National Pension Calculator 2026 - South Korea
Calculate your Korean national pension contributions: 4.5% employee + 4.5% employer = 9% total. Minimum threshold ₩370,000, maximum ₩5,900,000 (2024). Includes estimated monthly pension estimate.
Income Data
Contributions to National Pensions
Come utilizzare Calcolatore Pensione Nazionale 2026 - Corea del Sud
Insert your monthly salary
Insert your monthly standard income. Pension contributions are based on this amount, with a maximum of ₩5,900,000 and a minimum threshold of ₩370,000 (2024).
Insert current age and years of contribution
Insert your current age and how many years you expect to contribute. The minimum for full retirement entitlement is 10 years. The maximum period of contribution is typically 40 years.
Verify contributions and estimated pension
Check monthly employee and employer contributions (4.5% each), annual totals, and a simplified estimate of the monthly pension based on contribution period.
Suggerimenti
- Consider your National Pension as a foundation: integrate with individual pension income and previdential savings accounts for complete retirement planning.
- If you leave Korea before age 60 and become eligible for retirement benefits, you can request a refund of your contributions upon departure.
- Check if your country has a totalization agreement.
- The NPS pension offers also disability and survivor benefits in addition to old-age pensions: it's more than just a simple pension plan.
Domande frequenti
What is the National Pension?
The National Pension is South Korea's mandatory public pension system, administered by the National Pension Service (NPS). It covers all employees aged 18-59. The total contribution rate is 9% of standard monthly income, split equally between employee (4.5%) and employer (4.5%).
What are the income floor and ceiling?
For 2024, the standard monthly income floor is ₩370,000 and the ceiling is ₩5,900,000. If your actual salary is below the floor, pension is calculated on ₩370,000. If above the ceiling, pension is calculated on ₩5,900,000. The ceiling is adjusted every July.
When can I get my pension?
Standard retirement age for national pension is 63, increasing to 65 by 2033. Minimum contribution period is 10 years. Early pension can be received from age 58 with reduced amount; deferred pension (up to age 68) increases monthly payment by 7.2% per year.
How is your pension amount calculated?
The monthly pension formula is complex: A × (1 + 0.05n) × (P1 + P2)/2, where A is the average national wage, n is years beyond 20 years, P1 is average national wage during contribution period, and P2 is the individual's average standard income. The formula is designed to achieve approximately 40% income replacement for 40 years of contributions.
Can self-employed people join the National Pension?
Yes. Self-employed workers must also contribute to the National Pension if aged 18-59 with income. They pay the full 9% themselves (no employer share). Monthly contribution is calculated on assessed income, which the NPS estimates based on assets and declared income.