Anonymous

04 Jan 2021

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

I've recently heard that I can do a cash refund for CPF funds used to purchase my property.

My property is fully paid using CPF, and I am now past 55 years old. My RA has the FRS required.

Assuming the max I can refund is $300k, can I refund eg $100k in cash, then withdraw $100k from my OA, and do this for 3 times so that I do not owe CPF any additional accrued interest?

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Ryan

04 Jan 2021

You can technically do that but if you have any money still in SA, your withdrawn money will come from SA before it comes from OA.

Do remember SA earns interest at 4% when OA earns at 2.5%

There is no penalties with accrued interest. Why would you want to get rid of it?

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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?

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 Should I use spare cash to make a voluntary refund of housing amount withdrawn at CPF ($150k including accrued interest) or do partial payment of housing loan (1.8%,$140k left)?

Is possible to do a cash refund of the CPF OA amount withdrawn for our BTO on our own time own target in the future?

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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?

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?

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 Should I use spare cash to make a voluntary refund of housing amount withdrawn at CPF ($150k including accrued interest) or do partial payment of housing loan (1.8%,$140k left)?

Is possible to do a cash refund of the CPF OA amount withdrawn for our BTO on our own time own target in the future?

Any difference between VC3A and housing refund if I have hit FRS and BHS? Will I be able to withdraw the topups from OA anytime if I am above 55?