Transferring Kiwisaver

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(Newbie)Newbie

14 Feb 2024

Hi There,

I have just found out that I can transfer my Kiwisaver to my Australia super fund. I understand the FHSS maximum contribution amount each financial year is $15k and is capped at $50k. Am I only allowed to transfer my KiwiSaver as a lump sum (I have $45k in my KiwiSaver).

If I am looking to buy a house in roughly 3 years, will I be able to transfer $15k of my kiwisaver over each year so I can use the full $45k for my first home? or do I have to transfer it over all at once, therefore only being able to use $15k for my first home?

Thanks

Matt

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