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Anonymous

13 Mar 2023

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My sis copaid my parent's house with her CPF. Is 15% from the sale of the house justified as a token for her contributions?

My sis copaid my parent's house with her CPF. Now that we're selling the house, she will get back her CPF with accrued interest. We're thinking of giving her additional 15% from the sale of the house, and are wondering if this sum is justified as a token for her contributions. Is 15% (amounts to about 85k) too much or too little?

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Connie

15 Mar 2023

From a 'fairness' perspective, should get back her share from total sales proceeds, relative to her fraction contributed compared to your parents.

Donr need to let CPF accrual interest complicate matters as your parents would also have had to take a loan and pay interest or lost out on interest from their own contributions too.

I prefer never to mix money with family other than spouse.

So complicated and annoying.

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LLy

13 Mar 2023

Honestly, I feel this is a private matter. This proposed 15% is akin to paying a commission for the service (repaying from CPF).

Whether she get 0% extra or anything else, it should be discussed with the family - your parents (if they're still alive) & their children (in the event where your parents intended the flat proceeds as inheritance).

Moreover, you are siblings. If one is in more financial needs than the other, then there might not be a "rightfully whose" question.

We, as outsiders, can say it's too much or too little, but ultimately we don't know your entire family situation.

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