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I overpaid the late payment interest. Must I apply for a refund of the excess amount?

Updated by CPF
CPF Board will automatically refund the excess late payment interest to:
  1. Your bank account maintained with the Board if you have an existing Direct Debit arrangement with the Board; OR
  2. Your Corporate PayNow bank account.
You will receive a letter informing you of the outcome of the refund.

This information is sourced from CPF.

Topics:

Employer - Platform OperatorAdjustment/Refund of CPF contributionsEmployer - Compliance and RectificationsApplying for refund of CPF contributions

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