My employee and I do not wish to apply for refund. Can the excess CPF contributions be retained in the employee's CPF account?
You should rectify any errors in CPF contributions early while the documentary evidence is fresh. Any request for refund of CPF contributions paid must be made immediately and no later than one year from the date of payment of the CPF contributions.
This information is sourced from CPF
Related questions
Why must refund or adjustment of CPF contributions paid in error be made immediately and no later than one year from the date of payment of the CPF contributions?
Why must refund or adjustment of CPF contributions paid in error be made immediately and no later than one year from the date of payment of the CPF contributions?
When am I required to refund the employee's share of excess CPF contributions?
Why am I, as a platform operator, only allowed to request refunds or adjustments of CPF contributions within one year from the date of payment of the CPF contributions?
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