| View previous topic :: View next topic |
| Author |
Message |
irwinpryce
.jpg)
Joined: 30 Apr 2007
|
 Posted: Mon Nov 17, 2008 10:51 pm Post subject: pension- a legal requirement? |
 |
|
Hi,
I know pension is a must do, however I would like a link to somewhere on the web which states exactly how much I should be paying.
Basically my employer has deducted pension and tax money from me and not paid any of it into these.
She is claiming that she was originally paying me the wrong amount and didnt know about pension or tax, obvious bullshit, however I need to cite somewhere online.
Thanks |
|
| Back to top |
|
 |
maddog
Joined: 08 Dec 2005
Location: Daegu
|
| Posted: Mon Nov 17, 2008 11:09 pm Post subject: |
|
|
You don't need to cite shit.
All you need to do is call 1350 and speak to the labor board. She is a thief - plain and simple.
On a salary of 2.4M
Pension = 98,550
Health/medical = 58,420
Tax = 44,290 |
|
| Back to top |
|
|
ttompatz
Joined: 05 Sep 2005
Location: Kwangju, South Korea
|
| Posted: Mon Nov 17, 2008 11:39 pm Post subject: |
|
|
Your boss is a liar and a thief.
Medical is 2.54% and matched by your employer.
Pension is 4.5% and matched by your employer.
Taxes are on a sliding scale but for the average teacher earning about 2.2 million the rate is about 1.7%.
http://www.nps.or.kr/ pension (click the "ENGLISH" link at the top).
http://www.nhic.or.kr/ medical (click the "ENGLISH" link at the top).
http://www.nts.go.kr (click the "ENGLISH" link at the top).
They work best in MS Internet Explorer and sometimes WILL NOT work in anything else.
. |
|
| Back to top |
|
|
irwinpryce
Joined: 30 Apr 2007
|
| Posted: Tue Nov 18, 2008 1:48 am Post subject: |
|
|
Thanks, I checked that website, I don't really know what to make of it all.
I called my recruiter for advice, I was told tht as I am from the U.K, British. I don't need to pay pension. As far as I can see this isn't true. Am I correct?
What are the implications of not paying a pension- not that I am trying to avoid paying it as it isn't worth the risk. I want to know so as I can rgue my point.
Thanks |
|
| Back to top |
|
|
maddog
Joined: 08 Dec 2005
Location: Daegu
|
| Posted: Tue Nov 18, 2008 2:01 am Post subject: |
|
|
| irwinpryce wrote: |
I called my recruiter for advice, I was told tht as I am from the U.K, British. I don't need to pay pension. As far as I can see this isn't true. Am I correct?
Thanks |
Yep. Anyway, your boss is taking it from your salary. She's just sticking it in her own pocket. Again, Labor Board 1350 from any phone. |
|
| Back to top |
|
|
jellobean
Joined: 14 Mar 2006
|
| Posted: Tue Nov 18, 2008 2:09 am Post subject: |
|
|
| irwinpryce wrote: |
| I called my recruiter for advice, I was told tht as I am from the U.K, British. I don't need to pay pension. As far as I can see this isn't true. Am I correct? |
Technically you still need to pay pension, but you don't get it back. You can, however, get credit in the UK pension system for your contributions here.
Many UK teachers make an agreement with their hagwon not to pay pension. The employer doesn't deduct it from you and then doesn't pay their share either. Technically this is illegal, but it benefits the teacher and the boss and there is little risk of any problems so many people do it. The problem is that it gives you less leverage in other areas if you have to go to the labor board (or you might have to cough up your share later if you go to labor).
Taxes is all about the tax office. As long as you have pay stubs showing deductions, the local -gu office will usually track down the hagwon for the deductions if you take your pay stubs to show them.
Main issue here is to get the pay stubs itemizing deductions with the deduction labels in English and Korean. You need that to get help anywhere other than labor. |
|
| Back to top |
|
|
|
FAQ
Search
Memberlist
Usergroups
Register
Profile
Log in to check your private messages
Log in
