Can I receive retirement benefits in an individual-type DC (iDeCo) from age 60?

In order to receive retirement benefits from the age 60, those who joined an Individual-type DC (iDeCo) under the age 60 are required to have a total participation period of 10 years or more as of ... Show Detail

What is the public pension deduction?

The public pension deduction is a system that allows a certain amount of money to be deducted based on age and the amount of income from public pensions, etc. when calculating taxable miscellaneous... Show Detail

I received benefits in a lump sum (one-time). Do I need to file a final tax return?

Income tax and residential tax are imposed as retirement income, and the taxation is completed only through withholding at source by submitting the specified declaration in the receipt procedure. (... Show Detail

Do I have to pay taxes on my benefits?

It varies depending on the type of benefit, the receiving method, etc. (1) Retirement benefits are taxable as retirement income if received in a lump sum (one-time receipt). But, they are no... Show Detail

What procedures are required when a participant dies?

The bereaved family needs to file a claim for a lump-sum death benefit in writing. The bereaved family is requested to contact the AnswerCenter. (Link) (Please have the deceased's basic pension n... Show Detail

Why is Individual Number required to receive assets?

【In the case of retirement benefits】 In accordance with the tax laws, a statutory report must be submitted to the tax office on the details of the benefit payment to customers. Since it is require... Show Detail

By what age should I start receiving my assets? Can I choose how I want to receive my assets?

You can choose when to start receiving benefits between the age of 60 and 75 . ＊Due to law amendments in April 2022, the claim period was expanded to between age 60 and age 75. You can ch... Show Detail

What is the retirement income deduction?

Retirement income deduction is a system that allows a certain amount of money to be deducted based on years of service when calculating taxable retirement income. If retirement income exceed... Show Detail

What requirements must be met to receive an early lump-sum payment?

To claim an early lump-sum payment, all requirements must be met in one of the following cases. ＜Eligibility requirements for early lump-sum payment in corporate-type DC＞ Case 1) All of the fol... Show Detail

Is there a website that provides detailed information on how to receive benefits?

On the official website of Sompo Japan DC Securities, there are pages on benefits for individual-type DC and corporate-type DC. ● Procedures for claiming benefits in iDeCo(Japanese only) ●iDeCo... Show Detail