Law Soc: CPF Board - Circular on use of Retirement Account savings for housing
Publisher: Law Society
Effective: 22 Nov 2020
Certain documents mentioned in this notice are accessible only by Law Society Members with their user ID and password via The Law Society of Singapore website.
CPF Board will discontinue the process flexibility on the usage of Retirement Account ('RA') savings for housing to reinforce the public position that RA savings are intended for retirement needs.
Clients who wish to use their RA savings for housing are advised to apply to withdraw their RA savings in cash (with a property pledge/sufficient charge), which they can then use for housing loan payments.
Click here to read the circular.