Regulation 4
Deductible sum
of Central Provident Fund (Refunds) Regulations 2019
For the purposes of section 71(3) or (4) of the Act, the deductible sum that may be set off against each retained amount is as follows:
where the retained amount is retained from an amount paid by a contributor as an employer or a platform operator and to be refunded to the contributor — any of the following amounts:
any contribution that the contributor is required to pay under section 7 of the Act as an employer or under section 8A of the Act as a platform operator;
any interest that the contributor is required to pay under section 9(1) of the Act as an employer or a platform operator;
where the retained amount is retained from an amount credited to a member’s account in respect of the member as a self‑employed person, an employee or a platform worker and to be refunded to the member — any of the following amounts:
any contribution that the member is required to pay under section 9A of the Act as a self‑employed person;
any interest that the member is required to pay under section 9(2) of the Act as a self‑employed person.