South Korea - Pension - Lump-Sum Refund

South Korea - Pension - Lump-Sum Refund

What is the National Pension System (NPS) Lump-Sum Refund?

The lump-sum refund from the National Pension System is a one-time payment that expiates may claim when they permanently leave Korea. The refund includes both the employee’s and the employer’s contribution to the NPS.

The program is designed to ensure that expiates can recover their contributions if they are not planning to stay in Korea long enough to receive the regular pension benefits, which is generally require at least 10 years of contributions.  Refer to link below on eligibility for NPS lump-Sum refund and how to claim your pension contributions. Korea NPS Lump-Sum Refund for Expats: How to Claim Your Pension Contributions

*Please consult a cross-border tax advisor for eligibility*



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