What should I do if I made additional MediSave contributions above the limit of $2,730 per employee per year?
The CPF Board will refund the excess amount without interest to you.
More details at the CPF website.
This information is sourced from MOM
Related questions
What happens to the additional MediSave contribution if my employee has reached the Basic Healthcare Sum (BHS)?
Do my employees need to pay tax on the Shield plan premium if I provide them with a Shield plan?
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?
How are the excess CPF contributions derived and from which month of my employee's CPF contributions be refunded?
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