Korean Job Discussion Forums

the_main · Joined: 22 Aug 2006

I got my first paystub today and was curious if all these taxes were standard.

My pay is 2million
Deductions are as follows:

24k - witholding tax (wtf is this??)
2.5k -resident tax (so small i almost don't care, but what is it?)
44k - health insurance (is this a normal rate?)
83k - national pension (i can get this back, right?)
0 -employment insurance

Anyone who can explain some of these things, I will love you long time.

Your friend forever,

John

I_Am_Wrong · Joined: 14 Sep 2004 Location: whatever

Looks fine. by withholding tax they mean income tax...ie. income with-held for the gov't.

laogaiguk · Joined: 06 Dec 2005 Location: somewhere in Korea

yep, I see no problems.

ilovebdt · Joined: 03 Jun 2005 Location: Nr Seoul

You pay resident tax like once a year.
I just got my bill this week, it was about 4,000 won.

Son Deureo! · Joined: 30 Apr 2003

Grotto · Joined: 21 Mar 2004

My pay is 2million
Deductions are as follows:

24k - witholding tax (wtf is this??)
2.5k -resident tax (so small i almost don't care, but what is it?)
44k - health insurance (is this a normal rate?)
83k - national pension (i can get this back, right?)
0 -employment insurance

taxes look right, health insurance is spot on and the pension looks a little low(shoudl be 90k) if you are Canadian or American you get it back plus your employers contribution!

JeJuJitsu · Joined: 11 Sep 2005 Location: McDonald's

SeniorEnglish · Joined: 18 Jun 2006

I am still paying 3.3% income tax. How can I let my boss know it isn't a proper percentage?

Also, I have been working at this school for 6 months and my pension program is still not set up. How do I go about doing this?

I_Am_Wrong · Joined: 14 Sep 2004 Location: whatever

What do you mean 3.3% isn't right?

The pension office has an english line (run a search). Tell them what's up, where you live, the name of your school, and the phone number. They should take it from there.

SeniorEnglish · Joined: 18 Jun 2006

I told them 3.3% isn't right and told them to check with the Tax Office, they still contend that it is the proper amount.

As for pension, they should know what's up. It is a gigantic corporation, that should be aware of every nook and cranny of the law. I sent my manager an e-mail. Hopefully, it will be taken care of, but they are usually very very slow about these things. Especially since it will cost them money.