To check the exact amount that you need to refund your CPF accounts if you sell/transfer your property, simply log in to your CPF Home Ownership Dashboard and look under the “What Happens If” section.
In general, the amount you must refund is the principal you have withdrawn for your property (P) and the accrued interest (I), i.e. “P+I”. If you are 55 or above, and have pledged your property to meet your retirement sum, you must also refund the pledged amount.
IMPORTANT NOTE:
However, please note that your required CPF refund is less than your P+I if you are:
- age 55 or older before 1 January 2013; and
- have met your Full Retirement Sum (FRS) before 1 January 2013.
This is because having met your FRS before 1 January 2013, you are not required by law to refund the CPF you have used to pay for your property prior to 2013. If you have continued to use your CPF from 1 January 2013, only the principal amount used from 1 January 2013 and the accrued interest need to be refunded when you sell your property.
