| View previous topic :: View next topic |
| Author |
Message |
mscoop1085
Joined: 12 Feb 2009
|
 Posted: Thu Nov 15, 2012 7:24 am Post subject: Pension refund |
 |
|
| I will have worked in Korea for three years now in March of 2013. I will be going back home and was wondering how much the pension refund would come out to? 1st year (2.2 million), 2nd year (2.3 million), 3rd year (2.4 million). Anyone have any similar experiences? I have heard about 2 million won back per year, if your company does it right. |
|
| Back to top |
|
 |
ttompatz
Joined: 05 Sep 2005
Location: Kwangju, South Korea
|
| Posted: Thu Nov 15, 2012 1:47 pm Post subject: |
|
|
9% of your wages over 3 years.
When you apply for the refund the NPS will tell you how much you get back.
. |
|
| Back to top |
|
|
LuckyNomad
Joined: 28 May 2007
|
| Posted: Thu Nov 15, 2012 7:33 pm Post subject: |
|
|
| It will probably be about eight and a half million won. |
|
| Back to top |
|
|
ttompatz
Joined: 05 Sep 2005
Location: Kwangju, South Korea
|
| Posted: Thu Nov 15, 2012 8:06 pm Post subject: |
|
|
| LuckyNomad wrote: |
| It will probably be about eight and a half million won. |
Closer to 7.4m.
Gross wages of 26.4m, 27.6m and 28.8m = 82.8million won *.09 (9%) = 7.452 million won. |
|
| Back to top |
|
|
LuckyNomad
Joined: 28 May 2007
|
| Posted: Thu Nov 15, 2012 8:34 pm Post subject: |
|
|
| ttompatz wrote: |
| LuckyNomad wrote: |
| It will probably be about eight and a half million won. |
Closer to 7.4m.
Gross wages of 26.4m, 27.6m and 28.8m = 82.8million won *.09 (9%) = 7.452 million won. |
I got 17 back after 6 years so I just halved that. |
|
| Back to top |
|
|
Wildbore
Joined: 17 Jun 2009
|
| Posted: Thu Nov 15, 2012 9:24 pm Post subject: |
|
|
Your REAL wage doesn't matter. What matters is the salary report made by your employer.
Check to make sure your employer didn't under-report your income and embezzle contributions. Happened to me, takes a while to fix.
You can get a contribution history printed out for free at the pension office to verify this. |
|
| Back to top |
|
|
|
FAQ
Search
Memberlist
Usergroups
Register
Profile
Log in to check your private messages
Log in
