Beware of scam calls and scam messages impersonating as CPF officers asking for your personal details. Ignore them and do not share your Singpass ID/password or banking details with anyone. CPF officers will NOT ask for your Singpass, banking userid or password.

Scheduled Maintenance: CPF digital services will not be available from 26 Nov 2022, 10pm to 27 Nov 2022, 7am.

Maintenance: CPF digital services are not available on 22 Nov 2022 from 12.30pm to 2.30pm. You may access CPF Mobile app.

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I may either be selling my whole property, transferring or selling my share of the property to another party. If so, how much do I need to refund to my CPF account?

Please confirm if you are selling your whole property, transferring or selling your share of the property to another party in order to determine the amount you need to refund to your CPF account.

You will need to refund the CPF principal amount withdrawn plus the accrued interest ("P+I").

 

If you have attained the age of 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. After this, any balance housing refunds will be paid to you in cash.

 

If the selling price (including the option monies) after paying the outstanding housing loan is not enough to fully refund your required CPF refund, you do not need to top up the shortfall in cash, provided that the property is sold at market value. However, the option monies (e.g. option fee and option exercise fee) received from your buyer in cash upon the sale of your property are considered part of the selling price and need to be refunded to your co-owner's and your CPF accounts before the transaction can be completed.

 

The refunded amount will be returned to your co-owner's and your CPF accounts in the following proportions:

 

Amount returned to owner A's CPF Account:

formula for amount to be refunded to owner A

Amount returned to owner B's CPF Account:

formula for amount to be refunded to owner B

You will need to refund the CPF principal amount withdrawn plus the accrued interest ("P+I").

 

If you have attained the age of 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. After this, any balance housing refunds will be paid to you in cash.

You will need to refund the CPF principal amount withdrawn plus the accrued interest ("P+I").

 

If you have attained the age of 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. After this, any balance housing refunds will be paid to you in cash.

 

If the part share selling price less your share of the outstanding housing loan is insufficient to fully refund your required CPF refund, and provided that the part share transaction is conducted at market value, your will need to refund the higher of the below two figures, capped at your P+I*, calculated by the formulae below:

Figure 1

Part share selling price – x% of outstanding housing loan

Where x% = your share of property sold

Figure 2 Your required CPF refund / Total required CPF refund of you and co-owner x Balance sale proceeds

where balance sale proceeds = Selling price of entire property less outstanding housing loan

 

*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.