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

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

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

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

If I join an individual-type DC (iDeCo) after the age of 60, when will I be able to start receiving retirement benefits?

If you do not have total participation period by the age of 60, you will be able to file a claim after 5 years from enrollment. Show Detail

What types of benefits are available?

There are three types of benefits: "retirement benefits" to be received after age 60, in principle, "disability benefits" to be received upon serious disability, and a "lump-sum death benefit" to b... 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

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

How do I designate, change or cancel a beneficiary for lump-sum death benefit?

You can designate a beneficiary for lump-sum death benefit through written procedure. ＜Individual-type DC (iDeCo)＞ Contact the AnswerCenter. (Link) ＜Corporate-type DC＞ Please download the p... 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