I have withdrawn my CPF savings under the Reduced Life Expectancy scheme. Do I need to refund the CPF principal amount and accrued interest when I sell my property?

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Accepted Answer

Yes, you must refund the principal CPF amount withdrawn for your property and the accrued interest to your CPF account when you sell your property. The refunds will be used to top up your Retirement Account up to your Reduced Retirement Sum (RRS), and any remaining refunds in excess of the RRS will be credited to your Ordinary Account (OA). Check the amount that you have to refund in the “What happens if” section on your Home ownership dashboard.

Withdrawing additional CPF savings after refunds are credited

Once the refunds from your property sale have been credited to your CPF account, you can submit an online request using your Singpass for CPF to assess your eligibility for further withdrawal under the RLE scheme.

We will review your request and inform you of your eligibility status.

I have withdrawn my CPF savings under the Reduced Life Expectancy scheme. Do I need to refund the CPF principal amount and accrued interest when I sell my property?

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