Anonymous

21 Feb 2020

∙

I have a CPF 30K investment done 6 yrs ago and now intend to purchase a resale with a HDB loan. Since I need to wipe out my OA (w 20K left), does it mean i have to return the investment to CPF?

I have a CPF 30K investment done 6 yrs ago and now intend to purchase a resale with a HDB loan. Since I need to wipe out my OA (w 20K left), does it mean i have to return the investment to CPF?

1

Discussion (1)

What are your thoughts?

Learn how to style your text

Gabriel Tham

21 Feb 2020

Tag Team Member at Kenichi Tag Team

If your money is still invested, CPF cannot wipe out your investment. They can wipe out the un-used CPF money only.

Reply

Save

Write your thoughts

Related Posts

Does HDB loan always mean less downpayment compared to bank loan? Since we are forced to wipe out our entire OA savings upfront to reduce the mortgage loan (with the option to keep 20k).?

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?

Is it true that if the HDB Loan amount is sufficient to cover the BTO purchase price, I do not have to wipe my CPF OA above $20k?

Should we wipe out CPF OA and take lower HDB loan or keep 20k each in OA with higher loan amount to earn the 3.5% interest?

45 yrs old, saving for retirement. I'm thinking of investing my OA aggressively using Endowus. But does that mean I need to liquidate all my funds by 65 yrs old latest to optimize CPF Life payouts?

Related Posts

Does HDB loan always mean less downpayment compared to bank loan? Since we are forced to wipe out our entire OA savings upfront to reduce the mortgage loan (with the option to keep 20k).?

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?

Is it true that if the HDB Loan amount is sufficient to cover the BTO purchase price, I do not have to wipe my CPF OA above $20k?

Should we wipe out CPF OA and take lower HDB loan or keep 20k each in OA with higher loan amount to earn the 3.5% interest?

45 yrs old, saving for retirement. I'm thinking of investing my OA aggressively using Endowus. But does that mean I need to liquidate all my funds by 65 yrs old latest to optimize CPF Life payouts?