Foreigners: leave Japan and get a $5,000 bonus
Collect the $5,000 please-leave-Japan-you-evil-gaijin bonus!
About the J-Pension Refund… There is a Y590,000 limit on the refund so if you have paid lot of money into the Japanese Pension system having the 11 years you paid into the J-Pension transferred into your UK-Pension program is a better deal (if the UK and Japan have that pension swap). On the other hand, for folks who mostly worked “off the books” doing freelance work, hostessing and the like during their stay, the J-Pension Refund will be a good deal just as it is for 3-or-fewer-years gaijin. (The very name of the pension-refund scheme in Japanese refers to payments for “short-term” foreigners–the 90 percent who leave within three years.)
The Irish Net Nippon presents Everything You Ever Wanted To Know About The JAPANESE PENSION REFUND SYSTEM Adapted from an article originally published in the Japan Times.
[[ a bit old, but still valid]]
>Q. What if I have more questions? A. In Japanese, call the government offices mentioned earlier where the pension payment application will be distibuted and ask to speak to someone who can tell you about pensions (nenkin). Specifically, ask about lump-sum withdrawal payments for foreigners (tanki zairyu gaikokujin ni taisuru dattai ichijikin.) Also be aware of this possible refund… I don’t know if I would trust these folks with my money, but they do seem to have a “method” to get both the: “1. The pension refund itself (below) 2. The additional 20% tax refund.”
Also refer to my old threads:
Pension & Health Insurance payments
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August 6th, 2005 at 5:08 pm
I am under the impression that Japan is currently negotiating with other countries about this program. Recently, from my understanding, JAPAN-US have signed an agreement the transfer of these fees into each others social security program. Thus, it may not be wise for someone to withdraw the 590,000yen if they have payed more into the system….
Does anybody know the true facts on this? I am presenting just hearsay information…..
November 15th, 2005 at 3:52 pm
This article only deals with one kind of pension, doesn`t it? How about some info regarding the pension through city hall?
That`s a huge scam – a few years back they changed the rules so you can`t withdraw what you paid. You`re only eligible for 230,000 yen when you leave Japan for good – you damned city hall criminals!
I know someone who lived for a long time here and had paid about 14 years` worth of payments to the city hall scheme. Before he could have claimed back 3 months` salary worth (still cheated out of money but not as bad) but thanks to the cheats changing the rules, he could only claim 230,000 yen.
What he did – he refused to pay health insurance and city hall tax for 3 years before he left to compensate. Way to go!