I have made another voluntary housing refund to my CPF OA account today.
I decided to refund cash into my CPF OA account as I do not like the idea of accrued interests incurred on withdrawn savings from CPF OA account for property payments.
The accrued interests are rightfully money supposedly to be paid by the government to our own savings for retirement. Just because we gave ourselves a personal loan from retirement funds, the interests are forgone, accrued and will be deducted from the proceeds of property sale in future.
I like to borrow money from myself, and pay back myself whenever and however I feel like it, at maximal levels of freedom and flexibility. This voluntary housing refund is a great scheme which aligns with my interests.
Below shows the current amount used for property down-payment in my CPF OA account.
There it goes after I cleared the disposable cash in my OCBC savings account.