Will interests and penalties be imposed or waived if I made partial payment for my outstanding premiums before the deadline in IRAS' notice?
Interests and penalties will be imposed if full premium payment is not made by IRAS' notice deadline.
Compounded annual interest of 4% and penalties of up to 17% may continue to be imposed so long as the MediShield Life and/or CareShield Life premiums remain outstanding.
Fully pay your outstanding premiums to avoid enforcement actions. To do so, please click on the link below for the payment options.
This information is sourced from CPF
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