Anonymous

09 Aug 2020

∙

If I am inheriting my parents' flat after they pass on, do I need to channel the funds gained from selling the flat back into my CPF, if my parents' used their CPF to pay for the flat?

According to this FAQ,

it states that the funds used need not be channeled back to my parents' CPF, but what about my CPF? I don't understand what the last sentence of the answer is saying...

2

Discussion (2)

What are your thoughts?

Learn how to style your text

Nicholas Beh

08 Aug 2020

Student Ambassador 2020/21 at Seedly

No, you do not need to. Unless you used your own CPF to pay for the flat (which would require you to be a co-owner at least), there is no requirement to pay back the withdrawn amount into CPF after death.

Reply

Save

View 1 replies

Write your thoughts

Related Posts

Am at age 26 soon and going to use my cpf to pay for housing, curious to ask was your house funded by OA in cpf and how long did you take to save back the Amt used in OA? ?

Currently I'm paying for my flat with a HDB loan and if I have spare cash, would it be better to reduce the loan amount/duration or pay back my CPF used for the flat?

I've just finished a 3 year course and have paid the Uni fees using my mum's CPF. However, I know once she turns 55, she'll be able to waive it off so that I do not need to pay back in the CPF Acc.

We used CPF to pay HDB. But after we fully paid using CPF after 25 years loan, we sell the house to buy another, why are we still paying the interest in the loan when the CPF money should belong to us? What do you guys think?

During BTO key collection, can I indicate to pay the mortgage using CPF-OA funds but repay my CPF-OA using cash every month / year? Will there still be accrued interest if I repay using cash monthly?

Related Posts

Am at age 26 soon and going to use my cpf to pay for housing, curious to ask was your house funded by OA in cpf and how long did you take to save back the Amt used in OA? ?

Currently I'm paying for my flat with a HDB loan and if I have spare cash, would it be better to reduce the loan amount/duration or pay back my CPF used for the flat?

I've just finished a 3 year course and have paid the Uni fees using my mum's CPF. However, I know once she turns 55, she'll be able to waive it off so that I do not need to pay back in the CPF Acc.

We used CPF to pay HDB. But after we fully paid using CPF after 25 years loan, we sell the house to buy another, why are we still paying the interest in the loan when the CPF money should belong to us? What do you guys think?

During BTO key collection, can I indicate to pay the mortgage using CPF-OA funds but repay my CPF-OA using cash every month / year? Will there still be accrued interest if I repay using cash monthly?