Is there any tax when I transfer my pension assets in the defined contribution pension plan?

No tax is imposed. When a participant retires and transfers assets to another defined contribution pension plan, the accumulated pension assets can be transferred tax-free. Show Detail

How can I make year-end adjustments (income deduction procedure) for a corporate-type DC?

If you are enrolled in a corporate-type DC, you do not need to make year-end adjustments or tax return to receive income deduction. A "Certificate of Payment for Small Enterprise Mutual Aid Prem... 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 am currently receiving benefits in installments (annuity), when will I receive the Certificate of Income and Withholding Tax to be used for my final tax re...

A “Withholding Tax Certificate for Public Pensions, etc." "公的年金等の源泉徴収票" is sent by Sompo Japan DC Securities every year in January. It shows the benefit amount received during the previous year. Pl... Show Detail

I want to take the procedure to receive income deduction for individual-type DC (iDeCo) contributions, but I will not be able to make it in time for year-end...

If you are not able to complete year-end adjustments in time, please complete the procedure on your tax return. If you are not able to file your tax return in time, please file an amended return... 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

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 are the advantages and disadvantages of joining a corporate-type DC on an opt-in basis?

In a corporate-type DC, tax benefits are available at each stage of contribution, investing and benefit receipt. A version of a corporate-type DC commonly referred to as "opt-in" is a system... Show Detail

When is a "Certificate of Payment for Small Enterprise Mutual Aid Premiums (iDeCo Deduction Certificate)" for an individual-type DC (iDeCo) sent?

The delivery date of 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）" for an individual-type DC (iDeCo) varies dependi... Show Detail