A refund of the shakai hoken (nenkin) or the pension contributions can only be requested when you leave Japan, even temporarily. You can claim back the money once you have left the country for at least 6-8 months. Once you leave Japan, you have a period of two years to claim back your pension fund.
How do I get my Japanese pension refund?
How to apply for a pension refund. The application process requires you to obtain an “Application for the Lump-sum Withdrawal Payments（National Pension / Employees Pension Insurance” form, fill in the details, then send it to the Japanese Pension Service. The money will be remitted into a specified account.
How much is the jet pension refund?
Tax Refund on Lump-sum Withdrawal Payment Those who are eligible to file for the Lump-sum Withdrawal Payment on the Employees Pension Insurance, which includes most JET participants, may also qualify to receive a refund on the 20% flat tax placed on the Lump-sum Withdrawal Payment.
How do I cancel my pension and get money back?
If you opt out within a month of your employer adding you to the scheme, youll get back any money youve already paid in. You may not be able to get your payments refunded if you opt out later - theyll usually stay in your pension until you retire. You can opt out by contacting your pension provider.
Does the JET Program pay well?
JET participants are hired on a yearly contract basis for up to five years, and will recieve a salary of approximately 3.36 million yen their first year. This increases to 3.6 million in the second year, 3.9 million in the third year, and 3.96 million for the fourth and fifth year.
What should I do after jet?
Inform your Landlord that you will be moving. Even if you do not know your exact day of departure yet, it is wise to inform your landlord as soon as possible that you plan to move. Check your status of Residence. Ship Belongings to your New Residence. Complete the After JET Contact Information Survey
Is it better to opt out of pension?
By leaving, youll miss out on extra free money paid into your pension pot by your employer and the government and its a great way to top up your retirement income.
Is the JET Program prestigious?
Having two students accepted to the JET program in a single year is a rare feat, and an achievement for Doane. Hetrick describes the JET program as “the Fulbright of Japan,” and that having students in it at all is highly prestigious.
Is the JET Program worth it?
The reason why JET is so great is that they help you with everything you need to move to Japan. They take care of your transportation, do most of the hard paperwork, and most importantly, they give you a visa. Compared with other similar teaching positions in Japan, JET has the best pay and the most benefits.