If I contribute more in both AD-HOC CPF and cash payments to the HDB loan, do I get back the same share I contributed when I sell my flat, or is it based on the 50-50 ownership with my spouse? - Seedly
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Anonymous

Asked on 08 Mar 2019

If I contribute more in both AD-HOC CPF and cash payments to the HDB loan, do I get back the same share I contributed when I sell my flat, or is it based on the 50-50 ownership with my spouse?

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Jim Tay
Jim Tay, Director at Jimtay.com
Level 3. Wonderkid
Updated on 07 Jun 2019

Hey! When you sell your flat the amount of CPF you need to return is based on the amount used + accrued interest in each of your respective accounts.

For cash payments, best to work out an internal arrangement between you and your spouse on how to split the proceeds depending on contribution or something :)

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šŸ‘ 0
Question Poster

11 Mar 2019

Does that mean cash proceeds won't automatically go back to the same person who contributed the $X? only for ad-hoc CPF repayments, it will go back to the same person?