facebookIf you have enough CPF to fully pay a BTO, do you still accrue interest from CPF? - Seedly

Anonymous

18 Apr 2019

Property

If you have enough CPF to fully pay a BTO, do you still accrue interest from CPF?

Let's say BTO costs 200k and you have 300k+++ in the CPF to deduct. Will CPF still accrue interest if you decide to fully pay the BTO at one shot?

Discussion (4)

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On top of using CPF money, the Enhanced CPF Housing Grant, or HDB Grant, is another important policy that is helping Singaporeans cope with the high costs of purchasing a home.

Yes. U do. Even if fully paid up, if you have use the OA money for paying hdb loan. There will be accrue interest. It will keep on accumulating unless u pay cash to cpf.

Gerard Ong

06 Sep 2018

Tax Manager at Ernst & Young

Yes of course, because it is akin to "borrowing" a loan from your own cpf account. The 200...

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