Income cap for second-chance KiwiSaver access lifted

Thu, 28 Apr 2016

By Edwin Mitson April 28 (BusinessDesk) - People who have previously owned a home will able to access their KiwiSaver funds to buy again under changes aimed at assisting so-called 'second chance' buyers who may be coming back from a major setback in their professional or personal lives. Under the previous rules, an individual who had assets below 20 percent of the house price cap for an area and who earned below $80,000 a year or $120,000 for a couple could access their KiwiSaver funds, as well as a grant of up to $10,000. The house price...

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