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Re: LOW retirement income-how about insurance/taxes?
Posted: Wed Jul 31, 2024 7:35 am
by 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.
Re: LOW retirement income-how about insurance/taxes?
Posted: Wed Jul 31, 2024 12:07 pm
by Wales4rugbyWC23
Roger Van Zant wrote: ↑Wed Jul 31, 2024 7:35 am
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.)
Re: LOW retirement income-how about insurance/taxes?
Posted: Wed Jul 31, 2024 12:38 pm
by beanhead
Roger Van Zant wrote: ↑Wed Jul 31, 2024 7:35 am
@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.
Re: LOW retirement income-how about insurance/taxes?
Posted: Wed Jul 31, 2024 6:51 pm
by RetireJapan
Just for kokumin nenkin payers, to help them increase their tiny pensions a little.