projects a possible KiwiSaver first-home withdrawal from assumptions you choose; it is not advice and not a guarantee of eligibility or amount. Your provider confirms what can be withdrawn and Kāinga Ora administers the related schemes. Investment returns can be negative. Full disclaimer.

Sources & methodology

Formula:
Projected balance at purchase
Reference:
Inland Revenue (IRD)
Rates for:
2026/27
Figures verified:
— checked against the primary source above
Scheduled re-verification:
April 2027

Calculation type: Projection from your assumptions. Uses 2026/27 rates and thresholds. Figures are taken from Inland Revenue (IRD) and New Zealand Government (Beehive.govt.nz) and Kāinga Ora – Homes and Communities — see sources below.

Reviewed by Team GlobalCalqulate — Verifies each figure against the issuing authority's published source · Checked

Your entries stay on this device. This calculator runs entirely in your browser — the figures you type are not sent to us or to anyone else. The page itself uses cookies for analytics and advertising, described in the privacy policy.

Formula & methodology

Formula used

Projected balance at purchase

FV = balance × (1 + r)^n + contributions compounded over n years

The current balance and future contributions are both grown at the return you assume, to the year you expect to buy.

Amount available to withdraw

Withdrawable = projected balance − provider minimum − kick-start (if received)

Your contributions, employer contributions, government contributions and returns can be withdrawn, less the $1,000 that must remain in the account. The $1,000 kick-start also cannot be withdrawn, and only pre-2015 members have one.

Deposit position

Deposit = withdrawal + other savings; shortfall = target − deposit

Compares what you can assemble against the deposit the purchase requires.

Variable definitions

SymbolMeaningUnit
BalanceCurrent KiwiSaver balance. The total currently held across your KiwiSaver account.NZD
rAssumed annual return. A growth rate you choose. Fund returns vary year to year and can be negative.% per year
nYears until purchase. Time between now and the expected settlement.years

Step-by-step calculation

  1. 1. Check the three-year membership test
    You must have belonged to KiwiSaver for at least three years before a first-home withdrawal is available.
  2. 2. Project the balance forward
    Grow the current balance and future contributions at the assumed return to your expected purchase year.
  3. 3. Remove amounts that cannot be withdrawn
    Deduct the $1,000 that must remain in the account, the $1,000 kick-start for pre-2015 members, and any Australian superannuation transfers.
  4. 4. Compare against the deposit needed
    Set the available amount against the deposit the purchase requires to see the shortfall or surplus.

Limitations

  • The First Home Grant was abolished on 22 May 2024 and no grant amount should be included in a deposit plan.
  • Projected growth assumes a constant return. Real fund returns vary and can fall, so the balance at purchase may be lower than projected.
  • Eligibility rules — including the requirement to live in the property and the treatment of previous property ownership — are assessed by your provider and Kāinga Ora, not here.
  • The withdrawal is paid to your solicitor at settlement, not to you in advance, and providers need processing time.
  • Lending criteria, loan-to-value restrictions and the First Home Loan income caps determine what you can actually borrow, and are outside this calculation.

This page is educational. It projects a future value from assumptions you choose, and a projection is not a forecast: real returns vary year to year, and the rules, limits and rates used here can change before the period modelled ends. Treat the output as one scenario among many, not a prediction of what you will have.

Sources & references

Help & FAQs

Frequently Asked Questions

Clear answers to common questions to help you use this calculator confidently.

How long must I be in KiwiSaver before I can withdraw?

Tap to view the answer

You need to have been a member for at least three years. The withdrawal is for a first home — or for a subsequent home if Kāinga Ora determines you are in the same financial position as a first-home buyer — and the property must be intended as your own residence, not a rental.

How much can I take out?

Tap to view the answer

You can generally withdraw your own contributions, your employer's contributions, government contributions and investment growth, down to any minimum balance your provider requires. If you joined before 21 May 2015 you cannot withdraw the $1,000 government kick-start — most current members joined later and never received one.

Is the First Home Grant still available?

Tap to view the answer

No. The First Home Grant was abolished on 22 May 2024 in Budget 2024, so no grant amount should be counted in your deposit. The First Home Loan, which allows a deposit as low as 5% subject to income caps, is still available.

What are the First Home Loan income caps?

Tap to view the answer

The First Home Loan is capped at $95,000 for a single buyer with no dependants, and $150,000 for buyers with dependants or for joint applications. It is administered by Kāinga Ora through participating lenders, and other lending criteria still apply.

When is the money actually paid out?

Tap to view the answer

The withdrawal is paid to your solicitor's trust account, not to you, and it goes through at settlement. Apply well ahead of your settlement date, because your scheme provider needs time to process it and a late application can put the purchase at risk.

Need more help? Contact support or email globalcalqulate@gmail.com

We typically reply within 24–48 hours.

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