No, money from a KiwiSaver first home withdrawal has to be used to purchase a property under your name, not a trust name.
For more information on KiwiSaver first home withdrawal go to http://gmi.co.nz/kiwisaver/109/first-home.aspx
1 year ago
The KiwiSaver rules only outline your eligibility to make a first home withdrawal; what you do after you have purchased the property is not something we can give you information about. If you want information about changing the ownership structure of your property, you need to talk to your conveyancing lawyer.
1 year ago
Is there a time limit on this? For example could I use the first home withdrawal and then transfer the home into a trust after x years?
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Here are our Adviser Disclosure Statements and our Investment Statements for the
Gareth Morgan KiwiSaver Scheme and the GMI Superannuation Scheme.
You can also get any of these free of charge by calling 0800 GARETH.