I was notified that the total CPF contributions received have exceeded the CPF Annual Limit of $37,740, and the excess CPF contributions will be refunded to my employer. When should my employer return my share of excess CPF contributions?

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Accepted Answer

Generally, the refund of the excess contributions will be processed and paid to your employer within 10 days after you are first notified of the impending refund unless further assessment is required.

We will notify you and your employer after the refund is successfully processed. Your employer is required to compute and return your share of the excess CPF contributions, if any, after receiving the notification.

You should contact your employer directly regarding the refund.

I was notified that the total CPF contributions received have exceeded the CPF Annual Limit of $37,740, and the excess CPF contributions will be refunded to my employer. When should my employer return my share of excess CPF contributions?

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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?

Can I request CPF Board to refund the employee's share of excess CPF contributions directly to my employee?

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How are the excess CPF contributions derived and from which month of my employee's CPF contributions be refunded?

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