The courts ordered my ex-spouse and me to make our CPF refunds from our respective shares of sale proceeds. My share is insufficient to make the full refund. Can I waive the shortfall in refund?

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Accepted Answer

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.

The courts ordered my ex-spouse and me to make our CPF refunds from our respective shares of sale proceeds. My share is insufficient to make the full refund. Can I waive the shortfall in refund?

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