If I make a housing refund with cash to my CPF, is that amount tax deductible?

Is a housing refund with cash to my CPF tax deductible?

Discussion (5)

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Tan Choong Hwee

12 Jun 2021

Solutions Specialist at Providend

There is no tax relief with VHR (Voluntary Housing Refund). Remember you are refunding OA money you had withdrawn for housing, and you already enjoyed tax relief for those OA money when your employment contributions went into your CPF accounts.

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Cryotosensei

12 Jun 2021

Blogger at diaperfinancingfund.blogspot.com

No. But I still make voluntary housing refunds contributions anyway, because I want to hit my FRS asap.

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Kok Hong

08 Dec 2020

Doubt so...

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 Should I use spare cash to make a voluntary refund of housing amount withdrawn at CPF ($150k including accrued interest) or do partial payment of housing loan (1.8%,$140k left)?

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?

Which is a better option? Topping up CPF account for Tax rebate, or partial refund to CPF the amount used for housing loan?

Is it a good move to save spare cash thru (1) first making voluntary housing refund to CPF OA, then (2) transferring the sum from OA to SA?

Making a Housing Refund with Cash - Can I do a housing refund and withdraw from my OA multiple times?

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?

Which is a better option? Topping up CPF account for Tax rebate, or partial refund to CPF the amount used for housing loan?

Is it a good move to save spare cash thru (1) first making voluntary housing refund to CPF OA, then (2) transferring the sum from OA to SA?

Making a Housing Refund with Cash - Can I do a housing refund and withdraw from my OA multiple times?