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Old 14-09-2018, 10:33 PM   #6
henrylbh
Arch-Supremacy Member
 
Join Date: Mar 2004
Posts: 11,187
This is all about proper accounting procedure.

What is taken out need to be returned + interest to your account as like it is there all along.
No, it was not like it is there all along. Then it was there and then not there and now it not here and not there

Last time when one has met the min sum at 55, CPF principal amount withdrawn and accrued interest no longer exist. When a flat is sold, the proceeds go directly to the CPF member. Even if member wants the money to go back CPF, they donít allow.

Later on, CPF principal amount withdrawn (for 55er who met MSS) was briefly shown with accrued interest. But amount to be refunded would be shown as NIL

Then it was changed to show only CPF principal amount withdrawn from 1 Jan 2013 and the accrued interest and this is the amount that is to be refunded. But CPF principal amount withdrawn before 1 Jan 2013 was not shown.

Then it was changed to include principal amount withdrawn before 1 Jan 2013 and this is distinguished from CPF principal amount withdrawn from 2013 and the total accrued interest (with no distinction). But another line would show only CPF principal amount withdrawn from 2013 and its related interest and this is the amount that need to be refunded

So why care about CPF charge on property when panadol can't help the above can and cannot.
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