Why is the refunded amount less than the excess CPF contributions made for the year?
The refunded amount is based on the available balances in your employee’s CPF account(s). If there are insufficient funds for the full refund, you will receive a partial refund instead.
This information is sourced from CPF
Related questions
Why is the amount deducted from my CPF account(s) for the refund less than the excess CPF contributions made for the year?
Why is the amount refunded for excess CPF contributions less than the total excess CPF contributions made to the platform worker for the year?
Why is the amount refunded to me by my employer less than the amount deducted from my CPF account(s) for the refund of excess CPF contributions?
When am I required to refund the employee's share of excess CPF contributions?
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