You should check if the cash consideration is sufficient to make the required refund to your CPF account upon the transfer of property. If the cash consideration is not enough to cover the required refund, you will need to make up the difference in cash, in a lump sum, upon the completion of the transfer of the property to your ex-spouse.

 

On the other hand, if the cash consideration is more than enough to cover the required refund, the Board will only collect the required refund amount to your CPF account. For example, the Court has instructed your ex-spouse to pay you a cash consideration of $60,000 and you are to use this sum to make your required CPF refund amount. As at the date of transfer, your required refund is $25,000. In this case, the Board will only accept $25,000 to your CPF account.