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eac02
Joined: 23 Jan 2008
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 Posted: Mon Mar 22, 2010 4:29 pm Post subject: claiming pension- just your contribution or full 9% |
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When claiming your pension do you get back only your contribution or both yours and your employers?
I always assumed you would get the full 9% but I read something last night (looking for it now so I can quote it) that made it seem like you only got back your contribution. |
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nomad-ish
Joined: 08 Oct 2007
Location: On the bottom of the food chain
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| Posted: Mon Mar 22, 2010 4:34 pm Post subject: |
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| you should be getting both your and your employer's contributions - so 9%. remember, pension is taxed though. |
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ttompatz
Joined: 05 Sep 2005
Location: Kwangju, South Korea
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| Posted: Mon Mar 22, 2010 4:34 pm Post subject: Re: claiming pension- just your contribution or full 9% |
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| eac02 wrote: |
When claiming your pension do you get back only your contribution or both yours and your employers?
I always assumed you would get the full 9% but I read something last night (looking for it now so I can quote it) that made it seem like you only got back your contribution. |
If you are in the NPS (national plan) then you get the full 9% returned assuming you are from one of the countries entitled to a withdrawal.
(from experience).
Private pension plans (university) have different rules about claiming contributions.
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eac02
Joined: 23 Jan 2008
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| Posted: Mon Mar 22, 2010 4:37 pm Post subject: |
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| this is probably a stupid question but is the pension taxed even if you are currently exempt from paying taxes in korea? |
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