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 Establishment of individual retirement pension plan
Establishment of individual retirement pension plan
What is an individual retirement pension plan?
- Any worker, who has an individual retirement pension plan may save the severance pay received at the time of his/her retirement or change of job in his/her individual retirement accounts, and receive tax benefit from it. He/she may also use the severance pay as financial resources for the life after retirement, such as a pension.
Establishment of individual retirement pension plan
- Any person, who has received lump-sum benefits under a retirement benefit scheme or needs to a stable source of old-age income, may set up an individual retirement pension plan(Article 24.(2) of the 「Guarantee of Workers' Retirement Benefits Act」).