Korean Job Discussion Forums

[Adamusiak]

Hey, Just wanted to really find out if this tax thing is a scam. I pay about 5% each month, and with all my O.T, its starting to really ad up, prob like 800 000 over 6 months. Also, how do we get this money back? Is it true if I don't fulfill the contract I don't get a penny back, sorry a won?

If anyone knows anything about this please let me know. Oh, and I'm a Canuck, not sure if that makes a difference.

Big Al

[Demophobe]

We get our pension money back, not our taxes. Usually in a hagwon, you pay 4.5% and the hagwon pays 4.5% of your salary. You get it back when you leave or present a plane ticket out of here.

[Adamusiak]

So do I need paper work from the boss to do this, or just pay slips?

and does he have the right not to give this to me?

Al

[schwa]

Yep you have to pay the Korean tax but if I got your figures right, youre clearing about $34k cdn a year & paying $1850 tax. Youre griping?

[peppermint]

[PatrickSiheung]

BTW, Make sure you're in Korea for at least a year and have more ties in Korea than back in Canada. If the Canadian government decides that you were still a resident of Canada when working here then you'll have to pay more taxes when you get back. But if you're here for over a year, don't own any real estate in Canada or have any dependants etc... you should be fine. But definitely stay for the full 12 months. I left early last year and had to pay more taxes when I went back to Canada.

[Demophobe]

For the pension money you need a plane ticket, passport, alien card and account number where you want the money to go. They can also issue you a cheque. Takes 4 to 6 weeks.