What payments are refunded?
What payments are refunded?
When a worker is enrolled in the Employees’ Pension Insurance (as are nearly all company employees), the following taxes and premiums are withheld from the salary each month.
| 1.Taxes | ①Income tax withheld at source | Tax levied on income |
|---|---|---|
| ②Resident tax | Takes paid to the local government in the area of residence | |
| 2.Insurance premiums | ①Health insurance premiums | Insurance to reduce medical costs when going to a hospital due to illness or injury |
| ②Employees’ Pension Insurance premiums | Insurance for old-age pension annuity payments | |
| ③Long-term care insurance premiums | Insurance for obtaining nursing care and similar care | |
| ④Employment insurance premiums | Insurance for living security in case of unemployment |
The lump-sum withdrawal payment refunds an amount of the Employees’ Pension Insurance premiums, used primarily for old-age annuity pensions in Japan, that are withheld from the salary each month during the period when an overseas national works in Japan.
Basic information about lump-sum withdrawal payments
1.What is a lump-sum withdrawal payment?
2.What payments are refunded?
3.How much is refunded?
4.How is the amount calculated?
5.What are the conditions for receiving the lump-sum withdrawal payment?
6.Is the lump-sum withdrawal payment subject to taxation?
7.How does the process work?
8.Are there any precautions concerning the lump-sum withdrawal payment?
2.What payments are refunded?
3.How much is refunded?
4.How is the amount calculated?
5.What are the conditions for receiving the lump-sum withdrawal payment?
6.Is the lump-sum withdrawal payment subject to taxation?
7.How does the process work?
8.Are there any precautions concerning the lump-sum withdrawal payment?
Free consultation about the Lump-sum Withdrawal Payment
We have been in business since 1986 and have nearly 40 years of experience in consulting on various procedures for foreigners, with a focus on visa applications.
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