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Why is the amount deducted from my CPF account(s) for the refund less than the excess CPF contributions made for the year?
The final refunded amount is based on the available balances in your CPF account(s). If there are insufficient funds in your account(s) for full refund of the excess contributions, the excess will be partially refunded.
This information is sourced from CPF.
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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?
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Why is the refunded amount less than the excess CPF contributions made for the year?
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