LOW retirement income-how about insurance/taxes?

[Roger Van Zant]

You can also increase the amount by going to the Local Pension Office now to apply to pay Voluntary Additional Pension Plan Fuka Nenkin Contributions to increase your monthly payout. Currently Y400 per month.

@Tkydon

Can anyone pay this extra 400 yen per month?
I am a company employee（正社員）and pay into 厚生年金, in addition to my company's DB scheme (10,000 yen per month) and my own iDeCo (12,000 yen per month).

For the price of just a couple of beers per month, I am curious about this Fuka Nenkin....
By how much extra would it increase my pension in the future (I am currently almost 46); been paying into the Japanese pension since 2005 with, perhaps, 18 months "missing" (stupid eikaiwa messed up years ago when I was still wet behind the ears about all of this stuff).

Thank you.

[Wales4rugbyWC23]

You can also increase the amount by going to the Local Pension Office now to apply to pay Voluntary Additional Pension Plan Fuka Nenkin Contributions to increase your monthly payout. Currently Y400 per month.

@Tkydon

Can anyone pay this extra 400 yen per month?
I am a company employee（正社員）and pay into 厚生年金, in addition to my company's DB scheme (10,000 yen per month) and my own iDeCo (12,000 yen per month).

For the price of just a couple of beers per month, I am curious about this Fuka Nenkin....
By how much extra would it increase my pension in the future (I am currently almost 46); been paying into the Japanese pension since 2005 with, perhaps, 18 months "missing" (stupid eikaiwa messed up years ago when I was still wet behind the ears about all of this stuff).

Thank you.

As a sole proprietor, if you are doing your full IDECO and small business pension you can't contribute to the fuka nenkin, unless you decrease your contributions on either pension by 400 yen, then you will be able to contribute. (I am sorry that does not answer your question as company employee.)

[beanhead]

@Tkydon

Can anyone pay this extra 400 yen per month?
I am a company employee（正社員）and pay into 厚生年金, in addition to my company's DB scheme (10,000 yen per month) and my own iDeCo (12,000 yen per month).


Thank you.

Not Don, but no you cannot pay into this if you pay kosei nenkin.

[RetireJapan]

Just for kokumin nenkin payers, to help them increase their tiny pensions a little.