Hi,
1) I believed you are referring to the accrued interest in your CPF account.
2) From fiancial prospective, let said you borrow money from me to fully pay your mortgage. You will still own me money even though your mortgage is fully paid. Except that this "me" is "yourself".
3) From the primary objective of CPF creation, this amount was intend only for your retirement. Meaning you can only use this money when you reached your retirement age.
4) Therefore, now after you used this amount for your housing. You own your retirement sum + accrued interest.
5) When one day you don't need this house anymore, all sale proceed will return to your CPF account and pay for all your daily expenses.
6) Thus continue to calculate the interest is a practical way of ensure you have adequate amount for your retirement does make sense.
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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