Can I, an undischarged bankrupt, withdraw my Retirement Account savings above the Basic Retirement Sum if I own a property?
As an undischarged bankrupt, you can withdraw your Retirement Account savings if you own an HDB property that has remaining lease that can last you to at least 95 years old.
If you own a private property with remaining lease that can last you to at least 95 years old, you can withdraw your Retirement Account savings above your Basic Retirement Sum, provided the retirement sum you set aside (after the withdrawal) and the CPF savings you have used for the property including the accrued interest (P+I) is enough to make up your Full Retirement Sum. Otherwise, you will not be able to withdraw your Retirement Account savings above the Basic Retirement Sum because your private property is vested with the Official Assignee and no additional charge can be created on the property. For clarification on this, you may approach the Official Assignee.
