facebookIs there accrued interest if I use the amount inside OA/SA for CPF IS, just like how I use the amount to pay for housing? - Seedly

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Anonymous

31 Oct 2020

CPF

Is there accrued interest if I use the amount inside OA/SA for CPF IS, just like how I use the amount to pay for housing?

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Elijah Lee

Elijah Lee

10 Jun 2020

Independent Financial Advisor at Phillip Securities (Jurong East)

Hi anon,

Accrued interest is only for housing, it does not apply to investments made under CPF IS. Your investment proceeds will be returned to your OA/SA when you sell off and you don't have to make up for anything.

Shengshi Chiam, CFA

Shengshi Chiam, CFA

10 Jun 2020

Personal Finance Lead at Endowus

Hi Anon,

No there is no accrued interest for CPF investments, unlike housing. CPFIS monies when sold will go back to OA or SA respectively.

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