A pension is one of the most essential things when you get older. In fact, there are many jobs for the elderly now and they say that they are less worried about their old age than in the past because subsidies and welfare benefits for the elderly have improved.
The national pension system was created to minimize such a situation. The National Pension System is a pension system that all Koreans can join, but it is not compulsory.
The National Pension System, a system essential for old age, is paid monthly according to the inflation rate of future payments after paying an annuity according to the upper and lower limits.
If you look at it this way, you might think it’s a good system, but I have no choice but to feel like I’m losing money because I don’t have any money in my bank account right now, but I only spend money every month.
In addition, it is true that young people are feeling more and more burdened by the vague fear that they will not be able to receive the national pension even if they pay it later.
In addition, there are few people who can afford as much economically as they think, and in this situation, it is difficult to reduce other expenses in reality, and the monthly payment to the national pension is burdensome, so many people are looking for a way to cancel the national pension. Perhaps more people than expected would want to withdraw from the National Pension Service if it were possible to do so.
On the other hand, there were people who wondered if there would be any disadvantages if they introduced the National Pension Service, and they wondered whether the National Pension system had that much compulsion.
Is it possible to cancel the national pension?
Can I cancel my pension?
The national pension is not compulsory. However, it can be said that it is more comfortable to think that it is ‘almost’ forced.
You have to pay 9% of your income. Office workers pay 4.5% because the company pays half of their income, and local subscribers such as sole proprietors and small business owners/self-employed people are expected to pay all 9%.
This ratio has been maintained since the past. 국민연금 해지 방법
There is only one way to cancel the national pension. 좋은뉴스
It’s going to leave Korea right away. If you leave Korea and immigrate to another country, you can cancel your national pension.
If you do not want to pay the national pension, you can immigrate to a country other than Korea. If you do so, you can get back all of the national pension you have paid in a lump sum.
Rather than cancel the national pension, it is better to suspend or defer payment.
Suspension of National Pension Payment Deferred Payment
It is virtually impossible to cancel the National Pension while living in Korea.
If your income is stable, you will eventually have to pay the National Pension. If you have an income, you should pay it.
However, if I lose my job or my income disappears (when I cannot earn money from self-employment or run a deficit), I can suspend or defer payment of the National Pension.
When the pension notice comes home, you can call the National Pension Service and tell them what you are doing.
Will the National Pension Service continue?
Can you provide guidance on the National Pension Service?
If you continue to guide the National Pension Service (without applying for payment interruption), you will receive a reminder notice as well as a notice of seizure, confiscation of bankbooks, and seizure of vehicles.
Especially for business people, there is a possibility of foreclosure, so don’t think it’s a waste of the National Pension and pay it comfortably.
If you continue to ignore the notice to pay the national pension, the amount you have to pay will only increase. In the end, it comes back to me like a boomerang with a lot of burden, so it’s best to pay as much as you can afford.
If you are self-employed and your business situation has worsened due to the corona virus or you are having difficulty paying your national pension, please apply for a deferment of the national pension payment exception.
If it is because of the corona virus, it is said that the application for deferred payment exception is usually accepted.
National Pension Rate
National Pension Rate
There are more people than you think about the return on the National Pension Service. Many people are reluctant to pay the national pension when they first start and pay it because it seems like they are at a loss, but when it comes to receiving the pension, I think you will feel that you did a good job paying the national pension.
The majority of opinions are that it is better to continue to pay the national pension if it is possible to pay the national pension as the perception of financial technology changes. Some people who have made plans for retirement to some extent enjoy old age while receiving more money as an annuity for a long period of time than they paid by additionally paying the national pension.
Of course, if you actively utilize not only the National Pension, but also retirement pensions and pension savings funds, you will have a more prosperous old age.
Continue to pay the National Pension if possible
It is said that more and more people are receiving national pensions of 2 million won or more per month, and the possibility of receiving more than the amount paid is a possible story given the aging population.
Therefore, if you are in a situation to pay the national pension, it may feel like money is disappearing from your eyes right now and it may feel like money is being taken from your pocket, but if there comes a time when you can’t get paid by providing your own labor force later, it will be paid at that time. I think the pension you receive will give you tremendous financial freedom.
One of the reasons why I think there is no need to worry too much about the depletion of the national pension assets is that when you look at the investment rate of the national pension, it increases the rate of return several times based on the money paid by the people. I think it’s better to keep paying instead of not doing it.
Therefore, if you can afford to pay, it is recommended to pay the maximum amount without thinking of canceling the national pension, deferring payment, or stopping the payment.