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2.3 million MINUS tax, pension etc =how much???
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jacl



Joined: 31 Oct 2005

PostPosted: Wed Aug 02, 2006 3:50 am    Post subject: Reply with quote

Then it gets a little tricky with the "resident" thing.
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TheUrbanMyth



Joined: 28 Jan 2003
Location: Retired

PostPosted: Wed Aug 02, 2006 4:23 am    Post subject: Reply with quote

rawiri wrote:
Hey TUM,
I'm with GEPIK and the accountant at our school says i have to pay about 95 000 a month toward the pension scheme. I'm from New Zealand and can't get any of the money back right?, so do i have to pay or what? He's adamant I do but i'm not so sure.

Actually he wants me to pay for three months out of this pay month, and with having to pay the 300 000 deposit money plus other small things thatr add up i'm looking at only getting maybe 1.4 for this month.

BBBBAAAAAAAHHHHHH!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!1

Let me know what you think.


INCOME taxes you are exempt from (if you aren't Canadian). PENSION though everyone has to pay, to the best of my knowledge.
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alabamaman



Joined: 25 Apr 2006

PostPosted: Wed Aug 02, 2006 4:57 am    Post subject: Reply with quote

1. Foreigners and Coverage


At the time of the introduction of the Scheme, foreigners were not mandatorily covered. Only foreigners working in a workplace covered under the Scheme could be covered as an Workplace based Insured Person by submitting an application.

Foreigners working at the workplace with more than 5 full-time employees were included in the mandatory coverage in August 1995 and those working at the workplace with less than 5 employees including self-employed foreigners were also included in the mandatory coverage in April 1999. Accordingly, foreigners aged from 18 to less than 60 who reside in Korea must be, in principle, covered under the Scheme. But foreigners falling under any of the following items are excluded from the coverage.

○ Those whose country does not mandatorily cover Korean citizens under its pension scheme.
○ Foreigners who are not registered under the Immigration Act, or to whom the forced deportation order has been issued under the same Act, or who are staying in Korea without being permitted to extend their term of stay.
○ Among the registered foreigners under Immigration Act, those whose stay status falls under any of the followings; culture & art, studying abroad, industrial training, general training, religion, visiting & living together and others.
○ People excluded from the mandatory coverage of National Pension Scheme, by the social security agreement.

http://www.npc.or.kr/social/index_en.html
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Doodly



Joined: 21 Jul 2004

PostPosted: Mon Aug 07, 2006 3:09 pm    Post subject: Reply with quote

Edit to delete question (found answer).
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