Why are only certain family members allowed to pay my Home Protection Scheme premium using their CPF Ordinary Account savings?
Home Protection Scheme (HPS) premiums are consumptive in nature. When your family member (i.e. spouse, parent, child or sibling) uses his Ordinary Account (OA) savings to help with your HPS premium payment, he will have less CPF savings for retirement.
Extending the use of OA savings for premium payments to certain family members, who are co-owners of the flat, is to enable your family to secure the home while limiting the impact on your family member's retirement adequacy.