Personal Finance
My CPF Ordinary Account (OA) will not be wiped off when taking a HDB Loan, so what?
By Seedly  •  August 28, 2018
< BACK TO MAIN BLOG 28th August 2018 Turning finance into boba-sized pieces. One iced milk boba tea, please! You can contribute your thoughts like Cherie here.

Before we get into the article, I just want to put a disclaimer that this article is not sponsored. I was reading the news this morning and came across this article. I thought it would beneficial for us if we understood the new rulings better.

That being said, all opinions are our own.

You can now choose to NOT wipe your CPF off when purchasing HDB

Yes, you did not read that wrong. You can choose to leave up to S$20,000 in your CPF as Channel News Asia reported,

“Flat buyers can now choose to keep up to S$20,000 each in their Central Provident Fund (CPF) when taking a loan from the Housing and Development Board (HDB), the housing board said

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By Seedly
Launched in 2016, Seedly helps users make smarter financial decisions with its budgeting app which allows its 40,000 users to sync up their financial accounts and better manage their cash-flow. Last year, we introduced a new community feature which allows users to crowdsource knowledge from peers before making a financial decision.
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