Home Protection Scheme (HPS) premiums are consumptive in nature, which means that when your family member (who is your spouse, parent, child, or sibling) uses their Ordinary Account (OA) savings to help with your HPS premium payment, they will have less CPF savings for their retirement.

 

This is why only certain family members, who are co-owners of the flat, are allowed to use their CPF OA savings to pay your HPS premium. By doing so, they can help to secure the family home while limiting the impact on their retirement savings.