You can join iDeCo. The maximum contribution amount (monthly) for an individual-type DC (iDeCo) differs depending on the participation status in other pension plans of your employer.

 

● Maximum contribution amount (monthly)
・If you are enrolled in a corporate-type DC, defined benefit-type corporate pensions (defined benefit pension plan (DB), employees' pension fund, etc.) , and/or mutual aid association (public servants, school teachers and employees, etc.): 20,000 yen (*1)
・If you are not enrolled in other pension plans: 23,000 yen

 

(*1) The following requirements for iDeCo participation and maximum contribution amount must be met.
・If you are enrolled in defined benefit-type corporate pensions (defined benefit pension plan (DB), employees' pension fund, etc.) in addition to a corporate-type DC, and want to join an individual-type DC (iDeCo), the combined amount with company contributions in the corporate-type DC and the amount equivalent to contribution amount in other pension plans such as defined benefit-type corporate pensions shall not exceed 55,000 yen per month.
・You do not make contributions for a corporate-type DC and/or an individual-type DC on an annual basis (or in appointed months).
・You do not make participant contributions (employee matching contribution) (*2) in a corporate-type DC.

 

(*2) Participant contributions (employee matching contribution) refers to a scheme that allows participants themselves to make contributions on top of the contributions made by the company.