Income cap stymies second-chancer

  • Q: I am trying to buy a house in Auckland, but struggling to access my KiwiSaver funds. I bought my first house in 2010 with my then wife. I hadn’t been a KiwiSaver member long enough to use it then. No money was made from selling the house in 2011.

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Cap

Those wanting to buy a second ‘first home’ have to meet an income cap requirement. Photo / Doug Sherring

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