Japan Lumpsum Pension Refund, Tax Return - YouAT LLC

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Please count on us for Japan's pension and tax refund
Please count on us for pension and tax refund

Pension Topics

2021-03-31
Table : How the amount of Pension Refund is calculated

1.Kosei Nenkin (Employees’ Pension Insurance)

Kosei Nenkin (厚生年金, こうせいねんきん) covers people who are employed by companies.

Pension refund (Lump-sum Withdrawal Payments) of Kosei Nenkin is calculated as

Pension Refund = Average Standard Remuneration * Multiplier

(*)Average Standard Remuneration is calculated from the average of your salaries and bonuses you receive throughout the period you pay your pension contributions. Please note that it isn’t necessarily the same as the average of your REAL salaries & bonuses (especially if your monthly salary is over 650,000 Yen it is trimmed to 650,000 Yen to derive Average Standard Remuneration).

Your pension refund amount is decided multiplying this Average Standard Remuneration by Multiplier according to your contributed months, shown below.

Case 1: You contribute Kosei Nenkin in April 2021 or after

Months ContributedMultiplier
6-110.5
12-171.1
18-231.6
24-292.2
30-352.7
36-413.3
42-473.8
48-534.4
54-594.9
over605.5


Case 2: You end contributions of Kosei Nenkin in March 2021 or before

Months ContributedMultiplier
6-110.5
12-171.1
18-231.6
24-292.2
30-352.7
over363.3


[NOTE1] App. 20% of pension refunds are withheld as income tax.
[NOTE2] The sum of Lump-sum Payments are calculated by Japanese Yen. When they are transferred into the bank accounts you designate, they will be exchanged from yen into a foreign currency.
 

2.Kokumin Nenkin (National Pension)

Kokumin Nenkin (国民年金,こくみんねんきん) covers people who are not employed by companies or public offices, that is, for example, the self-employed persons.

Pension refund (Lump-sum Withdrawal Payments) of Kokumin Nenkin is set as the following tables.

Case 1: You contribute Kokumin Nenkin from April 2021 to March 2022

Months ContributedRefund Amount (JPY)
6-1149,830
12-1799,660
18-23149,490
24-29199,320
30-35249,150
36-41298,980
42-47348,810
48-53398,640
54-59448,470
over60498,300


Case 2: You end contributions of Kokumin Nenkin in March 2021 or before

If you end contributions of Kokumin Nenkin in March 2021 or before, your pension refund is paid only by 36 months.
How much it is paid differs year by year (not drastically but modestly), so this is one example.

Example: You end contributions of Kokumin Nenkin from April 2020 to March 2021
Months ContributedRefund Amount (JPY)
6-1149,620
12-1799,240
18-23148,860
24-29198,480
30-35248,100
over36297,720


[NOTE]The sum of Lump-sum Payments are calculated by Japanese Yen. When they are transferred into the bank accounts you designate, they will be exchanged from yen into a certain currency according to your accounts.


Pension topics
2021-04-01
Maximum year for Pension Refund extended
2020-04-01
No need for face-to-face contact to claim your pension & tax refund
Read more

video
English video

Japanese pension (Nenkin) can claim for 10 years contribution.10年加入で厚生,国民年金は請求できます.

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