20. CPF - RETIREMENT & Property

Retirement Account and Property in SG

as at 19 jan 2018

ok. so what happens at age 55 and 65?

below chart done by cpf, dec2018

what happens to my cpf when i sell my hdb flat? (after ownership transfer)

transfer of ownership (in progress)

options 

1. hdb loan amount 

2. duration of loan

must be aware of the increasing accrued interests in cpf if u hold on to the flat

------------------------------------------

Parvin's take on what we heard at the CPF consultation yesterday

thoughts below!! 😱

Assume balance amount is $50K.

If you take the HDB loan, 

you will pay HDB 

$50K + $11K (interest) = $61K

If you pay full amount from your CPF, you will pay HDB $50K.

When you sell your flat, you have to refund CPF $50K + $11K (about, depending on when you sell your flat) = $61K. But this goes back to your CPF and it is your money.

ok got it!! money for cpf accrued interest is mine but there's a loss if i pay interest from hdb loan

Yes, you will lose about $11K if you take the max HDB loan