The courts ordered my ex-spouse and I to make our CPF refunds from our respective share of sale proceeds. My share is insufficient. Can I waive the shortfall in refund?
No, full requisite CPF refunds must be made in accordance with CPF legislation upon the sale of the property in a divorce. If your (or your ex-spouse’s) respective share of sale proceeds are not enough to cover the required refunds to your CPF account, you will need to make up the shortfall in cash.
If you and your ex-spouse are unable to proceed with the sale of the property, please seek legal advice on how your proprietary share in the matrimonial asset can be satisfied.
This information is sourced from CPF
Related questions
Can the courts order the sale (as opposed to a transfer (other than by way of sale)) of my share of the matrimonial property to my ex-spouse without any CPF refund?
Can I transfer my share in the property to my ex-spouse?
Do I need to make any CPF refunds if I sell my share of the property to my ex-spouse?
Do I need to refund my ex-spouse's CPF account if I take over the property?
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