I was wondering why I didn’t receive my NS FIT and IPPT payment after 2 weeks so I went to check my bank account. I then realised that I actually received S$40 less than what I was supposed to. After doing more digging and research, the S$40 was automatically deducted directly from my IPPT incentive after passing my IPPT for the first time to automatically renew my SAFRA membership for a year. There were also no notifications or invoices sent to let me know that my membership has begun.  While doing my research, I have seen a few forum threads talking about this auto-deduction since 2011. For those that were lucky to come across those threads or are diligent readers of terms and conditions and managed to cancel the auto-renewal, good for you....