KiwiSaver is a very popular government initiative that has helped many people save money. Traditionally KiwiSaver was mainly used for retirement savings. But these days many people are excited to know that it can be used towards the purchase of a first house to live in.
Yes there are some criteria but it can mean a great help towards helping your family buy a house sooner, and not have to worry about renting forever.
KiwiSaver is meant for NZ residents and citizens.
Generally you need to have been a member of KiwiSaver for at least 3 years before being able to use it for the house.
Depending on your amount of money in KiwiSaver, it can be used towards a deposit.
If you are wondering how much deposit is enough, contact us for more information.
There are certain forms to complete to use the KiwiSaver to buy a house. This can include filling out forms with the KiwiSaver scheme. A financial adviser can help with this process and help explain how it all works.
KiwiSaver can be a great chance to buy a house. It can mean not having to worry about renting, and is great news for a lot of people.