02 Sep 2026
1 month ago
465 views
New legislation will allow farm workers to use their KiwiSaver savings to buy their first home, addressing rules that previously excluded rural workers from first-home withdrawals. The bill also permits first-time farm buyers to use KiwiSaver funds for farms owned through companies, trusts, or partnerships they control, reflecting how farm ownership typically operates. These changes aim to make homeownership fairer and reduce debt for rural workers, enabling them to own property alongside their work.
02 Sep 2026
1 month ago
531 views
New legislation allows farm workers to use their KiwiSaver savings to buy their first home, addressing previous rules that excluded rural workers required to live on-site. The KiwiSaver (First Home or Farm) Amendment Bill also permits first-time farm buyers to use their savings when purchasing a farm through a majority-owned company, trust, or partnership, reflecting how farm ownership typically operates. This change aims to make farm ownership more accessible, reducing debt for new owners and recognizing the contributions of rural workers.
01 Mar 2026
7 months ago
1349 views
The Government is amending the KiwiSaver Act to allow rural workers in service tenancies, such as farm workers and rural teachers, to use their KiwiSaver funds for first home purchases without needing to live in the property. Additionally, the changes will enable first-time farm buyers to use KiwiSaver balances to buy farms through commercial entities they majority own, reflecting modern farm ownership practices. These reforms aim to remove barriers for rural communities while maintaining KiwiSaver’s core purpose, with legislation expected to be introduced mid-year.