Scheduled Maintenance: CPF digital services will not be available on 4 Feb 2024, from 12am to 8am.

Your page is loading.
One moment please.

How much do I need to refund to my CPF account if I am either selling my whole property, transferring or selling my share of the property to another party?

In order to determine the amount that you need to refund to your CPF account, you will need to confirm if you are selling your whole property, 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You will need to refund the CPF principal amount withdrawn plus the accrued interest ("P+I").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. 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You will need to refund the CPF principal amount withdrawn plus the accrued interest ("P+I").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 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. 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You will need to refund the CPF principal amount withdrawn plus the accrued interest ("P+I").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 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. 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:


 

 

*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.