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sheba
Joined: 16 May 2005
Location: Here there and everywhere!
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 Posted: Tue Mar 30, 2010 7:59 pm Post subject: Pay Deducations |
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| I just got paid and they have deducted about 110,000 for pension and 70,000 for medical insurance. Does this sound about right? |
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ttompatz
Joined: 05 Sep 2005
Location: Kwangju, South Korea
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| Posted: Tue Mar 30, 2010 8:10 pm Post subject: Re: Pay Deducations |
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| sheba wrote: |
| I just got paid and they have deducted about 110,000 for pension and 70,000 for medical insurance. Does this sound about right? |
depends on your salary.
Pension is about 4.5%.
Medical is a hair under 3%.
Salary is around 2.4 mil? |
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sheba
Joined: 16 May 2005
Location: Here there and everywhere!
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| Posted: Tue Mar 30, 2010 8:32 pm Post subject: |
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| Roundabouts yep. In past years I have been lucky to escape many (or any) deductions, so Im not too clued up on this one. Much higher than I was expecting though! |
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CentralCali
Joined: 17 May 2007
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| Posted: Tue Mar 30, 2010 9:02 pm Post subject: |
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| If you've "escaped" deductions in the past for pension, you should probably set aside enough money to bring that current once the Pension Office stumbles onto your account. They'll not only require you to make the payments you've missed but they also have the authority to enforce compliance. |
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sheba
Joined: 16 May 2005
Location: Here there and everywhere!
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| Posted: Wed Mar 31, 2010 3:23 am Post subject: |
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| CentralCali wrote: |
| If you've "escaped" deductions in the past for pension, you should probably set aside enough money to bring that current once the Pension Office stumbles onto your account. They'll not only require you to make the payments you've missed but they also have the authority to enforce compliance. |
I paid pension. But I only worked part time and earned less than 1mil. |
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