If you are not selling your property, there is no need to discharge the CPF charge. If you do sell the property in the future, your lawyers will complete the discharge of CPF charge as part of the sale transaction.

 

However, if you would still like to discharge the CPF charge, please engage a lawyer to assist you with the discharge process. The lawyer will assist you with the legal documents required by Singapore Land Authority (SLA) and any conveyancing matters involved in the discharge process.  Please note that legal costs will be incurred in this process, and you will need to use cash to pay the legal costs.  

 

After the CPF charge is discharged, no further CPF savings can be used for the property. If you are above 55, the property cannot be pledged for the withdrawal of your Retirement Account savings above the Basic Retirement Sum. If you wish to do so, a new CPF charge is required, and legal costs will be incurred in the creation and lodgement of the new CPF charge.