[Jaetekeu Q & A] How do I take advantage of even pension changes

If [South Korea heogwahyeon financial newspaper reporter] I think the pension 1. The pension But there are many types of addition?

That is correct. It was a typical social pension security system. So when people are able to make a living and a stable system it made disasters in order to ensure you receive compensation. So I'm such a pension are laws to the purchase compulsory. So representative established pension pension slip, in addition to that there are civil servants or military pension benefits, Teachers Pension, post office pension special category that applies only to a particular profession. And it's only in private pensions are also joining in separate personally do not have enough retirement.

2. So personally, also to join the four different types of pension I changed some terms from January?

That is correct. Pension itjiyo give tax benefits to encourage the government to join in. So one itguyo to give tax credits to a certain percentage of the amount you paid during the year when the annual year-end tax settlement. Another thing that has kept more than 10 years guiding the tax when you receive your pension benefits are taxable institutions. But this depends Beginning April 1, the conditions for starting a new person joined as a revised tax law implemented last year.

3. So What Does it specifically different conditions?

First, the tax credit and pension savings insurance Pension savings trusts, pension savings funds that are paid a monthly pension that is doeneundeyo. In the meantime, if the annual income of less than 55 million won or less living wage or comprehensive income includes income received 44 million won, regardless of the amount of tax deducted 16.5% to 400 million. And that is more than I received a 13.2% tax credit. But this April 1, the total salary income is 120 million won, or if one or more starting Comprehensive income is less than 100 million won has 4 million won to 300 won from the tax deduction limit.

4. So how does my different people sign up for insurance with single premium or receive a non-taxable benefit?

In this case the tax-free benefit from the single premium is I give 200 million won to one billion. If you earn month also eopeotneunde the meantime, this limit is limited to its 1.5 million won per month. Just bulipaek month later, even though it can not afford to do when you get into a 1.5 million won per month it can be paid annually up to 18 million won. So far hefty asset is also haeteotjiyo to join a lot of insurance. Then later, when I have been able to receive a pension benefit exempt interest income of 15.4% it is an'll have their limits.

5. So now how do I take advantage of the changed system?

If those who the first year working life is possible dusimyeon I hope to sign up in advance at the end of this month. If you sign up in advance as possible, even if the amount is 1.5 million won per month, you can not take place when the pay rise later. And in the case of single premium is not a taxable benefit can also be handed over to a little extent million won. And even though some limit the amount withdrawn in the middle of a Lad, not deducted from the total 100 million won. So if you need money in the future it will be free in the middle of receiving the loan agreement, rather than some withdrawals.





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