Unlocking Your KiwiSaver: The Hidden Trade-offs for First Home Buyers
Facing the KiwiSaver dilemma? You're not alone. The question of whether to use your retirement savings for a first home deposit or preserve them for your golden years is perhaps the most consequential financial crossroads many Kiwis will face.
As your mortgage advisor who promises honesty over comfort, I'm diving deep into this complex decision. After three years of KiwiSaver contributions, first-home buyers can withdraw almost their entire balance (minus $1,000) – often forming their only substantial deposit source. But this convenience comes with significant long-term implications.
The…
The skinny
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