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Hi Lion,
In regard to this “CPF scheme an obstacle to home-loan financing” published in the Straits Times on 27 June’14 – http://www.straitstimes.com/premium/forum-letters/story/cpf-scheme-obstacle-home-loan-financing-20140627
In the above case, I would like to know is there anyway to get the money out from the CPF retirement account and put it back to the Ordinary account once you turn 55 years old in order to service their HDB mortgage?
ReplyDear James,
I think you need to contact CPF. It could be on a case by case basis. This was the reply.
But even then, eventually, you will hit one of the withdrawal limits.
http://www.martinlee.sg/property-valuation-limit-and-cpf-withdrawal-limit/
ReplyFor the sake of $$, some people go all the way out to earn it in whatever ways.
Did you read today’s ST Forum about a bank transferring funds and the account holder doesnt seem to have a single clue? This is absurd and maybe it is better to put my money under my bed.
ReplyThis issue was brought up by an elderly lady during Hri Kumar CPF session. http://www.mycarforum.com/topic/2695053-dbs-account-hacked-to-pay-iras/
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