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?

Question

Accepted Answer

Any errors in CPF contributions should be rectified early while the documentary evidence is fresh. To encourage employers and employees to check their CPF contributions and come forward to rectify errors as soon as possible, any request for refund and adjustment of CPF contributions paid in error must 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?

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 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?

My employee and I do not wish to apply for refund. Can the excess CPF contributions be retained in the employee's CPF account?

I have made errors in my CPF submission. How can I rectify them?