Korean Job Discussion Forums

[basman]

hey dudes...

so i'm leaving korea and i'm from a country that allows me to get a pension from korea when i leave (canada)

anyway,

i go to the pension office and fill out the forms and i get a print out of what i am recieving...

it's a lot lower than what i thought it would be, about 30% lower,

i showed this to my boss and asked her why it's so low and she said that because i am a foreigner they only have to declare 70% income to the pension guys...

is this true...

does anyone know anything about this, i googled the hell out of it but didn't get anything, does anybody know anything or heard anything about something like this....?

[BigBuds]

Your boss is full of s hit!!!

[billybrobby]

Hehe. Sounds like Not Wearing Puffy Director Pants Tax.

[Lekker]

She doesn't want to pay 100% because that would mean she would need to pay more in taxes. She thinks that by telling you that you are a foreigner blah blah blah that you will believe it. Don't do what a lot of people do and fall for this nonsense. She is cold heartedly ripping you off. You want your pension in full? Here's what you do.

Have a second conversation with your boss. Record it. Then take the recording back to the pension office. Tell them you aren't satisfied with the answer your boss gave you, then play them the recording. Then have them call the labor board and they will deal with it, probably threaten to close her business down unless she pays you, which would probably be only in cash which would enable her to stay under the table on this... Either way, put your foot down on this. You gave her a YEAR of your life. She thinks she is right in screwing you?

Don't be reluctant in doing so. Don't worry about her firing you, she can't although she probably thinks she can. You need to be just as cold hearted as her here. Then go back home to Canada and get what you are properly owed in two to three weeks time.

Your boss isn't your friend, and you have now caught her in a lie, now she needs to "face" up.

I went through the same thing with my previous boss, except he was claiming me at 40% but taking out the taxes from my salary in full. Don't stand for this BS. Put your feet down and nail her to the wall, or she'll think you are a chump and laugh her ass off as you fly back to Canada.

[Real Reality]

Umm....30% untaxable income?
http://forums.eslcafe.com/korea/viewtopic.php?t=109754

National Tax Service (see question 11)
Please give me information on overseas allowance for expatriates?
http://www.nta.go.kr/eng/help/help_02.asp?top_code=H001&sub_code=HS01&ssub_code=HSA2#11.

[billybrobby]

Well, i'll be...

[Ut videam]

Those regulations apply to income taxation, not pension.

The boss used a (probably intentional) misapplication of NTS regulations to pension contributions in order to get out of paying the rightful amount of payroll tax.

[hagwonnewbie]

My boss tried that crap, too. I had to call him out on that among other things. Now he's totally pissed at me and I might have to bail.

[Real Reality]

National Pension Service
The customer service center phone number is 1355.
The main office phone number in Seoul is 02-2240-1114.
http://www.npc.or.kr/apppage/english/contact/contact_01.jsp

National Pension Service Q&A Board
http://www.npc.or.kr/apppage/english/qna/qna_02.jsp

National Tax Service
The helpline for foreigners is 02-397-1440 or 02-2076-5711.
http://www.nta.go.kr/eng

National Tax Service E-mail Form Help
http://www.nta.go.kr/eng/help/help_01_01.asp

[basman]

so the 30% thing for pension doesn't apply?

i'm sorry i'm a little lost here, anything that involves taxes makes my head spin...