P105S0049: CPF Policies that All Salespersons should know (CPFP) [Singapore Mortgage Planner Course (SAMP) Module 3]
Course Objective(s):
The Central Provident Fund (CPF) is a comprehensive social security savings plan that many Singaporeans and Permanent Residents rely on for their retirement, healthcare and homeownership needs. This course will focus on CPF policies concerning property ownership. It will equip participants with the essential knowledge of CPF policies relating to homeownership for both HDB and private properties.
Expected Learning Outcome(s):
- Understand the various CPF policies that affect public, private and commercial property ownership
- Understand the impact and implications of the CPF Housing Withdrawal Limit, Valuation Limit and the CPF contribution rate on the housing installment repayment
- Understand the implications of the CPF nomination on property succession planning ownership
- Understand how the CPF can be used for property construction
- Understand how unrelated persons may use CPF to purchase a property
- Understand the effect of CPF Charge (Priority of Claims)
- Understand the various implications in the event of the death of owners, divorce and bankruptcy
- Understand how the CPF Retirement Sum affects 2nd and subsequent property investment