Why are the excess voluntary top-ups refunded with no interest?
The excess voluntary top-ups can only be determined after all your mandatory contributions have been received for the year. This is usually after the month of January in the following year. The interest on the excess voluntary top-ups which should not be earned by the member will be returned to the Board.
This information is sourced from CPF
Related questions
Is my voluntary top-up to the 3 CPF accounts reversible?
Why are the excess voluntary top-ups only refunded in the following year?
When am I required to refund the employee's share of excess CPF contributions?
What should I do if I have already submitted a refund application prior to the refund initiated by the CPF Board?
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