Monday, April 25, 2011

Tax and other deductions

It seems that South Africans do not get a refund on the pension paid here in Korea once we leave. Besides paying for other living costs such as gas, electricity, and water, your school will also deduct various things from your salary.

An example of deductions on your pay cheque:
Health - 75,140 won
Pension - 110, 000 won
Tax - 45,000 won
School lunches - 62,000 won
Housing Maintenance - 65,000 won.

these deductions will vary from person to person, but the above give you a rough idea what to expect. At least 200,000 to 300,000 won will be deducted from your salary every month.

Paying SARS from Korea:

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