Anonymous

14 Nov 2021

∙

If my parent sell off their current HDB, after returning CPF refunds plus accrued interest. Will it goes to top-up their RA?

And the remain sale proceed then return to them?

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Markus

14 Nov 2021

Real Estate Consultant at Propnex Realty

If your parents are below age 55, they only need to refund the principal and accrued interest back to their OA.

If they are above 55, they have to refund the principal, accrued interest and top up their RA up to the full retirement sum. This sum is fixed at the year they turn 55. However, they can still use their RA savings above the basic retirement sum to buy their next home (remaining lease must be able to last the youngest buyer until age 95). They can keep the remaining cash proceeds (if any) after the refunds to the respective accounts.

If you need anymore advice I can be reached at @0xmarkus on Instagram!

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If I buy a resale HDB before selling and take a 2nd HDB loan, between the refund to CPF and HDB wipe out of OA, can I transfer part of the OA to SA? Or must all refunded CPF go to the new HDB loan?

I had been paying my HDB housing loan for the past 3 years. If I do Partial Capital Repayment using CPF, does it benefit me from the loan interest rate and also accrued interest on my Cpf.?

Is there any difference in interest if i top my CPF SA or RA account with cash? If not, how would u choose whether to top up SA or RA account?

For CPF top-up, is there any difference of interest earned in the SA/MA when I top-up on the last day of the calendar month, rather than first day of the month?

For CPF, after age 55, can top-up any amount in SA account to earn the 4% interest rate, eg $50k? And afterwhich can withdraw any amount anytime? Or have to top-up just below age 55?