How much do I need to refund to my CPF account if I am transferring or selling my share of the property to another party?
If you are transferring or selling your share of the property to another party, you will need to refund the CPF principal amount withdrawn plus the accrued interest ("P+I").
If you have reached 55 and have pledged the property to make up your retirement sum, you will need to refund the pledged amount on top of the P+I. The amount refunded will be used to top up your Retirement Account, up to your Full Retirement Sum. Any balance housing refunds will be paid to you in cash.
If you are selling your share of the property to another party at or above market value and the selling price after deducting your share of outstanding housing loan is insufficient to fully refund your required CPF amount, you may refund the higher of the below two figures, capped at your P+I*.
*If you have pledged the property to make up your retirement sum, the amount will be capped at the sum of P+I and the pledged amount.
