View Full Version : CPF Minimum Sum and Home Loan

Curry Chicken
25th February 2012, 06:23 PM
Can anyone tell me more about the CPF Minimum Sum and what it has to do with a home loan?

26th February 2012, 05:16 PM
The CPF Minimum Sum is the sum of money that Singaporeans and PRs have to set aside in their Ordinary and Special Accounts. As of 2011, the CPF Minimum Sum is $131,000. The Minimum Sum will be increased this year (2012) and the next, such that it reaches $120,000 (in 2003 dollars). A monthly sum is paid to you from the CPF Minimum Sum upon your retirement.

As to the relationship between the CPF Minimum Sum and your home loan - you can use everything you have in your Ordinary Account to pay towards your first property. For subsequent properties, you can pledge the properties up to 50% of the Minimum Sum, which in essence means that you have to maintain at least 50% of the Minimum Sum in your CPF account for purchase of a 2nd property onwards.

Curry Chicken
6th March 2012, 09:19 PM
You're the best Halcyon!

25th June 2012, 06:42 PM
The CPF Minimum Sum for 2012 is $139,000.