NEWSLETTER ISSUE #02
FEBRUARY 2024
Navigating CPF for a Secure Retirement and Property Journey
Smart Moves to Safeguard Your Finances
In this edition, we will discover and understand the potential consequences of relying too much on your CPF over time and if actions are not taken, how it could shape your future planning.
Unveiling the Impact of CPF Accrued Interest
Discover the hidden effects of using your CPF for the down-payment and monthly mortgage. Did you know that the 2.5% compound yearly interest in your Ordinary Account could significantly impact your finances over time? Learn how this can affect your property's cash earnings upon selling, especially for the elderly.
Maximizing CPF Refunds for Home Owners
In the post-Covid era, HDB prices are on the rise. Learn how savvy homeowners are fully refunding their CPF usage, preventing potential negative sale situations. Younger property owners are resetting CPF usage strategically to safeguard their cash earnings during property transactions.
Unveiling the Importance of CPF Valuation Limit
Explore the often-overlooked CPF Valuation Limit, now a critical consideration for long-term property ownership. Understand how reaching the full Valuation over the loan period can lead to capped CPF withdrawal, potentially requiring cash for monthly mortgage payments in your later years.
Decoding CPF Withdrawal Limits
Dive into the details of CPF Withdrawal Limits, set at 120% of the Valuation Limit, with an example of $480,000. Once this limit is reached, your down-payment and monthly mortgage payments must be made in cash. Learn how to proactively manage your CPF usage over the years to avoid reaching this limit and secure a smoother financial journey.
