{"content_id":"w2pvae4ut4","slug":"retirement-planning-monthly-500000-won-pension-savings-irp","locale":"en","schema_type":"HowTo","category":"how_to","category_name":"How-to","title":"₩500,000 Monthly Retirement Plan: Pension Savings and IRP","summary":"Contributing ₩500,000 a month to pension savings meets the annual tax credit limit of ₩6 million. Additional IRP contributions and the 30-year accumulation calculation should be considered separately, while taxes on early withdrawals and post-retirement living expenses should be planned together.","sponsorship_disclosure":null,"affiliate_disclosure":null,"commerce_disclosure":null,"author":{"name":"Injoys Editorial Team","url":"https://injoys.com/ko/about"},"key_points":["Check your estimated National Pension benefit and retirement pension balance.","Set your monthly contribution after excluding emergency funds and money you will need soon.","It is best to divide your contributions according to the tax credit limits for pension savings and IRP.","Set up automatic transfers and check whether investment products are being purchased within the account.","Review your asset allocation and fees, and adjust your post-retirement withdrawal plan."],"content_markdown":"Start preparing for retirement by automatically transferring an amount you can afford into a pension account. A monthly contribution of 500,000 won matches the annual pension savings tax credit limit of 6 million won. Decide on additional IRP contributions based on your available funds.\n\nThe tax figures are based on the Income Tax Act effective July 1, 2026.\n\n## Steps to start preparing for retirement\n\nBefore opening a pension account, review your current pensions and capacity to save. A monthly contribution of 500,000 won is an example, not a required amount. If you would have to borrow money for living expenses to make contributions, it is reasonable to contribute less.\n\n1. **Review your current pensions.** Check your estimated pension benefit with the National Pension Service. Also record your company’s retirement pension type and accumulated balance.\n2. **Set a monthly contribution you can maintain.** Keep emergency funds and money you will need soon separate. Decide how much to contribute to pension accounts from the remaining amount.\n3. **Decide how to allocate contributions between accounts.** If you can contribute 500,000 won per month, consider filling the pension savings limit first. If you have additional capacity, check the remaining tax credit allowance for an IRP.\n4. **Set up automatic transfers and product purchases.** Depositing money into an account does not automatically purchase investment products. Check whether automatic purchases are supported and review the actual purchase history.\n5. **Review your investment and withdrawal plans.** Check your stock and bond allocations and costs. As retirement approaches, also decide when to withdraw money for living expenses.\n\nCompounding means that investment returns are reinvested, expanding the base on which returns are earned. Starting early gives the same amount of money more time to be invested. However, investment results also depend on the contribution amount and actual rate of return. Starting late does not make retirement preparation meaningless.\n\n## Roles of the National Pension, retirement pensions, and private pensions\n\nRetirement living expenses should be assessed by adding together the amounts you will receive from each pension. Whether the National Pension alone is sufficient depends on your expected living expenses. It is better to determine your private pension contributions after identifying any shortfall.\n\n| Category | Nature of funding | What to check |\n| --- | --- | --- |\n| National Pension | Public pension received based on contribution history | Coverage period, estimated pension benefit, when benefits begin |\n| Retirement pension | Retirement benefits funded by the company | Whether it is DB or DC, accumulated balance, who manages the investments |\n| Pension additionally funded by the individual | Personal contributions to pension savings and an IRP | Contributions, investment products, costs, withdrawal plan |\n\nIRP stands for individual retirement pension account. It is used both to receive retirement benefits and to make additional personal contributions. Therefore, classifying the entire IRP balance as personal savings can result in double counting. You can review the retirement pension structure in the [Ministry of Employment and Labor’s explanation of the system](https://www.moel.go.kr/retirementpay.do).\n\n## What the National Pension income replacement rate of 43% means\n\nThe National Pension income replacement rate of 43% in 2026 does not guarantee that an individual will receive 43%. It is an indicator based on 40 years of coverage at the average income level. The actual pension benefit depends on your coverage period and income history.\n\nThe National Pension Service’s pension reform Q\u0026A explains when the rate applies as follows.\n\n\u003e The adjusted income replacement rate applies to coverage periods on or after 2026.1.1.\n\nThe previous rules apply to coverage periods through 2025. Therefore, calculating your estimated pension by multiplying your final monthly salary by 43% is inaccurate. The scope of application is provided in the [National Pension Service’s pension reform Q\u0026A](https://www.nps.or.kr/pnsinfo/ntpsklg/getOHAF0104M0.do).\n\n| Item | Application standard | Interpretation |\n| --- | --- | --- |\n| National Pension nominal income replacement rate | 43% applies to coverage periods from 2026 onward | Distinguish from individual benefit amounts |\n| Overall National Pension contribution rate | 9.5% of standard monthly income in 2026 | Workplace subscribers and employers each pay half |\n| OECD average mandatory pension contribution rate | 18.8% for an average-wage worker in 2024 | Total mandatory public and private pension contributions |\n\nThe OECD figure of 18.8% and Korea’s 2026 contribution rate are based on different years. In the same OECD statistics, Korea’s 2024 contribution rate is 9.5%. You should also check which pension systems are included in each country’s comparison. The figures appear in the OECD’s [Pensions at a Glance 2025](https://www.oecd.org/content/dam/oecd/en/publications/reports/2025/11/pensions-at-a-glance-2025_76510fe4/e40274c1-en.pdf).\n\nYou should also avoid claiming that all actual income replacement rates are in the low 20% range. Without the population covered by the statistics and the income standard, it is difficult to apply the figure to an individual. Use your own estimated pension benefit when planning living expenses.\n\n## Comparing pension savings and IRP\n\nIf you want to invest directly in ETFs, compare pension savings funds among the available pension savings products. Pension savings insurance has a different investment method and cost structure. Choosing a product based only on the shared name of pension savings may cause you to overlook these differences.\n\n| Comparison item | Pension savings fund | IRP |\n| --- | --- | --- |\n| Basic tax credit eligible limit | 6 million won per year | 9 million won per year, including pension savings |\n| Allocation to equity products | Up to 100% can be allocated to eligible equity funds and ETFs | As a rule, risk assets may account for at most 70% of the balance |\n| Partial early withdrawal | Allowed, but taxation depends on the source of the withdrawal | Limited to reasons specified by law |\n| Costs to check | Fund and ETF management fees and transaction-related costs | Account management fees and product costs |\n| Eligibility | Available even without income | Check whether you are legally eligible, such as an employee or self-employed person |\n\nAn IRP has exceptions to the investment limit for products that meet certain requirements. Check the permitted allocation for each product with the financial institution. The comparison of the systems refers to the table in the [National Pension Research Institute’s Pension Forum, Spring 2026 issue](https://institute.nps.or.kr/fileDown.do?atchFileId=FL26001982\u0026atchFileSn=1).\n\nFilling the pension savings limit first is one option. This is because partial withdrawals and investment allocation are relatively flexible. However, the ability to invest the full amount in equity products does not mean that this is the recommended allocation.\n\n## Contribution amounts by situation\n\nIf you contribute 500,000 won per month, your annual contribution is 6 million won. Contributing the full amount to pension savings alone still matches the basic tax credit eligible limit. You do not have to split contributions between two accounts from the beginning to receive the credit.\n\n| Savings capacity | Example contribution structure | Annual personal contribution |\n| --- | --- | --- |\n| Less than 500,000 won per month | Consider starting pension savings with an amount you can maintain | Actual monthly contribution × number of months contributed |\n| 500,000 won per month | 500,000 won per month to pension savings | 6 million won |\n| 750,000 won per month | 500,000 won per month to pension savings + 250,000 won per month to IRP | 9 million won |\n| Irregular income | Add available funds to a small regular contribution | Actual contribution for the year |\n\nA contribution of 6 million won to pension savings and 3 million won to an IRP totals 9 million won per year. To contribute this in equal monthly amounts, you need 750,000 won per month. A plan of 500,000 won per month does not automatically include 3 million won for an IRP.\n\nThe basic tax credit eligible limit is 9 million won. The general personal contribution limit is 18 million won per year across all pension accounts. Separate rules should be checked for matters such as transferring ISA maturity proceeds.\n\n## How much can you receive as a tax credit?\n\nThe tax credit amount depends on eligible contributions and your income bracket. A tax credit deducts a certain amount from the tax you owe. The amounts below include the effect of local income tax.\n\n| Income condition for the relevant tax year | Credit effect including local income tax | Contribution of 6 million won | Contribution of 9 million won |\n| --- | --- | --- | --- |\n| Employment income only and total salary of at most 55 million won | 16.5% | 990,000 won | 1,485,000 won |\n| Employment income only and total salary of more than 55 million won | 13.2% | 792,000 won | 1,188,000 won |\n| In other cases, aggregate income of at most 45 million won | 16.5% | 990,000 won | 1,485,000 won |\n| In other cases, aggregate income of more than 45 million won | 13.2% | 792,000 won | 1,188,000 won |\n\nUnder the Income Tax Act, the tax credit rates are 15% and 12%, respectively. Total salary is different from the take-home pay deposited into your bank account. A business owner’s aggregate income must also be distinguished from revenue. The income conditions and limits are set out in [Article 59-3 of the Income Tax Act](https://www.law.go.kr/lsLinkCommonInfo.do?chrClsCd=010202\u0026lsJoLnkSeq=1032880515).\n\nYou should not assume that the amounts in the table will be refunded in full. If your tax liability is insufficient, you may not receive the full calculated credit. The actual refund is determined after accounting for taxes already paid and other deductions and credits.\n\n## Calculation example: Contributing 500,000 won per month for 30 years\n\nThe accumulated amount varies depending on how an annual return of 7% is converted into a monthly return. Assume that 500,000 won is contributed at the end of each month for 30 years. Total principal contributions are 180 million won. Taxes and costs are excluded from the calculation.\n\n| Calculation method | Monthly return used | Calculated balance after 30 years |\n| --- | --- | --- |\n| When the annual compounded return is exactly 7% | 1.07^(1/12) - 1 | 584,726,302 won |\n| When 7% per year is divided by 12 and compounded monthly | 0.07 ÷ 12 | 609,985,498 won |\n\nThe balances are rounded to the nearest won. The formula is `500,000 × ((1+r)^360 - 1) ÷ r`. Here, `r` is the monthly return.\n\nThe effective annual compounded return under the second method is approximately 7.229%. Therefore, the two calculations do not assume the same annual rate of return. If presenting a calculated result of at least 600 million won, this difference must be disclosed.\n\nAn annual return of 7% is a calculation assumption, not a guaranteed return. In actual investing, monthly returns vary. There may also be periods of losses. This accumulated balance cannot be reproduced using only a simple average return.\n\nThe calculation does not include reinvestment of tax credit refunds. Investment costs and taxes upon withdrawal must also be accounted for separately. As prices rise, the amount that can be purchased with the same balance decreases.\n\n## Common mistakes: Confusing deposits, investments, and withdrawals\n\nPutting money into a pension account and holding investment products are separate matters. A self-directed account may require you to place purchase orders. Check both your automatic transfer history and product holdings.\n\n- **Making deposits but overlooking investment management:** Check whether the money remains in cash or cash-equivalent assets.\n- **Simply increasing the number of ETFs:** Check whether the same stocks and sectors overlap.\n- **Assuming bond products cannot lose money:** Bond funds and ETFs can also decline in price.\n- **Assuming that partial withdrawals are tax-free because they are allowed:** Check the taxation of each source of withdrawn funds.\n- **Increasing living expense loans to avoid closing the account:** Consider adjusting your contribution amount first.\n\nOrdinary early withdrawals from pension savings may be taxed. Taxable amounts include principal for which a tax credit was received and investment returns. The general other income tax rate is 16.5%, including local income tax. Exceptions apply to unavoidable withdrawals under tax law, so check the [Financial Services Commission guidance](https://www.fsc.go.kr/po010105/87144).\n\nTo reduce early withdrawals, keep emergency funds outside your pension accounts. It is also better to separate money you will need soon, such as housing funds. A structure that allows you to continue making contributions is the foundation of long-term investing.\n\n## How to turn accumulated savings into living expenses in your 70s\n\nAfter retirement, calculate the monthly shortfall in living expenses before focusing on total assets. Even with accumulated savings, an appropriate amount of living expenses is not paid automatically. You must determine when to receive each pension and the conditions for withdrawals.\n\n1. **Write down your expected monthly living expenses.** Separate ongoing necessary expenses such as housing and medical costs.\n2. **Add up the pension benefits you will receive at the same time.** Check the estimated benefits from the National Pension and retirement pensions.\n3. **Calculate the monthly shortfall.** Subtract after-tax pension benefits from expected living expenses.\n4. **Plan private pension withdrawals to cover the shortfall.** Check withdrawal requirements and taxes with the financial institution.\n5. **Adjust for market conditions and changes in spending.** Review the price volatility risk of money you will withdraw soon.\n\nLiving expenses and estimated pension benefits should be compared using the same inflation basis. Directly subtracting future nominal pension benefits from current living expenses distorts the difference. If losses immediately after retirement coincide with withdrawals, it may be difficult for the remaining assets to recover. For this reason, your plan should connect the accumulation stage with the timing of withdrawals.","content_html":"\u003cp\u003eStart preparing for retirement by automatically transferring an amount you can afford into a pension account. A monthly contribution of 500,000 won matches the annual pension savings tax credit limit of 6 million won. Decide on additional IRP contributions based on your available funds.\u003c/p\u003e\n\u003cp\u003eThe tax figures are based on the Income Tax Act effective July 1, 2026.\u003c/p\u003e\n\u003ch2\u003e\n\u003ca href=\"#steps-to-start-preparing-for-retirement\" class=\"anchor\" id=\"steps-to-start-preparing-for-retirement\"\u003e\u003c/a\u003eSteps to start preparing for retirement\u003c/h2\u003e\n\u003cp\u003eBefore opening a pension account, review your current pensions and capacity to save. A monthly contribution of 500,000 won is an example, not a required amount. If you would have to borrow money for living expenses to make contributions, it is reasonable to contribute less.\u003c/p\u003e\n\u003col\u003e\n\u003cli\u003e\n\u003cstrong\u003eReview your current pensions.\u003c/strong\u003e Check your estimated pension benefit with the National Pension Service. Also record your company’s retirement pension type and accumulated balance.\u003c/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eSet a monthly contribution you can maintain.\u003c/strong\u003e Keep emergency funds and money you will need soon separate. Decide how much to contribute to pension accounts from the remaining amount.\u003c/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eDecide how to allocate contributions between accounts.\u003c/strong\u003e If you can contribute 500,000 won per month, consider filling the pension savings limit first. If you have additional capacity, check the remaining tax credit allowance for an IRP.\u003c/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eSet up automatic transfers and product purchases.\u003c/strong\u003e Depositing money into an account does not automatically purchase investment products. Check whether automatic purchases are supported and review the actual purchase history.\u003c/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eReview your investment and withdrawal plans.\u003c/strong\u003e Check your stock and bond allocations and costs. As retirement approaches, also decide when to withdraw money for living expenses.\u003c/li\u003e\n\u003c/ol\u003e\n\u003cp\u003eCompounding means that investment returns are reinvested, expanding the base on which returns are earned. Starting early gives the same amount of money more time to be invested. However, investment results also depend on the contribution amount and actual rate of return. Starting late does not make retirement preparation meaningless.\u003c/p\u003e\n\u003ch2\u003e\n\u003ca href=\"#roles-of-the-national-pension-retirement-pensions-and-private-pensions\" class=\"anchor\" id=\"roles-of-the-national-pension-retirement-pensions-and-private-pensions\"\u003e\u003c/a\u003eRoles of the National Pension, retirement pensions, and private pensions\u003c/h2\u003e\n\u003cp\u003eRetirement living expenses should be assessed by adding together the amounts you will receive from each pension. Whether the National Pension alone is sufficient depends on your expected living expenses. It is better to determine your private pension contributions after identifying any shortfall.\u003c/p\u003e\n\u003cdiv class=\"overflow-x-auto\"\u003e\u003ctable\u003e\n\u003cthead\u003e\n\u003ctr\u003e\n\u003cth\u003eCategory\u003c/th\u003e\n\u003cth\u003eNature of funding\u003c/th\u003e\n\u003cth\u003eWhat to check\u003c/th\u003e\n\u003c/tr\u003e\n\u003c/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd data-label=\"Category\"\u003eNational Pension\u003c/td\u003e\n\u003ctd data-label=\"Nature of funding\"\u003ePublic pension received based on contribution history\u003c/td\u003e\n\u003ctd data-label=\"What to check\"\u003eCoverage period, estimated pension benefit, when benefits begin\u003c/td\u003e\n\u003c/tr\u003e\n\u003ctr\u003e\n\u003ctd data-label=\"Category\"\u003eRetirement pension\u003c/td\u003e\n\u003ctd data-label=\"Nature of funding\"\u003eRetirement benefits funded by the company\u003c/td\u003e\n\u003ctd data-label=\"What to check\"\u003eWhether it is DB or DC, accumulated balance, who manages the investments\u003c/td\u003e\n\u003c/tr\u003e\n\u003ctr\u003e\n\u003ctd data-label=\"Category\"\u003ePension additionally funded by the individual\u003c/td\u003e\n\u003ctd data-label=\"Nature of funding\"\u003ePersonal contributions to pension savings and an IRP\u003c/td\u003e\n\u003ctd data-label=\"What to check\"\u003eContributions, investment products, costs, withdrawal plan\u003c/td\u003e\n\u003c/tr\u003e\n\u003c/tbody\u003e\n\u003c/table\u003e\u003c/div\u003e\n\u003cp\u003eIRP stands for individual retirement pension account. It is used both to receive retirement benefits and to make additional personal contributions. Therefore, classifying the entire IRP balance as personal savings can result in double counting. You can review the retirement pension structure in the \u003ca href=\"https://www.moel.go.kr/retirementpay.do\"\u003eMinistry of Employment and Labor’s explanation of the system\u003c/a\u003e.\u003c/p\u003e\n\u003ch2\u003e\n\u003ca href=\"#what-the-national-pension-income-replacement-rate-of-43-means\" class=\"anchor\" id=\"what-the-national-pension-income-replacement-rate-of-43-means\"\u003e\u003c/a\u003eWhat the National Pension income replacement rate of 43% means\u003c/h2\u003e\n\u003cp\u003eThe National Pension income replacement rate of 43% in 2026 does not guarantee that an individual will receive 43%. It is an indicator based on 40 years of coverage at the average income level. The actual pension benefit depends on your coverage period and income history.\u003c/p\u003e\n\u003cp\u003eThe National Pension Service’s pension reform Q\u0026amp;A explains when the rate applies as follows.\u003c/p\u003e\n\u003cblockquote\u003e\n\u003cp\u003eThe adjusted income replacement rate applies to coverage periods on or after 2026.1.1.\u003c/p\u003e\n\u003c/blockquote\u003e\n\u003cp\u003eThe previous rules apply to coverage periods through 2025. Therefore, calculating your estimated pension by multiplying your final monthly salary by 43% is inaccurate. The scope of application is provided in the \u003ca href=\"https://www.nps.or.kr/pnsinfo/ntpsklg/getOHAF0104M0.do\"\u003eNational Pension Service’s pension reform Q\u0026amp;A\u003c/a\u003e.\u003c/p\u003e\n\u003cdiv class=\"overflow-x-auto\"\u003e\u003ctable\u003e\n\u003cthead\u003e\n\u003ctr\u003e\n\u003cth\u003eItem\u003c/th\u003e\n\u003cth\u003eApplication standard\u003c/th\u003e\n\u003cth\u003eInterpretation\u003c/th\u003e\n\u003c/tr\u003e\n\u003c/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd data-label=\"Item\"\u003eNational Pension nominal income replacement rate\u003c/td\u003e\n\u003ctd data-label=\"Application standard\"\u003e43% applies to coverage periods from 2026 onward\u003c/td\u003e\n\u003ctd data-label=\"Interpretation\"\u003eDistinguish from individual benefit amounts\u003c/td\u003e\n\u003c/tr\u003e\n\u003ctr\u003e\n\u003ctd data-label=\"Item\"\u003eOverall National Pension contribution rate\u003c/td\u003e\n\u003ctd data-label=\"Application standard\"\u003e9.5% of standard monthly income in 2026\u003c/td\u003e\n\u003ctd data-label=\"Interpretation\"\u003eWorkplace subscribers and employers each pay half\u003c/td\u003e\n\u003c/tr\u003e\n\u003ctr\u003e\n\u003ctd data-label=\"Item\"\u003eOECD average mandatory pension contribution rate\u003c/td\u003e\n\u003ctd data-label=\"Application standard\"\u003e18.8% for an average-wage worker in 2024\u003c/td\u003e\n\u003ctd data-label=\"Interpretation\"\u003eTotal mandatory public and private pension contributions\u003c/td\u003e\n\u003c/tr\u003e\n\u003c/tbody\u003e\n\u003c/table\u003e\u003c/div\u003e\n\u003cp\u003eThe OECD figure of 18.8% and Korea’s 2026 contribution rate are based on different years. In the same OECD statistics, Korea’s 2024 contribution rate is 9.5%. You should also check which pension systems are included in each country’s comparison. The figures appear in the OECD’s \u003ca href=\"https://www.oecd.org/content/dam/oecd/en/publications/reports/2025/11/pensions-at-a-glance-2025_76510fe4/e40274c1-en.pdf\"\u003ePensions at a Glance 2025\u003c/a\u003e.\u003c/p\u003e\n\u003cp\u003eYou should also avoid claiming that all actual income replacement rates are in the low 20% range. Without the population covered by the statistics and the income standard, it is difficult to apply the figure to an individual. Use your own estimated pension benefit when planning living expenses.\u003c/p\u003e\n\u003ch2\u003e\n\u003ca href=\"#comparing-pension-savings-and-irp\" class=\"anchor\" id=\"comparing-pension-savings-and-irp\"\u003e\u003c/a\u003eComparing pension savings and IRP\u003c/h2\u003e\n\u003cp\u003eIf you want to invest directly in ETFs, compare pension savings funds among the available pension savings products. Pension savings insurance has a different investment method and cost structure. Choosing a product based only on the shared name of pension savings may cause you to overlook these differences.\u003c/p\u003e\n\u003cdiv class=\"overflow-x-auto\"\u003e\u003ctable\u003e\n\u003cthead\u003e\n\u003ctr\u003e\n\u003cth\u003eComparison item\u003c/th\u003e\n\u003cth\u003ePension savings fund\u003c/th\u003e\n\u003cth\u003eIRP\u003c/th\u003e\n\u003c/tr\u003e\n\u003c/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd data-label=\"Comparison item\"\u003eBasic tax credit eligible limit\u003c/td\u003e\n\u003ctd data-label=\"Pension savings fund\"\u003e6 million won per year\u003c/td\u003e\n\u003ctd data-label=\"IRP\"\u003e9 million won per year, including pension savings\u003c/td\u003e\n\u003c/tr\u003e\n\u003ctr\u003e\n\u003ctd data-label=\"Comparison item\"\u003eAllocation to equity products\u003c/td\u003e\n\u003ctd data-label=\"Pension savings fund\"\u003eUp to 100% can be allocated to eligible equity funds and ETFs\u003c/td\u003e\n\u003ctd data-label=\"IRP\"\u003eAs a rule, risk assets may account for at most 70% of the balance\u003c/td\u003e\n\u003c/tr\u003e\n\u003ctr\u003e\n\u003ctd data-label=\"Comparison item\"\u003ePartial early withdrawal\u003c/td\u003e\n\u003ctd data-label=\"Pension savings fund\"\u003eAllowed, but taxation depends on the source of the withdrawal\u003c/td\u003e\n\u003ctd data-label=\"IRP\"\u003eLimited to reasons specified by law\u003c/td\u003e\n\u003c/tr\u003e\n\u003ctr\u003e\n\u003ctd data-label=\"Comparison item\"\u003eCosts to check\u003c/td\u003e\n\u003ctd data-label=\"Pension savings fund\"\u003eFund and ETF management fees and transaction-related costs\u003c/td\u003e\n\u003ctd data-label=\"IRP\"\u003eAccount management fees and product costs\u003c/td\u003e\n\u003c/tr\u003e\n\u003ctr\u003e\n\u003ctd data-label=\"Comparison item\"\u003eEligibility\u003c/td\u003e\n\u003ctd data-label=\"Pension savings fund\"\u003eAvailable even without income\u003c/td\u003e\n\u003ctd data-label=\"IRP\"\u003eCheck whether you are legally eligible, such as an employee or self-employed person\u003c/td\u003e\n\u003c/tr\u003e\n\u003c/tbody\u003e\n\u003c/table\u003e\u003c/div\u003e\n\u003cp\u003eAn IRP has exceptions to the investment limit for products that meet certain requirements. Check the permitted allocation for each product with the financial institution. The comparison of the systems refers to the table in the \u003ca href=\"https://institute.nps.or.kr/fileDown.do?atchFileId=FL26001982\u0026amp;atchFileSn=1\"\u003eNational Pension Research Institute’s Pension Forum, Spring 2026 issue\u003c/a\u003e.\u003c/p\u003e\n\u003cp\u003eFilling the pension savings limit first is one option. This is because partial withdrawals and investment allocation are relatively flexible. However, the ability to invest the full amount in equity products does not mean that this is the recommended allocation.\u003c/p\u003e\n\u003ch2\u003e\n\u003ca href=\"#contribution-amounts-by-situation\" class=\"anchor\" id=\"contribution-amounts-by-situation\"\u003e\u003c/a\u003eContribution amounts by situation\u003c/h2\u003e\n\u003cp\u003eIf you contribute 500,000 won per month, your annual contribution is 6 million won. Contributing the full amount to pension savings alone still matches the basic tax credit eligible limit. You do not have to split contributions between two accounts from the beginning to receive the credit.\u003c/p\u003e\n\u003cdiv class=\"overflow-x-auto\"\u003e\u003ctable\u003e\n\u003cthead\u003e\n\u003ctr\u003e\n\u003cth\u003eSavings capacity\u003c/th\u003e\n\u003cth\u003eExample contribution structure\u003c/th\u003e\n\u003cth\u003eAnnual personal contribution\u003c/th\u003e\n\u003c/tr\u003e\n\u003c/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd data-label=\"Savings capacity\"\u003eLess than 500,000 won per month\u003c/td\u003e\n\u003ctd data-label=\"Example contribution structure\"\u003eConsider starting pension savings with an amount you can maintain\u003c/td\u003e\n\u003ctd data-label=\"Annual personal contribution\"\u003eActual monthly contribution × number of months contributed\u003c/td\u003e\n\u003c/tr\u003e\n\u003ctr\u003e\n\u003ctd data-label=\"Savings capacity\"\u003e500,000 won per month\u003c/td\u003e\n\u003ctd data-label=\"Example contribution structure\"\u003e500,000 won per month to pension savings\u003c/td\u003e\n\u003ctd data-label=\"Annual personal contribution\"\u003e6 million won\u003c/td\u003e\n\u003c/tr\u003e\n\u003ctr\u003e\n\u003ctd data-label=\"Savings capacity\"\u003e750,000 won per month\u003c/td\u003e\n\u003ctd data-label=\"Example contribution structure\"\u003e500,000 won per month to pension savings + 250,000 won per month to IRP\u003c/td\u003e\n\u003ctd data-label=\"Annual personal contribution\"\u003e9 million won\u003c/td\u003e\n\u003c/tr\u003e\n\u003ctr\u003e\n\u003ctd data-label=\"Savings capacity\"\u003eIrregular income\u003c/td\u003e\n\u003ctd data-label=\"Example contribution structure\"\u003eAdd available funds to a small regular contribution\u003c/td\u003e\n\u003ctd data-label=\"Annual personal contribution\"\u003eActual contribution for the year\u003c/td\u003e\n\u003c/tr\u003e\n\u003c/tbody\u003e\n\u003c/table\u003e\u003c/div\u003e\n\u003cp\u003eA contribution of 6 million won to pension savings and 3 million won to an IRP totals 9 million won per year. To contribute this in equal monthly amounts, you need 750,000 won per month. A plan of 500,000 won per month does not automatically include 3 million won for an IRP.\u003c/p\u003e\n\u003cp\u003eThe basic tax credit eligible limit is 9 million won. The general personal contribution limit is 18 million won per year across all pension accounts. Separate rules should be checked for matters such as transferring ISA maturity proceeds.\u003c/p\u003e\n\u003ch2\u003e\n\u003ca href=\"#how-much-can-you-receive-as-a-tax-credit\" class=\"anchor\" id=\"how-much-can-you-receive-as-a-tax-credit\"\u003e\u003c/a\u003eHow much can you receive as a tax credit?\u003c/h2\u003e\n\u003cp\u003eThe tax credit amount depends on eligible contributions and your income bracket. A tax credit deducts a certain amount from the tax you owe. The amounts below include the effect of local income tax.\u003c/p\u003e\n\u003cdiv class=\"overflow-x-auto\"\u003e\u003ctable\u003e\n\u003cthead\u003e\n\u003ctr\u003e\n\u003cth\u003eIncome condition for the relevant tax year\u003c/th\u003e\n\u003cth\u003eCredit effect including local income tax\u003c/th\u003e\n\u003cth\u003eContribution of 6 million won\u003c/th\u003e\n\u003cth\u003eContribution of 9 million won\u003c/th\u003e\n\u003c/tr\u003e\n\u003c/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd data-label=\"Income condition for the relevant tax year\"\u003eEmployment income only and total salary of at most 55 million won\u003c/td\u003e\n\u003ctd data-label=\"Credit effect including local income tax\"\u003e16.5%\u003c/td\u003e\n\u003ctd data-label=\"Contribution of 6 million won\"\u003e990,000 won\u003c/td\u003e\n\u003ctd data-label=\"Contribution of 9 million won\"\u003e1,485,000 won\u003c/td\u003e\n\u003c/tr\u003e\n\u003ctr\u003e\n\u003ctd data-label=\"Income condition for the relevant tax year\"\u003eEmployment income only and total salary of more than 55 million won\u003c/td\u003e\n\u003ctd data-label=\"Credit effect including local income tax\"\u003e13.2%\u003c/td\u003e\n\u003ctd data-label=\"Contribution of 6 million won\"\u003e792,000 won\u003c/td\u003e\n\u003ctd data-label=\"Contribution of 9 million won\"\u003e1,188,000 won\u003c/td\u003e\n\u003c/tr\u003e\n\u003ctr\u003e\n\u003ctd data-label=\"Income condition for the relevant tax year\"\u003eIn other cases, aggregate income of at most 45 million won\u003c/td\u003e\n\u003ctd data-label=\"Credit effect including local income tax\"\u003e16.5%\u003c/td\u003e\n\u003ctd data-label=\"Contribution of 6 million won\"\u003e990,000 won\u003c/td\u003e\n\u003ctd data-label=\"Contribution of 9 million won\"\u003e1,485,000 won\u003c/td\u003e\n\u003c/tr\u003e\n\u003ctr\u003e\n\u003ctd data-label=\"Income condition for the relevant tax year\"\u003eIn other cases, aggregate income of more than 45 million won\u003c/td\u003e\n\u003ctd data-label=\"Credit effect including local income tax\"\u003e13.2%\u003c/td\u003e\n\u003ctd data-label=\"Contribution of 6 million won\"\u003e792,000 won\u003c/td\u003e\n\u003ctd data-label=\"Contribution of 9 million won\"\u003e1,188,000 won\u003c/td\u003e\n\u003c/tr\u003e\n\u003c/tbody\u003e\n\u003c/table\u003e\u003c/div\u003e\n\u003cp\u003eUnder the Income Tax Act, the tax credit rates are 15% and 12%, respectively. Total salary is different from the take-home pay deposited into your bank account. A business owner’s aggregate income must also be distinguished from revenue. The income conditions and limits are set out in \u003ca href=\"https://www.law.go.kr/lsLinkCommonInfo.do?chrClsCd=010202\u0026amp;lsJoLnkSeq=1032880515\"\u003eArticle 59-3 of the Income Tax Act\u003c/a\u003e.\u003c/p\u003e\n\u003cp\u003eYou should not assume that the amounts in the table will be refunded in full. If your tax liability is insufficient, you may not receive the full calculated credit. The actual refund is determined after accounting for taxes already paid and other deductions and credits.\u003c/p\u003e\n\u003ch2\u003e\n\u003ca href=\"#calculation-example-contributing-500000-won-per-month-for-30-years\" class=\"anchor\" id=\"calculation-example-contributing-500000-won-per-month-for-30-years\"\u003e\u003c/a\u003eCalculation example: Contributing 500,000 won per month for 30 years\u003c/h2\u003e\n\u003cp\u003eThe accumulated amount varies depending on how an annual return of 7% is converted into a monthly return. Assume that 500,000 won is contributed at the end of each month for 30 years. Total principal contributions are 180 million won. Taxes and costs are excluded from the calculation.\u003c/p\u003e\n\u003cdiv class=\"overflow-x-auto\"\u003e\u003ctable\u003e\n\u003cthead\u003e\n\u003ctr\u003e\n\u003cth\u003eCalculation method\u003c/th\u003e\n\u003cth\u003eMonthly return used\u003c/th\u003e\n\u003cth\u003eCalculated balance after 30 years\u003c/th\u003e\n\u003c/tr\u003e\n\u003c/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd data-label=\"Calculation method\"\u003eWhen the annual compounded return is exactly 7%\u003c/td\u003e\n\u003ctd data-label=\"Monthly return used\"\u003e1.07^(1/12) - 1\u003c/td\u003e\n\u003ctd data-label=\"Calculated balance after 30 years\"\u003e584,726,302 won\u003c/td\u003e\n\u003c/tr\u003e\n\u003ctr\u003e\n\u003ctd data-label=\"Calculation method\"\u003eWhen 7% per year is divided by 12 and compounded monthly\u003c/td\u003e\n\u003ctd data-label=\"Monthly return used\"\u003e0.07 ÷ 12\u003c/td\u003e\n\u003ctd data-label=\"Calculated balance after 30 years\"\u003e609,985,498 won\u003c/td\u003e\n\u003c/tr\u003e\n\u003c/tbody\u003e\n\u003c/table\u003e\u003c/div\u003e\n\u003cp\u003eThe balances are rounded to the nearest won. The formula is \u003ccode\u003e500,000 × ((1+r)^360 - 1) ÷ r\u003c/code\u003e. Here, \u003ccode\u003er\u003c/code\u003e is the monthly return.\u003c/p\u003e\n\u003cp\u003eThe effective annual compounded return under the second method is approximately 7.229%. Therefore, the two calculations do not assume the same annual rate of return. If presenting a calculated result of at least 600 million won, this difference must be disclosed.\u003c/p\u003e\n\u003cp\u003eAn annual return of 7% is a calculation assumption, not a guaranteed return. In actual investing, monthly returns vary. There may also be periods of losses. This accumulated balance cannot be reproduced using only a simple average return.\u003c/p\u003e\n\u003cp\u003eThe calculation does not include reinvestment of tax credit refunds. Investment costs and taxes upon withdrawal must also be accounted for separately. As prices rise, the amount that can be purchased with the same balance decreases.\u003c/p\u003e\n\u003ch2\u003e\n\u003ca href=\"#common-mistakes-confusing-deposits-investments-and-withdrawals\" class=\"anchor\" id=\"common-mistakes-confusing-deposits-investments-and-withdrawals\"\u003e\u003c/a\u003eCommon mistakes: Confusing deposits, investments, and withdrawals\u003c/h2\u003e\n\u003cp\u003ePutting money into a pension account and holding investment products are separate matters. A self-directed account may require you to place purchase orders. Check both your automatic transfer history and product holdings.\u003c/p\u003e\n\u003cul\u003e\n\u003cli\u003e\n\u003cstrong\u003eMaking deposits but overlooking investment management:\u003c/strong\u003e Check whether the money remains in cash or cash-equivalent assets.\u003c/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eSimply increasing the number of ETFs:\u003c/strong\u003e Check whether the same stocks and sectors overlap.\u003c/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eAssuming bond products cannot lose money:\u003c/strong\u003e Bond funds and ETFs can also decline in price.\u003c/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eAssuming that partial withdrawals are tax-free because they are allowed:\u003c/strong\u003e Check the taxation of each source of withdrawn funds.\u003c/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eIncreasing living expense loans to avoid closing the account:\u003c/strong\u003e Consider adjusting your contribution amount first.\u003c/li\u003e\n\u003c/ul\u003e\n\u003cp\u003eOrdinary early withdrawals from pension savings may be taxed. Taxable amounts include principal for which a tax credit was received and investment returns. The general other income tax rate is 16.5%, including local income tax. Exceptions apply to unavoidable withdrawals under tax law, so check the \u003ca href=\"https://www.fsc.go.kr/po010105/87144\"\u003eFinancial Services Commission guidance\u003c/a\u003e.\u003c/p\u003e\n\u003cp\u003eTo reduce early withdrawals, keep emergency funds outside your pension accounts. It is also better to separate money you will need soon, such as housing funds. A structure that allows you to continue making contributions is the foundation of long-term investing.\u003c/p\u003e\n\u003ch2\u003e\n\u003ca href=\"#how-to-turn-accumulated-savings-into-living-expenses-in-your-70s\" class=\"anchor\" id=\"how-to-turn-accumulated-savings-into-living-expenses-in-your-70s\"\u003e\u003c/a\u003eHow to turn accumulated savings into living expenses in your 70s\u003c/h2\u003e\n\u003cp\u003eAfter retirement, calculate the monthly shortfall in living expenses before focusing on total assets. Even with accumulated savings, an appropriate amount of living expenses is not paid automatically. You must determine when to receive each pension and the conditions for withdrawals.\u003c/p\u003e\n\u003col\u003e\n\u003cli\u003e\n\u003cstrong\u003eWrite down your expected monthly living expenses.\u003c/strong\u003e Separate ongoing necessary expenses such as housing and medical costs.\u003c/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eAdd up the pension benefits you will receive at the same time.\u003c/strong\u003e Check the estimated benefits from the National Pension and retirement pensions.\u003c/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eCalculate the monthly shortfall.\u003c/strong\u003e Subtract after-tax pension benefits from expected living expenses.\u003c/li\u003e\n\u003cli\u003e\n\u003cstrong\u003ePlan private pension withdrawals to cover the shortfall.\u003c/strong\u003e Check withdrawal requirements and taxes with the financial institution.\u003c/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eAdjust for market conditions and changes in spending.\u003c/strong\u003e Review the price volatility risk of money you will withdraw soon.\u003c/li\u003e\n\u003c/ol\u003e\n\u003cp\u003eLiving expenses and estimated pension benefits should be compared using the same inflation basis. Directly subtracting future nominal pension benefits from current living expenses distorts the difference. If losses immediately after retirement coincide with withdrawals, it may be difficult for the remaining assets to recover. For this reason, your plan should connect the accumulation stage with the timing of withdrawals.\u003c/p\u003e\n","tags":["Diversification","Asset allocation","National Pension","Everyday Finance","Long-term investment","Tax credit"],"faqs":[{"question":"Can I still prepare for retirement if I contribute less than 500,000 won per month?","answer":"Yes. The monthly contribution of 500,000 won is an example, not a required amount. Start by setting an amount you can sustain, taking living expenses and emergency funds into account."},{"question":"Do I have to split the monthly contribution of 500,000 won between pension savings and an IRP?","answer":"You do not have to split it. Contributing 500,000 won per month to pension savings amounts to 6 million won per year. This is the basic pension savings contribution limit eligible for the tax credit."},{"question":"How much do I need each month to contribute 6 million won to pension savings and 3 million won to an IRP?","answer":"If you contribute the same amount each month, you need a total of 750,000 won per month. You can contribute 500,000 won per month to pension savings and 250,000 won per month to an IRP."},{"question":"Is the 9 million won tax credit limit the contribution limit for pension accounts?","answer":"The 9 million won amount is the basic combined contribution limit eligible for tax credits for pension savings, IRPs, and similar accounts. The standard limit on your own contributions is a total of 18 million won per year across all pension accounts. Separate rules apply to cases such as transferring ISA maturity proceeds."},{"question":"If I put 6 million won into a pension account, will I get 990,000 won back?","answer":"For that income bracket, the calculated tax credit benefit, including local income tax, is 990,000 won. However, you must have enough tax liability to receive the full benefit. The actual refund depends on taxes already paid and other deductions."},{"question":"If I contribute 500,000 won per month for 30 years, is 600 million won guaranteed?","answer":"No. If an annual rate of 7% is divided by 12 and compounded monthly, the amount is approximately 609.99 million won. If the annual compounded rate of return is set to exactly 7%, the amount is approximately 584.73 million won. Both are hypothetical figures that exclude taxes and costs."},{"question":"Can I invest the entire amount in equity ETFs through pension savings?","answer":"In a pension savings fund, you can allocate 100% to eligible equity ETFs. However, the percentage you are allowed to allocate and the percentage suitable for you are not the same. As a rule, an IRP can hold at most 70% in risky assets."},{"question":"What taxes apply if I make an early withdrawal from pension savings?","answer":"For a typical early withdrawal, the contributed principal for which you received tax credits and the investment earnings are taxable. The tax rate on other income is 16.5%, including local income tax. Exceptions such as unavoidable withdrawals under tax law must be checked separately."},{"question":"Does the National Pension income replacement rate of 43% mean 43% of my final monthly salary?","answer":"It is not a rate applied directly to your final monthly salary. It is an indicator based on the assumption that you are enrolled for 40 years at the average income level. The actual pension amount depends on how long you were enrolled and your income history."},{"question":"If I set up an automatic transfer to the account, will ETFs also be bought automatically?","answer":"An automatic transfer alone does not necessarily complete an ETF purchase. Check the financial institution's automatic purchase feature and its settings. Review both the deposit history and the product holdings."},{"question":"Can I combine retirement benefits received through an IRP with my personal savings?","answer":"You can include them in your total retirement assets. However, if you have already included them in your projected retirement pension amount, be careful not to double-count them. Record the retirement benefits and your own additional contributions within the IRP separately."},{"question":"How do I determine how much to withdraw each month after retirement?","answer":"Subtract the after-tax amounts you will receive from the National Pension and retirement pension from your estimated living expenses. Then plan your private pension withdrawals based on the shortfall. Make sure the living expenses and pension amounts you compare are based on the same price level."}],"sources":[{"url":"https://www.nps.or.kr/pnsinfo/ntpsklg/getOHAF0104M0.do","title":"National Pension Service Pension Reform Q\u0026A: Contribution Rate, Income Replacement Rate, and Implementation Date","type":"source"},{"url":"https://www.nps.or.kr/pnsinfo/ntpsklg/getOHAF0110P0.do","title":"National Pension Service Explanation of National Pension Terms: Basic Pension Amount and Income Replacement Rate","type":"source"},{"url":"https://www.moel.go.kr/retirementpay.do","title":"Ministry of Employment and Labor Guide to the Retirement Pension System","type":"source"},{"url":"https://www.law.go.kr/lsLinkCommonInfo.do?chrClsCd=010202\u0026lsJoLnkSeq=1032880515","title":"National Law Information Center, Article 59-3 of the Income Tax Act: Tax Credit for Pension Accounts","type":"source"},{"url":"https://law.go.kr/lsInfoP.do?ancYnChk=0\u0026lsId=001565","title":"National Law Information Center, Income Tax Act: Pension Account Deduction and Tax Credit Limit","type":"source"},{"url":"https://institute.nps.or.kr/fileDown.do?atchFileId=FL26001982\u0026atchFileSn=1","title":"National Pension Research Institute Pension Forum, Spring 2026 Issue: Evaluation of Personal Pensions and Development Plans","type":"source"},{"url":"https://www.fsc.go.kr/po010105/87144","title":"Financial Services Commission, 2025 White Paper on Pension Savings Investment in Korea and Points to Note When Enrolling, June 18, 2026","type":"source"},{"url":"https://www.oecd.org/content/dam/oecd/en/publications/reports/2025/11/pensions-at-a-glance-2025_76510fe4/e40274c1-en.pdf","title":"OECD Pensions at a Glance 2025: Mandatory Pension Contributions, Based on 2024","type":"data_point"}],"images":[{"id":1400,"url":"https://injoys.com/rails/active_storage/blobs/proxy/eyJfcmFpbHMiOnsiZGF0YSI6MjAxNzEsInB1ciI6ImJsb2JfaWQifX0=--4e4911101db479b063b3d792beba04bd7244b36f/ai-012190c0.webp","is_representative":true,"generation_method":"ai_photo","license":"ai_generated","mime_type":"image/webp","width":1536,"height":1024,"translations":{"ko":{"alt":"주방 식탁에서 재무 차트를 검토하며 메모하는 중년 여성","caption":"한 여성이 재무 자료와 스마트폰을 살펴보며 노후 자금 계획을 세우고 있다.","description":null},"en":{"alt":"Middle-aged woman reviewing financial charts and taking notes at a kitchen table","caption":"A woman reviews financial documents and her smartphone while planning for retirement.","description":null},"ja":{"alt":"キッチンのテーブルで財務グラフを確認しながらメモを取る中年女性","caption":"女性が資料とスマートフォンを確認しながら老後資金の計画を立てている。","description":null},"es":{"alt":"Mujer de mediana edad revisando gráficos financieros y tomando notas en la cocina","caption":"Una mujer revisa documentos financieros y su teléfono mientras planifica su jubilación.","description":null},"id":{"alt":"Perempuan paruh baya meninjau grafik keuangan dan mencatat di meja dapur","caption":"Seorang perempuan memeriksa dokumen keuangan dan ponselnya sambil merencanakan dana pensiun.","description":null},"pt":{"alt":"Mulher de meia-idade analisando gráficos financeiros e fazendo anotações na cozinha","caption":"Uma mulher consulta documentos financeiros e o celular enquanto planeja a aposentadoria.","description":null},"zh-hant":{"alt":"中年女子在廚房餐桌前查看財務圖表並做筆記","caption":"女子查看財務資料與手機，規劃自己的退休資金。","description":null},"de":{"alt":"Frau mittleren Alters prüft Finanzdiagramme und macht Notizen am Küchentisch","caption":"Eine Frau prüft Finanzunterlagen und ihr Smartphone, während sie ihre Altersvorsorge plant.","description":null}}},{"id":1401,"url":"https://injoys.com/rails/active_storage/blobs/proxy/eyJfcmFpbHMiOnsiZGF0YSI6MjAxNzcsInB1ciI6ImJsb2JfaWQifX0=--0b7e6007daa2a080badf95f3b1ea5aa94e9bc4cd/ai-62e04608.webp","is_representative":false,"generation_method":"ai_semi","license":"ai_generated","mime_type":"image/webp","width":1536,"height":1024,"translations":{"ko":{"alt":"재무 자료와 저축 통을 앞에 두고 스마트폰을 확인하는 남성","caption":"한 남성이 재무 차트와 스마트폰을 살펴보며 노후 저축 계획을 세우고 있다.","description":null},"en":{"alt":"Man checking a smartphone beside financial charts and savings jars","caption":"A man reviews financial charts and his smartphone while planning retirement savings.","description":null},"ja":{"alt":"家計資料と貯蓄用の容器を前にスマートフォンを確認する男性","caption":"男性が資料とスマートフォンを見ながら老後の貯蓄計画を立てている。","description":null},"es":{"alt":"Hombre consultando un móvil junto a gráficos financieros y tarros de ahorro","caption":"Un hombre revisa sus finanzas para planificar el ahorro para la jubilación.","description":null},"id":{"alt":"Pria memeriksa ponsel di samping grafik keuangan dan wadah tabungan","caption":"Seorang pria meninjau keuangan untuk merencanakan tabungan pensiun.","description":null},"pt":{"alt":"Homem consulta o celular ao lado de gráficos financeiros e potes de poupança","caption":"Um homem analisa as finanças para planejar a poupança para a aposentadoria.","description":null},"zh-hant":{"alt":"男子在財務圖表與儲蓄罐旁查看手機","caption":"男子查看財務資料與手機，規劃退休儲蓄。","description":null},"de":{"alt":"Mann prüft sein Smartphone neben Finanzdiagrammen und Spardosen","caption":"Ein Mann prüft seine Finanzen und plant seine Altersvorsorge.","description":null}}}],"published_at":"2026-09-19T22:53:53+09:00","updated_at":"2026-09-19T22:53:53+09:00","license":"cc_by","translation_status":"reviewed","available_locales":["ko","en","ja","es"],"data_locales":["ko","en","ja","es","id","pt","zh-hant","de"],"url":"https://injoys.com/en/articles/retirement-planning-monthly-500000-won-pension-savings-irp"}