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

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 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

How do I make an application to receive income deduction (tax refund) on my individual-type DC (iDeCo) contributions?

The full amount of contributions in an individual-type DC (iDeCo) is subject to income deduction. Those who make contributions to iDeCo by themselves (debit from their bank account) are eligible... Show Detail

Are any documents required for the procedure to receive income deduction for Individual-type DC (iDeCo)?

A "Certificate of Payment for Small Enterprise Mutual Aid Premiums (iDeCo Deduction Certificate)" "小規模企業共済等掛金払込証明書（iDeCo控除証明書）" is required. The "Certificate of Payment for Small Enterprise Mutu... 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

If I have life insurance or individual annuity insurance, can I still deduct the full amount of my contributions for an individual-type DC (iDeCo) from my in...

Premiums for life insurance and individual annuity insurance are subject to deduction for life insurance premiums (or deduction for individual annuity insurance premiums), which are not related to ... Show Detail

I changed the amount of contributions for my individual-type DC (iDeCo). How can I make year-end adjustments with the changed contribution amount?

If you change the amount of contributions for the applicable period after the "Certificate of Payment for Small Enterprise Mutual Aid Premiums (iDeCo Deduction Certificate)" is sent, the National P... Show Detail

Are there any taxes on investment gains in an individual-type DC (iDeCo)?

Investment gains are tax-free in an individual-type DC (iDeCo). Investment gains are also tax-free in a corporate-type DC. Show Detail

What kind of tax benefits are available to participants?

Tax benefits are available at each stage of contribution, investing and benefits. ■When making contributions 　 ・Companies of a corporate-type DC: The full amount of contributions are deductible... Show Detail