What should I do if I made additional MediSave contributions above the limit of $2,730 per employee per year?

Updated by MOM 2y ago

The CPF Board will refund the excess amount without interest to you.

More details at the CPF website.

This information is sourced from MOM.

Topics:

Employment practices Portable medical benefits

Related questions

If I used my MediSave to pay for my medical bill, am I entitled to reimbursement of the medical consultation fee from my employer?

Updated 7mo ago

What happens to the additional MediSave contribution if my employee has reached the Basic Healthcare Sum (BHS)?

Updated 11mo ago

From other agencies

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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