Self-Employed Pension Calculator

Optimal pension strategy for business owners

Calculate the optimal combination of National Pension, Pension Savings, and IRP for self-employed and freelancers. Check tax benefits and expected pension at a glance.

🏪 Self-Employed Pension Features

Self-employed pay 9% of income to National Pension entirely by themselves. However, by utilizing Pension Savings and IRP, you can get tax credits up to 7 million won, combining tax savings and retirement preparation. For self-employed with irregular income, pensions provide stable retirement income.

🧓 Pension Calculator

Expected Monthly Pension

2,266,033

Income Replacement: 64.7%

National

840,000

Private

1,426,033

🏛️ National Pension

Monthly Contribution157,500
Total Contribution3780만원
Expected Monthly840,000
Replacement Rate24.0%

💰 Private Pension

Monthly Contribution300,000
Total Contribution1.26억원
Accumulated (Compound)3.42억원
Expected Monthly1,426,033
Annual Tax Credit594,000

📊 Income Replacement Analysis

Current Monthly Income3,500,000
Expected Pension2,266,033원 (64.7%)

Recommended: 70%+ replacement

⚠️ Need additional 183,967 monthly.

💡 Pension Savings Comparison

MonthlyTax Credit/yrAccumulatedMonthly Payout
100,000198,0001.14억원475,344
200,000396,0002.28억원950,688
300,000594,0003.42억원1,426,033
400,000660,0004.56억원1,901,377
500,000660,0005.70억원2,376,721
🧓

Pension Calculation Result

Monthly 2,266,033원

National 840,000 + Private 1,426,033

Income replacement 64.7%

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Note

This is an estimate. Actual pension amounts vary based on contribution history. Contact the NPS (1355) for accurate information.

📐 Pension Calculation

National Pension = Monthly Income × 9% (self-paid)

Tax Credit = (Pension Savings 4M + IRP 3M) × 16.5%

Max Tax Credit = 7M × 16.5% = 1.155M KRW

📝 How to Calculate

  1. Enter monthly average business income
  2. Check current National Pension payment
  3. Enter Pension Savings/IRP contribution plan
  4. Review expected tax credits and pension
  5. Build optimal pension portfolio

📊 Self-Employed Tax Credit Simulation

Annual IncomePension SavingsIRPCredit RateRefund
Under $33K$3,300$2,50016.5%$957
$33K-$46K$3,300$2,50016.5%$957
Over $46K$3,300$2,50013.2%$766
Over $83K$2,500$2,50013.2%$660

💡 Self-Employed Pension Strategy

  • Extend coverage period with voluntary National Pension
  • Fill Pension Savings 4M first, then add IRP 3M
  • Maintain minimum contribution in low-income years
  • Additional deductions with Small Business Mutual Aid
  • Keep Pension Savings after closure for compound effect

FAQ

Is National Pension mandatory for self-employed?

If you have business income, enrollment is mandatory. However, if income is very low or none, you can apply for payment exemption.

Which is better: Small Business Aid or Pension Savings?

Enroll in both. Small Business Aid offers income deduction (max 5M), while Pension Savings offers tax credit (max 4M) - different benefit structures.

What happens to pension if I close my business?

National Pension coverage continues, and Pension Savings/IRP remain if not terminated. Contributions become optional after closure with no income.

📚 Hướng dẫn tính theo khu vực

Logic công thức

Áp dụng công thức công khai cho tài chính, khoản vay, tỷ lệ và quy đổi đơn vị.

Nguồn tham chiếu

Tham chiếu tiêu chuẩn công khai và thông lệ phổ biến theo quốc gia.

Giả định

Thuế, phí, lãi suất và giới hạn thay đổi theo khu vực/tổ chức.

Result Interpretation

Dùng kết quả như kịch bản chuẩn. Trước khi quyết định, đối chiếu báo giá thật và quy định thuế địa phương.

Thiết lập mặc định

Tiền tệ: VND

Đơn vị: metric

Mô hình thuế: US payroll estimate

Lưu ý pháp lý

Công cụ dùng preset theo khu vực để ước tính. Điều khoản thực tế và giới hạn pháp lý có thể khác theo tổ chức/địa phương.

Hành động đề xuất

  • So sánh ít nhất 2-3 đơn vị địa phương trước khi chốt.
  • Kiểm tra lại phí, thuế và điều khoản trả trước bằng văn bản.
  • Chạy thêm kịch bản lãi suất +1-2% và thu nhập giảm.

Trước khi quyết định thực tế, hãy xác nhận điều kiện mới nhất tại địa phương.

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