What you should know before submitting an adjustment application
Keep your employees informed on the adjustment
You’ll need to notify the affected employee(s) so that they’ll be aware that you’re applying an adjustment of the CPF contributions. If there is any dispute, you’re required to resolve them with your employee before applying for the adjustment.
Adjust immediately and no later than one year
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 adjustment has to be made immediately and no later than one year from the date of payment of the CPF contributions.
Adjustment is subject to availability of funds
The adjustment will not be effected if there are insufficient funds in the employee’s CPF account(s) for the adjustment.