If the intent is for you to transfer your share of the EC to your spouse, or for your spouse to transfer his/her share of the EC to you, you and your spouse may also agree on whether any CPF refunds are to be made to the CPF Accounts of the person who gives up ownership of the EC.

The following example is for illustration purposes only and is not intended to be representative. Whether one can proceed with the transfers cited in the examples below is ultimately subject to the prevailing HDB and CPF Board policies. You may wish to consult a legal professional for more personalised and in-depth advice.

Anita would have to use cash and/or housing loan for the balance of $592,500 in order to complete the transfer of Nathan’s share of the EC to her.

What Happens When You Sell or Dispose the EC in the Future?

If your spouse transfers his/her share of the EC to you with partial or no CPF refunds to his/her CPF Accounts, when you eventually sell or dispose of the EC in future, you will have to refund the following amounts into your CPF Accounts:

1. Amount of CPF monies your spouse used to purchase the EC which was not refunded at the time of the transfer of your spouse’s share of the EC to you, including accrued interest;
2. Amount you withdrew from your CPF Accounts for the EC, including accrued interest; and
3. Any amount you and your spouse have pledged (using the EC) to make up your and his/her retirement sum, if applicable.

Need More Information?

For further assistance on the transfer of ownership of the EC, you may wish to contact HDB.