Is there any way to cancel the National Pension, which is burdensome to pay monthly, and is there any condition for getting a refund for the amount already paid? We will briefly explain how to cancel the National Pension Plan.
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How to cancel the National Pension
2021.08.30 – [Economic Information] – National Health Insurance Refund Inquiry (PC, mobile 3 methods)
National Health Insurance refund inquiry (PC, mobile 3 methods)
Today, I will introduce how to check the refund of the National Health Insurance. It is a simple and easy way to process, so please try it right away and apply for a deposit. Sumi is coming by text
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1. What is National Pension?
The National Pension is a public pension in Korea. It is directly operated by the government and subscription is compulsory by law. If income activity is suddenly stopped due to old age, accident, disease, death, disability, etc.
National Pension-Payment Details-Capture
National Pension Payment Details
2. Subject to National Pension Payment 국민연금 해지 방법
Nationals residing in Korea between the ages of 18 and under 60 are eligible for this payment. (Public officials, military personnel, and private school teachers subscribe to separate pensions.) Depending on the type of subscription, it is divided into business subscribers, local subscribers, voluntary subscribers, voluntary continuous subscribers, and foreign subscribers. 좋은뉴스
Workers are obliged to pay 9% of their income to the national pension, of which 4.5% is paid by themselves and the other half by the employer. Still, 4.5% is not a small percentage, so it can be a burden, and in the case of local subscribers, the burden is inevitably greater because they have to pay 9% alone.
For this reason, many people are wondering if it is possible to cancel or withdraw from the National Pension Service, and there are also many people who are wondering if the premium paid can be refunded again.
3. Conditions for Refund of National Pension Cancellation Method
More details can be found below.
Even though I do not work as a freelancer, I am automatically enrolled in the National Pension as a local insured because I am earning income. There were times when I received a mail saying that if I do not pay, it will be compulsory.
In general, it is almost impossible to cancel the national pension, but there are exceptions, so please check the conditions for canceling the national pension below.
1) If the payment period is less than 10 years
If you do not complete the minimum payment period of 10 years by age 60, you can receive a lump-sum payment at the age of 60. The amount includes principal and interest.
2) In case of loss of nationality or moving abroad
When you lose your citizenship or move abroad, the National Pension will be canceled and you can get a refund or a lump sum payment. Cancellation method is applied by the person who is the subject.
3) When survivors’ pension does not apply
If the insured person dies but is not included in the survivors’ pension, the national pension will be cancelled, and the beneficiary can receive it as a lump sum. You will receive an amount up to interest.
4. What if I do not pay the National Pension on purpose?
When I received the notification of joining the National Pension Local Subscriber by mail, it contained the content that if I did not pay the National Pension intentionally, it would be compulsorily collected. There may be cases where it is unavoidable to pay non-payment due to personal or financial reasons, but it is better to pay the unpaid amount at a later date. In addition, unpaid premiums are subject to late fees.
In severe cases, it can lead to confiscation of bankbooks and property. It’s rare, but if you don’t pay it on purpose, it will be foreclosed, so please pay it on time.
A calculator
Calculation
5. National Pension Refund Letter
Recently, there have been many text messages saying that the national pension can be refunded, but it is a smishing message, so you should never click on the link included in the message.
Above, we have learned about the cancellation method and refund conditions of the National Pension, one of the four major insurances. It may be a burdensome amount at the time of payment, but it may be helpful in old age, so I would like to think about paying it without thinking too negatively about paying it. If you can’t avoid it, you should enjoy it, but it’s a burden because it’s money-related.