KiwiSaver has long been catering to the needs of the information seekers and the number of people joining the service has been ever-rising.

As the service provider celebrated its third anniversary this month, it saw another $5.5 billion investment made on its members. It also saw the acquisition of a subsidy.

The members also contribute to the service by paying $20 a week or $87 a month or $1043 a year.

Although, KiwiSaver is a service availed by those who are about to retire, the members like two of the services the in saving for first house.

The first is the option of Home Savings Withdrawal, which is directed by the KiwiSaver provider. In order to meet the costs, the members can either withdraw parts of the contributions or the entire amounts from KiwiSaver.

The pre-requisites for the service are: the member should bear at least three years of association with KiwiSaver and they can withdraw the money only if they are buying home for the first time.

In addition, as soon as the members attain the membership of three years, they are already associated with the deposit subsidy.

"One view is that if someone is unable to do any work when they join KiwiSaver, they cannot invoke the serious illness withdrawal facility”, said Chapman Tripp partner Mike Woodbury.