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Anonymous

25 Aug 2023

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Any need to refund CPF Accrued Interest after reaching FRS?

If I were a 55yo, reached FRS and had been paying off housing loan using CPF OA, what would happen if I make CPF OA housing refund? Is it just going to be money in and out since anything above FRS can be withdrawn after 55? Tyvm.

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Tan Choong Hwee

26 Aug 2023

Investor/Trader at Home

If you make VHR (Voluntary Housing Refund) after 55 with FRS in RA met, your refund will simply be returned to your OA. You can withdraw from OA anytime after your SA is emptied.

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Do people know that if they use CPF to pay for housing, they would need to to refund the principal amount taken from CPF account, plus accrued interest?

Hi, what happens after one makes a partial housing refund with cash to CPF OA? Will the cash refund be used to offset the principal of property or accrued interest first?

For CPF member above age 55 and reaching FRS. Are member allow to withdraw the balance Interest earned from OA (Year of withdrawal) before touching on the principal sum in the SA?

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Related Posts

Do people know that if they use CPF to pay for housing, they would need to to refund the principal amount taken from CPF account, plus accrued interest?

Hi, what happens after one makes a partial housing refund with cash to CPF OA? Will the cash refund be used to offset the principal of property or accrued interest first?

For CPF member above age 55 and reaching FRS. Are member allow to withdraw the balance Interest earned from OA (Year of withdrawal) before touching on the principal sum in the SA?

If we use our CPF OA to pay for our flat, and at age 65/70, we are still able to meet BRS/FRS, does NOT refunding the amount used and accrued interest affect our lifetime payout in any way?

I have low risk appetite. Should I use spare cash to make a voluntary refund of housing amount withdrawn at CPF ($150k including accrued interest) or do partial payment of housing loan (1.8%,$140k left)?

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