Calculate your maximum KiwiSaver first home withdrawal ($1,000 retention rule), Kāinga Ora 5% deposit eligibility, and estimated mortgage loan repayments.
Kāinga Ora 5% underwriting standards & $1,000 retention rule
Withdrawable_{KiwiSaver} = \max(0, Total\ Balance - \$1,000_{Retained} - AusSuper\ Transfer) \\
Total\ Deposit = Withdrawable_{KiwiSaver} + Cash\ Savings \\
Deposit\ \% = \frac{Total\ Deposit}{Property\ Price} \times 100 \\
K\bar{a}inga\ Ora\ Requirement = Property\ Price \times 5\%Under the KiwiSaver Act 2006, first home buyers must retain a minimum balance of $1,000 in their KiwiSaver account. Any funds transferred from an Australian superannuation scheme cannot be withdrawn. The Kāinga Ora First Home Loan program allows eligible buyers to purchase with a 5% deposit instead of the standard 20% bank equity requirement.
All calculations, amortizations, and scenario projections displayed on this page are strictly for informational and educational purposes. Nothing herein constitutes investment, financial, tax, or legal advice. Actual Reserve Bank of New Zealand (RBNZ) interest rates, IRD PAYE brackets, ACC Earner's Levy, KiwiSaver regulations, and lender criteria may vary. Calconova explicitly disclaims all liability for any decisions taken based upon these calculations. Consult a qualified financial advisor, CPA, or official Inland Revenue documentation prior to executing financial commitments.
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