Moving across the Tasman comes with big decisions – not just about packing up your life but also planning your financial future.
For New Zealanders relocating permanently to Australia, questions often arise around KiwiSaver access, eligibility, and whether those savings can help fund a home.
This article breaks down what really happens to your KiwiSaver after the move, who can access it and when, and how Kiwi expats can make the most of Australian first-home support schemes. If you’re weighing up your options, this guide will help you plan smarter and settle smoother.
What Happens to Your KiwiSaver When You Move to Australia?
If you’re moving to Australia from New Zealand, your KiwiSaver balance doesn’t disappear – but using it for a first home deposit in Australia isn’t as straightforward.
Unlike in New Zealand, where KiwiSaver can be used directly toward a home deposit, this isn’t allowed under Australian property laws. However, if you’ve been living in Australia permanently for at least 12 months, you may be eligible to withdraw your entire KiwiSaver balance (minus government contributions). This can then be used to support your relocation or supplement a home deposit.
To explore financial pathways while relocating, see how Crown supports your move to Australia.
Who Can Access Their KiwiSaver After Relocating?
Accessing KiwiSaver while living in Australia comes with specific eligibility rules. You must:
- Prove permanent emigration from New Zealand.
- Have lived in Australia for at least 12 months.
- Provide necessary documents such as:
- Certified identification
- Proof of overseas address
- A statutory declaration of emigration
Without these, early access to your KiwiSaver will not be approved. This condition ensures that KiwiSaver remains a long-term savings scheme unless your move abroad is genuine and permanent.
Withdrawing KiwiSaver Funds After Moving: Step-by-Step
If you’re eligible, here is how to proceed with withdrawing your KiwiSaver:
- Choose a New Zealand bank account to receive the funds.
- Gather required documents, including ID, proof of Australian address, and proof of emigration.
- Complete your KiwiSaver provider’s permanent emigration withdrawal form.
- Submit your application either online or by post.
- Wait for processing, typically 2–3 weeks.
Note: Withdrawals are full-balance only; partial access is not allowed.
What to Consider Before Using KiwiSaver Overseas
Accessing KiwiSaver after relocating involves both financial planning and compliance:
- Taxation: Although transfers aren’t taxed in New Zealand, Australia may count the funds toward your non-concessional super cap. Professional tax advice is recommended.
- Retirement Planning: If transferred to an Australian super fund, your KiwiSaver becomes subject to dual access rules – age 65 (NZ portion) and age 60+ (Australian portion).
- KiwiSaver Benefits: You lose first-home buyer privileges tied to KiwiSaver when transferring it to Australia.
- Currency Risk: Leaving funds in NZ exposes you to NZD-AUD fluctuations.
Buying a First Home in Australia as a Kiwi Expat
Once you’re settled in Australia, several support schemes may help you buy your first home:
- First Home-owner Grant (FHOG): Available in states like Victoria, Queensland, and New South Wales. You must live in the property and meet residency and value thresholds.
- First Home Guarantee: Allows eligible buyers to purchase with as little as 5% deposit without lenders’ mortgage insurance. Learn more here.
To qualify, New Zealanders must typically hold a Special Category Visa (SCV) and be Australian residents.
Market Research Tips:
- Focus on new builds, as most grants exclude established properties.
- Research suburbs with strong infrastructure and capital growth.
- Use reputable sites and local agents to guide your property purchase in Australia.
Financing Basics:
- Get pre-approval early.
- Compare loan types: fixed, variable, or split.
- Account for extra costs like stamp duty, legal fees, and inspections.
Frequently Asked Questions About KiwiSaver and Buying a Home in Australia:
Not directly. KiwiSaver funds can only be used for a first home deposit within New Zealand. However, if you’ve permanently moved to Australia and lived there for at least 12 months, you may be eligible to withdraw your entire KiwiSaver balance (excluding government contributions).
You’ll need to apply through your KiwiSaver provider with documentation proving your permanent emigration and Australian residency of at least 12 months. This includes ID, proof of address, and official records confirming your relocation.
KiwiSaver withdrawals aren’t taxed in New Zealand, but Australia may treat them differently depending on your visa type and income. It’s important to speak with a trans-Tasman tax advisor to avoid unexpected liabilities.
Yes. As a New Zealand citizen living in Australia on a Special Category Visa (SCV), you may be eligible for state-specific first home buyer schemes like the First Home-owner Grant (FHOG), depending on your residency status and the property location.
That depends on your long-term goals. Some Kiwis keep their KiwiSaver invested for retirement, while others opt for a full withdrawal to assist with settling costs or property purchase. It’s wise to consider financial planning advice before making a decision.
Plan Ahead for a Smooth Relocation and Financial Transition
Navigating KiwiSaver and home buying rules abroad doesn’t have to be overwhelming. Whether you plan to transfer savings or invest them elsewhere, make sure your financial decisions align with your goals and timeframe.
Need help relocating? Crown offers trusted International Moving Services, with decades of experience guiding New Zealanders moving to Australia. For expert help, start with how to get a quote and make your Trans-Tasman move seamless from start to finish.
