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Why is the refunded amount less than the excess CPF contributions made for the year?

Updated by CPF
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.

Topics:

Employer - Compliance and RectificationsApplying for refund of CPF contributions

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