Tan Choong Hwee
27 Jun 2021
Investor/Trader at Home
Refer to this FAQ on CPF website:
When you sell/transfer your property, you would need to refund the CPF principal amount that you had withdrawn for the property including the accrued interest (P+I), and the amount withdrawn from Retirement Account (if applicable). The refunds will be made from the sale proceeds and used to restore your Retirement Account up to your Full Retirement Sum.
So yes, need to restore your RA to FRS regardless of your intention to buy the next property.
Write your thoughts