I have withdrawn my CPF savings on Reduced Life Expectancy. Why do I need to refund the CPF principal amount and accrued interest when I sell my property?
The CPF savings that you had previously withdrawn for your property did not form part of the amount approved for withdrawal of CPF on Reduced Life Expectancy. Therefore, upon the sale of your property, the CPF principal amount withdrawn for the property and the accrued interest will need to be refunded to your CPF account. You can apply to withdraw the refunded amount under Reduced Life Expectancy if you are eligible to.