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  • Rhetorical
  • Waygookin

    • 17

    • May 13, 2011, 04:00:59 am
    • Incheon, Korea
South Africa Pension Exemption
« on: May 25, 2011, 06:16:09 pm »
To all the saffas out there, has anyone heard about this before and any ideas how we can implement this?

"It should be noted that South Africans are completely exempted from paying any pension at all. Because of the fact that Koreans are not forced to pay any pension in South Africa. Dual agreement. There are a lot of countries in Africa which are not required to pay pension, but South Africa is one of the few countries whose citizens are employed in Korea. Make sure that if you are a South African that you are not paying the pension. It is very difficult to get the money back after you paid it in... and it amounts to a lot of money you will lose, if you don't make a point of sorting this out." - http://wiki.galbijim.com/Korean_pension_plan


  • strawberry
  • Expert Waygook

    • 533

    • February 17, 2011, 10:08:30 am
    • Gyeongbuk, South Korea
    more
Re: South Africa Pension Exemption
« Reply #1 on: May 25, 2011, 08:09:45 pm »
hmmm what exactly is it you want to implement??   our schools don't register us for pension, cause we cant get it back... so we dont pay in the first place... or am i not understanding your question?


  • DMZ
  • Super Waygook

    • 407

    • December 16, 2010, 08:34:43 pm
    • Incheon
Re: South Africa Pension Exemption
« Reply #2 on: May 25, 2011, 08:33:31 pm »
I think he's asking how we can make sure that our schools don't deduct pension.

In short, you have to tell them. If they haven't had a South African teacher before they won't know this. Tell your co teacher to tell the admin lady. If they want to confirm it they can phone the pension office.


  • Mads
  • Adventurer

    • 47

    • December 01, 2010, 08:46:03 am
    • South Korea
Re: South Africa Pension Exemption
« Reply #3 on: May 25, 2011, 08:40:37 pm »
Yeah, when I was at my school's Admin Office to fill out relevant forms with my bank details etc and show them my Residency Certificate to be exempt from tax, I literally just said, "South Africans don't pay pension in Korea." They took my word for it  ;D  Well, I suppose they did, because they've only ever had American teachers before, and I certainly haven't been paying towards a pension fund. Saffa's being exempt is stated in the clause re pension on my contract though ...
« Last Edit: May 25, 2011, 08:42:44 pm by Mads »
Words are, of course, the most powerful drug used by mankind ~ Rudyard Kipling


  • omarples
  • Waygookin

    • 10

    • May 26, 2010, 03:00:16 pm
    • Incheon
Re: South Africa Pension Exemption
« Reply #4 on: May 25, 2011, 09:52:55 pm »
That's exactly what I wanted to know, thanx ladies :)


  • gookie
  • Super Waygook

    • 333

    • August 31, 2010, 12:03:12 pm
    • Daegu
Re: South Africa Pension Exemption
« Reply #5 on: May 25, 2011, 10:46:50 pm »
I'm Canadian and I'm actually happy that I'm paying the pension because when I leave, I will get double the money XD (I'm paying 50% from my paycheck and the DMOE pays the other 50% then I'll get back 100%)


  • Koenji
  • Super Waygook

    • 286

    • December 03, 2010, 02:43:17 pm
    • Seoul
Re: South Africa Pension Exemption
« Reply #6 on: May 25, 2011, 11:01:31 pm »
I'm Canadian and I'm actually happy that I'm paying the pension because when I leave, I will get double the money XD (I'm paying 50% from my paycheck and the DMOE pays the other 50% then I'll get back 100%)

It`s all right for some then! Us Brits/New Zealanders etc don`t see a penny of that back....unless we happen to retire here at 65.....wish our Government (UK) had an exemption agreement like the Saffas for this as basically we`re throwing away a 100k a month or whatever down the drain.


  • adlez
  • Veteran

    • 104

    • November 25, 2010, 10:24:15 am
    • Suwon
Re: South Africa Pension Exemption
« Reply #7 on: September 19, 2011, 05:22:20 pm »
My school insists that I have to pay pension.....I am South African.
I am with a public school and did not pay last year...moved to a new school 2months ago and now I am paying.


  • Rhetorical
  • Waygookin

    • 17

    • May 13, 2011, 04:00:59 am
    • Incheon, Korea
Re: South Africa Pension Exemption
« Reply #8 on: September 19, 2011, 09:07:10 pm »
adlez: Get in contact with your district liaison / representative, I'm sure they'll be able to sort it out. Just be sure to follow Korean procedure and discuss it with your head co-teacher first and notify him / her of your intentions.


  • adlez
  • Veteran

    • 104

    • November 25, 2010, 10:24:15 am
    • Suwon
Re: South Africa Pension Exemption
« Reply #9 on: September 20, 2011, 06:09:00 am »
Thanks,Rhetorical ... :)  I'll do it today!


  • hangook77
  • Hero of Waygookistan

    • 1713

    • September 14, 2017, 09:10:12 am
    • Near Busan
Re: South Africa Pension Exemption
« Reply #10 on: May 26, 2020, 07:52:48 pm »
Moral of the story, don't spend years here working if you are South African because you are not paying into any pension anywhere.  You will have no money when you are old.  Think ahead.  Maybe do 2 or 3 years and then go work in your own country so you pay into your pension there.  You spend 10 or 15 or 20 years of your life here, you will waste it with no pension.  (Some do.)  You will have nothing when you are old.  I feel bad for you as I think the other countries do get a pension when we are 65 from Korea if we are not paying into our own countries' pension.  Think ahead.