Whether your CPF can be used to repay housing loans after 55, depends on how much CPF savings you have at 55, and how much you have already used for housing.
When you turn 55, a Retirement Account (RA) is created using savings from first your Special Account, then Ordinary Account (OA) to meet the Minimum Sum (MS) relevant to your cohort. While the MS provides monthly payouts from your draw down age, the balance in your OA can be used for housing loan repayments.
Members who are able to set aside more than half of the MS, will be able to use the amount in excess of half of the MS for housing loan repayments.
For example:
 |
If you continue working after 55, your CPF OA contributions can also be used for housing loan repayments.
However, housing withdrawal limits may apply. This is to safeguard members from overspending on their housing loan repayments at the expense of their retirement savings.
Source: InTouch CPF
Here at this site really the fastidious material collection so that everybody can enjoy a lot. Progressive Finance
ReplyDeleteLenders can be more flexible when it comes to secured loans, making a secured loan possible when you may have been turned down for an unsecured loan. Fix Flip Loans North Carolina
ReplyDeleteI don’t waste my free time that’s why I read the informative things when I got this blog I really enjoyed reading this. bad credit loans from Loans Geeks
ReplyDeleteNow that is the thing that I call a colossal blog. Wonderfully composed.
ReplyDeletelong term cash loans
It would not be reasonable in the event that we compliment all the blog compositions yet not the creator. Incredible Work!
ReplyDeleteguaranteed approval bad credit loans
With a Debt Consolidation Loan you can borrow from £5,000 to £75,000 and up to 125% of your property value in some cases. It can reduce BOTH your interest costs AND your monthly repayments, putting you back in control of your life.payday loans las vegas nv
ReplyDeleteI adore your websites way of raising the awareness on your readers.
ReplyDeleteshort term cash loans
Wow i can say that this is another great article as expected of this blog.Bookmarked this site.. alternative called TheLoanRepublic.com
ReplyDeleteHello, this weekend is good for me, since this time i am reading this enormous informative article here at my home. Buymodafinilonline.reviews buy modafinil online is packed with essential features
ReplyDeletedefinately enjoy every little bit of it and I have you bookmarked to check out new stuff of your blog a must read blog! MONEY LENDING
ReplyDeleteThe house down the street is selling for $150,000, but the foreclosure is selling for $65,000. The foreclosure looks horrible and not very appealing in it's current state. Take the blinders off and imagine it like the house down the street once the repairs are completed.Senior Assisted Living Los Angeles
ReplyDeleteIf you're thinking about selling a house by owner, ancaster condos for sale otherwise known as "for sale by owner" (or FSBO), one of the primary factors that will determine your success is how to price a house.
ReplyDeleteMany people are confused by the different types of loans available. Here is a helpful loans guide of the most common loans available today. police credit union
ReplyDeleteExcellent post. I really enjoy reading and also appreciate your work. This concept is a good way to enhance knowledge. Keep sharing this kind of articles, Thank you. Easy Cash Loans
ReplyDeleteAmazingly accommodating post. This is my first time I visit here. I found such countless interesting stuff in your blog especially its trade. Really its phenomenal article. Keep it up. writing a business plan
ReplyDeleteYou have a really nice blog! Interested in loans from direct lenders. A car repair, an unexpected medical bill, or for any other reason payday loans! are known as the best way to solve immediate problems.
ReplyDeleteThis is a great article thanks for sharing this informative information.. I will visit your blog regularly for some latest post.
ReplyDeleteBest Mortgage Rates in Canada
This is a really good read for me, Must admit that you are one of the best bloggers I ever saw.Thanks for posting this informative article.Best Mortgage Rate in Aurora
ReplyDeleteNice post.I like the way you start and then conclude your thoughts. Thanks for this information .I really appreciate your work, keep it up.Best Mortgage Rate in Vaughan
ReplyDelete
ReplyDeleteYou really make it seem so easy with your presentation but I find this topic to be really something which I think I would never understand.Best Mortgage Rate in Hamilton
I would like to thank you for the efforts you have made in writing this article and i am hoping the same best work from you in the future as well.Best Mortgage Rate in Kingston
ReplyDeleteNice post.I like the way you start and then conclude your thoughts. Thanks for this information .I really appreciate your work, keep it up.Best Mortgage Rate in North bay
ReplyDeleteGood post....thanks for sharing.. very useful for me i will bookmark this for my future needed.thanks for a great source.Best Mortgage Rate in Mississauga
ReplyDeleteNice post.I like the way you start and then conclude your thoughts. Thanks for this information .I really appreciate your work, keep it up.Blended Mortgage
ReplyDelete
ReplyDeleteExcellent read, I just passed this onto a colleague who was doing a little research on that. And he actually bought me lunch because I found it for him smile So let me rephrase that.Best Mortgage Rate in Pickering
I generally check this kind of article and I found your article which is related to my interest. Genuinely it is good and instructive information, loan broker Singapore Thankful to you for sharing an article like this.
ReplyDeleteI would like to thank you for the efforts you have made in writing this article and i am hoping the same best work from you in the future as well.Best Mortgage Rate in Ottawa
ReplyDeleteAlways so interesting to visit your site.What a great info, thank you for sharing. this will help me so much in my learning.Best Mortgage Rate in Burlington
ReplyDeleteThank you for sharing this great information click here
ReplyDeleteAmazing click here
ReplyDeleteYou are sharing a particularly decent article here. It is a significant and factual article for us. Thankful to you for sharing an article like this.Housing Loan Providers Gorakhpur
ReplyDeleteYou have worked nicely with your insights that makes our work easy. The information you have provided is really factual and significant for us. home loan compare singapore Keep sharing these types of article, Thank you.
ReplyDeleteI always check this type of advisory post and I found your article which is related to my interest. This is a great way to increase knowledge for us. Thanks for sharing an article like this.Low Rate APR Loans in USA
ReplyDelete