Kiwisaver for a trust

My first property is owned by a trust and I did not use KS funds. I wish to purchase a second property, may I use my KS even if it will also be in the name of a trust? Yes I have been in KS for more than 3 years.

I think they look through entities when determining previous houses.

I may be wrong , but I'm sure I read that the property has to go at least into the name of the KS holder, so can be joint names but not a company or Trust. Harvey maybe right as well, so could out on both fronts.

But what smpl is saying is that he already has his first home in a trust and wants a second house using his KS benefits.

What I am saying if he gets past the hurdle of this proposed purchase not being his first home(as Harvey says), I don't think you can get the KSaver benefits if the home is to be owned by a trust.

Quote:

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Originally Posted by Jay

What I am saying if he gets past the hurdle of this proposed purchase not being his first home(as Harvey says), I don't think you can get the KSaver benefits if the home is to be owned by a trust.

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If the first hurdle is passed as to whether this will be the kiwisaver's actual first home, it may be up to the Kiwisaver provider as to what ownership structure (trust/company etc) it accepts for the Kiwisaver's first home if the kiwisaver wants to use funds from his kiwsaver account.

Yep you guys have fully identified the problem.

It sounds like I can only try...

Had to jump through this hoop for the deposit subsidy, proof that I wasn't a discretional beneficiary. KS provider didn't dig so deep for the withdrawl.

The short answer was No.

Thanks for all of your input.

Quote:

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Originally Posted by smpl

My first property is owned by a trust and I did not use KS funds. I wish to purchase a second property, may I use my KS even if it will also be in the name of a trust? Yes I have been in KS for more than 3 years.

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the answer was in the very first word of your question.