Showing posts with label Withdrawal EPF. Show all posts
Showing posts with label Withdrawal EPF. Show all posts

Friday, 17 May 2013

Withdrawal EPF to Purchase A House

Introduction
-This withdrawal allows you to withdraw your Account 2 savings to finance the purchase of a house.
-Withdrawal to purchase a second house is allowed after the first house is sold or disposal of ownership of property has taken place. Disposal of ownership refers to ‘loss of ownership of the first house owned through previous EPF withdrawal’ either due to auction, surrender of property by court order, transfer of ownership because of love and affection, destruction of house due to natural disaster, abandoned housing project or cancellation of purchase.