6. My employer contributes 6% of my labor pension for me each month. I also want to contribute voluntarily. How much is the contribution rate? How do I apply for voluntary contribution? How do I pay for voluntary contributions? What is the benefit of voluntary pension contribution?
- You can contribute a maximum of 6% of the contribution depending on your financial status. For example, if you are experiencing financial difficulties this year, you could first contribute 3% or even 1%. When you are more financially capable, you could increase your contribution to 5% or 6%, which is the maximum limit for voluntary pension contribution.
- You could inform your employer of your intention to voluntarily contribute to your pension. After your employer completes the Labor Pension Contribution Application Form and submits it to the Bureau of Labor Insurance, your employer can pay the Bureau of Labor Insurance for you by deducting it from your monthly salary.
- Alternatively, the amount of your voluntary pension contribution can be deducted from your total consolidated personal income for that year.