KiwiSaver (First Home or Farm) Amendment Bill
This bill changes the KiwiSaver scheme to let people use their savings to buy a first farm, not just a first home. It also lets people use their KiwiSaver funds to buy land for building a first home, even if they don't buy the house at the same time. These changes aim to make it easier for more New Zealanders to achieve their first home or farm ownership goals.
What this affects
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This bill makes it easier for people to use their KiwiSaver savings to buy land for their first home, even if they build the house later.
to allow a member to withdraw funds for the purchase of land on which the member intends to build a first home
Progress through Parliament
Have your say
Submissions open once a bill reaches the select committee stage and the committee calls for them. In the meantime, you can write to your local MP about it.
Bill text sourced from legislation.govt.nz (Parliamentary Counsel Office). Arapono’s summary and breakdown are drafted with AI grounded in that official text and reviewed by an Arapono editor for accuracy and neutrality before publishing. Arapono is non-partisan and takes no position on this bill.