HSB JAPAN NEWS
Lump-sum Withdrawal Payments ( Japanese Pension Refund)
Non-Japanese persons who worked and paid pension contributions in Japan（Kosei Nenkin / Kokumin Nenkin / Kyosai Nenkin）can claim refunds of their contributions within 2 years since leaving Japan. This payback system is called “Lump-sum Withdrawal Payments”. Details are shown on the guidance pages of Japan Pension Service Persons who fulfill the following conditions can claim their pension refunds: 1.They are not a Japanese citizen, 2.They have paid Japanese pension
HSB JAPAN BECOMES A PARTNER OF MIRAI INSURANCE COMPANY AND IS AN EXCLUSIVE DISTRIBUTOR OF MIRAI INSURANCE SERVICES FOR FOREIGNERS IN JAPAN
Since 15th August 2020, HSB JAPAN is honoured to be a strategic partner and exclusive distributor of MIRAI Insurance Corporation, providing insurance products for Vietnamese people living and working in Japan. MIRAI insurance applies to all short-term and long-term visas in Japan with period of stay more than 6 months: Tourist Visa, Working Visa, Engineer Visa, Dependent Visa, Refugee Visa… . For more information, please contact the Mirai Insurance Consulting
TAX REFUND
It’s your money! Let’s go get it. We help you maximize your Japanese Tax Refund: Income tax & Resident tax You could be entitled to get tax back from Japan for a number of reasons including: • You are a foreigner working in Japan for more than a year • You are married to Japanese • You send remittance to dependents family in home country *The more
INCOME TAX – RESIDENCE TAX
Income Tax All individuals living and working in Japan are obligated to pay income tax (所得税: し ょ と く ぜ い). The amount of tax payable will depend on the annual income. Income less than 130,000 yen / year will not be charged income tax. Students, trainees and employees at a contracting company will have the tax deducted directly from their salaries. If you work for a company without
WHAT ARE DOCUMENTS NEEDED
You are eligible for lump-sum withdrawal payment if you satisfy all the following seven requirements. You are not a Japanese citizen. You are not a resident in Japan. You have coverage periods of six months or more under the EPI system. You are not eligible for Old-age Employees’ Pension period (see note below) You have never been entitled to receive a pension (including disability allowance). It has been within two
HOW TO CALCULATE YOUR PENSION LUMPSUM?
The amount to be paid is calculated and increases on a 6-month basis up to a maximum of 12 periods or 60 months (5years). Any payment made after the 60th month is to be excluded. Therefore, the amount to be received will be the same whether one is enrolled in the system for 5 years or 9 years. ※ This new rule will be applied from April 2021. HOW TO