- Pension Call Center
- 1599-2080
Category | Calculation Formula |
---|---|
Retirement income① | Amount of lump-sum retirement benefits received |
Deduction based on the length of service② |
[Ref.] Deduction based on length of service
Length of service
Deducted amount
5 yrs or less
1mil x Length of service
6 ~ 10 yrs
5mil + 2mil x (Length of service: 5 yrs)
More than 11 ~ 20 yrs
15mil + 2.5mil x (Length of service: 10 yrs)
More than 20 yrs
40mil + 3mil x (Length of service: 20 yrs)
|
③=①-② | Retirement income – Deduction based on the length of service |
Converted benefits④ | ③ / Length of service x 12 |
Differential deduction⑤ | Deduction depending on amount of converted benefits: 100~35% |
Converted tax base⑥(④-⑤) | Converted benefits - Differential deduction |
Converted tax amount⑦ | Converted tax base x 6%~45% |
Calculated tax amount⑧ | ⑦ x length of service / 12 |
구체적 적용방법(2016년 퇴직부터 5년간 단계적으로 세부담이 증가되도록 조정)
Year of Retirement | Retirement Income Tax |
---|---|
2016 | Retirement income tax under the as-is rule x 80% + Retirement income tax under the revised rule x 20% |
2017 | Retirement income tax under the as-is rule x 60% + Retirement income tax under the revised rule x 40% |
2018 | Retirement income tax under the as-is rule x 40% + Retirement income tax under the revised rule x 60% |
2019 | Retirement income tax under the as-is rule x 20% + Retirement income tax under the revised rule x 80% |
2020 ~ | Retirement income tax under the revised rule x 100% |
Ex) You may calculate retirement income tax using the simulation provided by National Tax Office