[sgbuffett]

Anyone done CPF housing refund with Cash to reduce the accured interest and to build up the OA amount ?

When you do this it is not counted towards annual top up limits?

no, the limit is the loan amount.

so you can do a $1m refund if you have a $1m cpf loan

What is consequences or not paying this "loan"?

I see it as a way to detain funds from sales of HDB back in CPF.

Suppose one already has $600K in CPF then sell property and get $500k if loan is $200K ...200K returns to CPF as if person never take out CPF.

By right person with $600K already meet the min sum etc.

All these rules just end up locking up more and more into CPF.  All these resources locked is not the best way to manage people's resource.

If person has more than X$ in CPF let's fix X$ at 750k...he should be exempt from all rules to keep adding to CPF...once he agrees to put it in the special account.

It's not a good thing to lock up so much funds and create an economy of super high savers ....look at Japan the whole economy declined as the nation became a nation of savers