Rise in Kiwisaver use for first homes

Publish Date
Thursday, 9 October 2014, 5:52PM

There's been a jump in the number of KiwiSaver members using the savings scheme for first home purchases.

Latest figures published by the Financial Markets Authority shows almost $169 million was withdrawn from KiwiSaver schemes, by over 13,800 members, in the last financial year for first home purchases.

That's an increase of over $48 million on the previous year.

Source: Newstalk ZB