Korean Job Discussion Forums

[Skywalker26]

Ok so the story goes like this...

I am working at a fairly decent school. I am always paid on time etc. Since this month is when hogwans prepare their taxes, my school has decided to change everything around.

Now.....

I am currently earning 2.1 million a month and I pay something like 45-50,000 won in deducations every month. Under this new 'change' i'll be paying a whole ton of stuff which they haven't explained it to me exactly what these are.

I am pretty sure that things are above board here, and I have no reason to suspect they are trying to screw me over, but I am concerned about the amount of money I am going to be out of pocket.

So...
1) What are the total deductions that you guys get from your pay every month and how is it broken down.
and
2) If I find myself paying more than 100,000 in deductions a month, should I be asking for a slight raise to compensate as they have changed the deducations half-way through my contract.

Any advice would be appreciated.

Cheers

[justagirl]

Tax: approx. 3.5%

Medical: approx. 4.5%
(half paid by you, other half by employer, totaling 9%)

Pension: approx. 4.5%
(again, half paid by you, half by employer, totaling 9%)

2,100,000 a month and all reported by your boss...be aware they can report you making a lot less, charge you the full amount and pocket or save themselves $--go to the tax office to get a copy of what the boss says you're making if you think they might be doing this.

approximate dedections for 2.1 million based on above rates:
Tax: 74,000
Medical: 95,000
Pension: 95,000

justagirl

[kangnamdragon]

True, they should be deducting about 10% total. You have not been paying enough.

[Guest]

You got what you signed up for, don't cry over it.

If they were not taking the appropriate taxes out and now they, well tough luck. If they are charging you things above and beyond tax, med, and pension that was NOT in your contract then they are in breach of your contract stipulations. They can't just come and start charging you some 20,000 for apartment fees or this or that.

MAKE them explain what you claim they will not explain in full to you. It's YOUR money and unless they have legal grounds to take it and then keep it, it's theft. If they refuse then call the labor board, tell them you intend to do so, and have it explained in full.

Asking for more money .... umm, sure go ahead. But you know what you signed up for, if that's being violated outside what you are required to by law, well suck it up ...

[waterbaby]

[Son Deureo!]

Make sure your boss knows your checking his/her homework. If it's legit, you should pay. If not, you shouldn't.

My last boss tried to take a big whack out of my final pay (W700,000), supposedly for the year's worth of taxes that she hadn't bothered deducting from my check. When I said, "Great! Now I can get a report from the Korean Tax Office about the taxes I've paid here so that I can submit it to the American IRS." she freaked.

She had no intentions whatsoever of giving a won to the taxman, so she made an excuse and gave it to me in cash.