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Going through a divorce is an emotionally difficult time. In addition, one of the key issues that you will have to face is the division of your matrimonial assets. If you have used your CPF to buy your house together, you need to think about what you want to do with your matrimonial home. |
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If you have used your CPF savings to purchase your property, a charge will be created to ensure that a refund is made to your CPF account when you dispose of your property. The required CPF refund (if any) under the various conditions are stated below: |
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if you are below age 55 , you need to refund the principal CPF amount withdrawn together with the accrued interest. |
| (b) |
If you are aged 55 and above, and you had pledged your property as part of your Minimum Sum, you will need to refund the pledged amount plus accrued interest. Otherwise no refund is needed. | |
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Do note that you need to put back the required CPF refund(s) to your respective CPF account(s) when you sell or transfer your property. Otherwise, the charge on the property remains and you will not be able to complete the transaction. |
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If your matrimonial flat is (a) a HDB flat, click here. (b) a private property, click here. |
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Click here to see the common FAQs. |
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Click on the links below to find out more about how a divorce may affect your other life events: |
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