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What happens if you divorce?
 
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 savings to buy your house together, you need to think about what you want to do with your matrimonial home.
 
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. Hence, you will need to refund the principal CPF amount withdrawn for the property, including the accrued interest, to your CPF account when you sell or transfer the property. Otherwise, the charge on the property remains and you will not be able to complete the transaction.
 
If you are aged 55 and above when you sell your property, the CPF refunds will be used to top up your Retirement Account up to your cohort Minimum Sum and your Medisave Account up to the current Medisave Minimum Sum. Any excess housing refunds will be paid to you within 5 working days from the date the refund is credited to your CPF account.
 
From 1 October 2007, you may transfer your share in the property to your ex-spouse with partial or no refunds to be made to your CPF account, if the Court had directed so. This ruling applies to Court Orders extracted on or after 1 October 2007 and cannot be applied retrospectively.
 
However, when your ex-spouse subsequently sells or transfers the property, he/she will be required to refund to his/her own CPF account the total of the following:
 
i.
the amount of required CPF refund that was not refunded to your CPF account including interest that would have accrued on this portion and
ii.
the total principal CPF amount withdrawn by your ex-spouse including the accrued interest.

If your ex-spouse is aged 55 and above, the CPF refunds will be used to top up his/her Retirement Account up to his/her cohort Minimum Sum and Medisave Account up to the current Medisave Minimum Sum. Any excess housing refunds will be paid to him/her thereafter.
 
There will be no refund to your CPF account when your ex-spouse subsequently sells or transfers the property.
 
If your matrimonial flat is
(a) a HDB flat, click here.

(b) a private property, click here.
 
Click here to see the common FAQs.
 
Click on the links below to find out more about how a divorce may affect your other life events:
-
-
- Reaching 55
- Managing Your Retirement
 
 

 Buying A House
What is your current financial situation?
Should you buy an HDB flat or a private property?
When can I use my CPF savings to buy a home?
What can CPF savings be used for?
How much CPF can you use?
What important factors should you be aware of when using CPF to repay a housing loan?
When will CPF charge take effect?
What happens when you sell?
What if you are a bankrupt?
Other considerations
Moving forward
   

 Last Updated on: Friday, January 03, 2014 at 5:21 PM
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