Korean Job Discussion Forums

[daemyann]

First of all, I apologize because I know these questions have been answered somewhere else, but I couldn't find them.


1. Is paying into the pension plan mandatory(legally speaking)?

2. How much is an average amount to pay on a 2.1 salary?

3. Is pension attached to other fees like Employment Insurance and National Health insurance?

4. If so, what is an average of the total taxes generally paid on a 2.1 salary? (including income tax, EI, National Health Insurance etc.)

Thanks in advance for any light you can cast.

[peppermint]

pension is 4.5% of your salary, and I believe it's tied to the health insurance plan

[daemyann]

Thanks.

I couldn't find anything about it on the foreigner tax page (http://www.nts.go.kr/eng/help/help_01.asp)...

The more information the better.

[daemyann]

Links to helpful sites/people would also be greatly appreciated.