Changes have been made to the first-home withdrawal rules from 1 April 2015. KiwiSaver members can now withdraw:
The $1000 kick-start payment still can't be withdrawn.
Removal of the government KiwiSaver $1,000 kick-start contribution
As part of budget 2015 Government announced the removal of the $1,000 KiwiSaver kick-start contribution. As this change became effective from the day of the announcement, the kick-start is no longer available for members joining on or after 2 pm 21 May 2015.
- their contributions and their employer's contributions, and
- the investment income received, and
- their member tax credit paid into their KiwiSaver scheme by the Government
The $1000 kick-start payment still can't be withdrawn.
Removal of the government KiwiSaver $1,000 kick-start contribution
As part of budget 2015 Government announced the removal of the $1,000 KiwiSaver kick-start contribution. As this change became effective from the day of the announcement, the kick-start is no longer available for members joining on or after 2 pm 21 May 2015.
