REAL or NOT? “I must pay back my CPF in cash if the money from selling my house is not enough.”
Автор: CPF Board
Загружено: 2019-12-16
Просмотров: 371083
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While your CPF can support your housing needs, it is primarily meant to help you save for retirement. Which is why, when you sell your house, the amount you used from your CPF savings will be refunded back to your CPF account, along with the accrued interest.
But you do not need to top up the shortfall as long as your house is sold at or above current market value. And remember, you can use your CPF savings when you buy your next house!
Always double-check your facts with us! Call us at 1800-227-1188 or contact us at http://cpf.gov.sg/writetous to clarify your doubts.
Check out our previous episode on CPF nomination: • REAL or NOT? “My CPF savings will go to my...
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