If you are not selling your property, there is no need to discharge the CPF charge. If you do sell the property in the future, your lawyers will complete the discharge of CPF charge as part of the sale transaction.
However, if you would still like to discharge the CPF charge, please engage a lawyer to assist you with the discharge process. The lawyer will assist you with the legal documents required by Singapore Land Authority (SLA) and any conveyancing matters involved in the discharge process.
The CPF charge was lodged with the SLA by your lawyer when you first withdrew your CPF towards your property. Similarly, the discharge of this charge, requires careful legal documentation and lodgement of documents with SLA. Legal costs will be incurred in this process.
For queries on the discharge process, which is a legal conveyancing procedure, please contact
Ministry of Law or a law firm of your choice.
Important considerations after discharge
Once the CPF charge is discharged, no further CPF transactions can be made for the property. This means you cannot:
- use CPF savings for the property
- make voluntary housing refunds to your CPF account for this property
- pledge the property for withdrawing Retirement Account savings above the Basic Retirement Sum if you are above 55. Should you wish to pledge the property at a later date, you will need to create a new CPF charge which will involve additional legal costs for creation and lodgement of the new CPF charge.
