What do I need to supply with my application?
To apply for the deposit subsidy, please include with your application:
1. Proof of earnings for the past 12 months
Proof of earnings is required from the applicant and for all other people purchasing the property.
If employed, you must provide a certificate of earnings or letter from your employer and your two most recent pay slips, clearly showing how much you have earned in the previous 12 months and how long you have been employed.
Income is also considered to be:
- Work and Income benefits - provide evidence from Work & Income
- Overtime and shift allowances
- Second job and casual employment - additional letter and payslips
- ACC payments and private insurance payments, such as income protection - evidence provided by ACC statements
If self employed, you are required to provide:
- Your most recent financial statements, supported by business and personal tax returns. These should show the percentage of income contributed annually to your scheme.
- Up to date interims if the end of the last financial year is more than six months ago
2. Proof of contribution to your KiwiSaver scheme (or other qualifying scheme)
This can include statement print outs from the "My KiwiSaver" online service on www.kiwisaver.govt.nz, payment records from your scheme provider, letter from your employers, or financial statements showing the percent of income contributed (if self employed)
3. Identification
Photo copy of passport or birth certificate.
4. Sale and purchase agreement of the house or land you are buying
(if you have made an offer to purchase and now require the deposit subsidy) - if not applying for a pre-approval
You will require a witness when signing the application form.
