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Can I withdraw EPF for 2nd house?
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Zot
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 Feb 17 2016, 03:26 PM
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QUOTE(CoffeeDude @ Feb 17 2016, 03:22 PM) A few years ago I withdrew my EPF to buy a condo. The condo is still owned by me. Can I now withdraw EPF to reduce my housing loan for another house? This is an existing house owned by me and my wife. Don't see why not. Anyway, replies here maybe based on /k experience which might not be 100% similar. Why nor just call then and get confirmed answer?  |
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Zot
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Feb 17 2016, 03:27 PM
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QUOTE(blackrage @ Feb 17 2016, 03:25 PM) Pengeluaran untuk mengurang atau menyelesaikan baki pinjaman untuk rumah kedua dibenarkan setelah rumah pertama dijual atau berlaku pelupusan pemilikan. Pelupusan pemilikan bermaksud ‘hilang pemilikan ke atas rumah pertama yang dimiliki melalui pengeluaran KWSP sebelum ini’ atas sebab rumah tersebut dilelong, penyerahan harta melalui perintah mahkamah, pindah milik atas dasar kasih sayang, rumah musnah akibat bencana alam atau kebakaran, projek rumah terbengkalai atau pembatalan pembelian rumah. in short, you have to let go of 1st house. http://www.kwsp.gov.my/portal/documents/10...13_Jun_2014.pdfIs that so? Then why they allow to withdraw for purchase of 2nd house?  |
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Zot
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Feb 17 2016, 03:29 PM
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QUOTE(CoffeeDude @ Feb 17 2016, 03:22 PM) A few years ago I withdrew my EPF to buy a condo. The condo is still owned by me. Can I now withdraw EPF to reduce my housing loan for another house? This is an existing house owned by me and my wife. Wait a minute ... The first house the EPF was not drawn under your name but your wife only? |
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Zot
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Feb 17 2016, 03:33 PM
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QUOTE(CoffeeDude @ Feb 17 2016, 03:31 PM) Both house and condo also joint name. Bank loans also joint name. Loan joined name is okay but when purchase first house, both of you withdraw from EPF? |
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Zot
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Feb 17 2016, 03:47 PM
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QUOTE(ozak @ Feb 17 2016, 03:46 PM) You cannot own 2 house at the sametime. This is what the epf mean. I ask before this. That's why I asked TS who withdraw the EPF for first house since he said he has joined names for both house  |
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Zot
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Feb 17 2016, 03:54 PM
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QUOTE(CoffeeDude @ Feb 17 2016, 03:50 PM) First house I withdrew my EPF Second house my wife withdrew her EPF Now I want to withdraw my EPF to reduce the loan for the second house. I've never heard anything like this  but I think cannot. Only for your 1st house I believe. |
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Zot
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Feb 17 2016, 03:57 PM
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QUOTE(Quasi-Suave @ Feb 17 2016, 03:52 PM) The term "2nd house" refers to the second house you purchase. You cannot concurrently own 2 houses and withdraw from EPF to fund the 2nd house purchase. Read TS reply on EPF withdrawal. First house he drew EPF. Second house his wife drew EPF. Both house has joined name |
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