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Pension Savings & IRP Tax Credit Calculator

Estimate your year-end tax refund from pension savings and IRP contributions

💡 Pension Savings & IRP Tax Credit Tips

  • Annual salary ≤ 55 million KRW: 16.5% credit rate / Above: 13.2%
  • Credit limit: pension savings up to 6 million KRW + combined with IRP up to 9 million KRW (since 2023)
  • IRP-only contributions can receive up to 9 million KRW in credit
  • Early withdrawal from pension savings triggers 16.5% other income tax — maintain long-term

Frequently Asked Questions

Are the limits combined when I have both pension savings and IRP?

Yes. Pension savings (연금저축) up to 6 million KRW and combined with IRP up to 9 million KRW total can receive a tax credit. IRP alone can also receive up to 9 million KRW.

What credit rate applies at exactly 55 million KRW salary?

At or below 55 million KRW the 16.5% rate applies. Exactly 55 million KRW falls within the 16.5% bracket.

Is my data stored or sent to any server?

No. All calculations are performed entirely within your browser and no input data is transmitted to any server. Your information is completely safe.