Should I use CPF or cash to pay for BTO? - Seedly

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Asked by Anonymous

Asked on 27 Jan 2019

Should I use CPF or cash to pay for BTO?

I am able to fully pay for BTO.

Question is to use CPF or cash to pay for the BTO.

Background : person is contact worker with disability and minor health issues

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Tan Yin Loo
Tan Yin Loo
Level 2. Rookie
Answered on 30 Jan 2019

I would say use a huge portion of CPF as you might not know whether how CPF board choose to let you withdraw money from CPF when you hit your retirement age. see https://www.theonlinecitizen.com/2019/01/28/totally-illogical-to-suggest-cpf-payout-term-of-28-years-where-there-is-no-one-to-receive-balance-payout/

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