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I have used my CPF to pay for my HDB. Lets say I am not going to sell it in my lifetime but my children will sell when I pass on. Does my children have to pay for the acrued interest that I have incurred?
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1 Answer

Hi,

1) Whatever amount it is for the accrued interest is the interest you are supposed to receive from the CPF board if never used for any purchase/investment.
2) At the end of the day, it still belongs to you.
3) After you passed on, the CPF Board will distribute the remaining amount including the sale proceed from the selling off your flat according to all the beneficiaries stated in your CPF
4) Your beneficiaries have to provide a necessary document to the CPF board upon completion of the sales to collect all the funds in your CPF accounts.
5) Ensure all beneficiaries are present so as not to cause unnecessary delays in the funds' distribution.
6) Your children can ignore any claims from the CPF board to top up the accrued interest.

Hope the above answer to your main concerns, but if there are more query, please feel free to contact me at 90110636  , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.

Best regards
Ling CK
 90110636 
ling.ck7@gmail.com
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer

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