Basic Pension Calculator
Calculate recognized income to check basic pension eligibility and estimated amount.
예상 기초연금액: 월 334,810원
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Overview
The Basic Pension is a monthly pension paid to senior citizens aged 65 and older whose recognized income amount falls below the eligibility threshold. As of 2026, the threshold is KRW 2.13 million per month for single-person households and KRW 3.408 million for married couples. The maximum standard pension amount is KRW 334,800 per month. It is one of South Korea's key social security programs designed to ensure income stability and improve welfare for low-income seniors.
Formula
Recognized Income = Income Assessment + Converted Asset Income. Income Assessment = {0.7 × (Earned Income − KRW 1.1M)} + Other Income. Converted Asset Income = {(General Assets − Basic Asset Deduction) + (Financial Assets − KRW 20M) − Debts} × Conversion Rate (4%/year) ÷ 12. Basic Asset Deduction: KRW 135M (metropolitan), KRW 85M (mid-sized cities), KRW 72.5M (rural areas). Eligible if Recognized Income ≤ eligibility threshold.How to Use
- 1Select household type (single / married couple).
- 2Enter monthly earned income, business income, property income, and public transfer income.
- 3Enter asset details including real estate, financial assets, vehicles, and debts.
- 4Select your residential area (metropolitan / mid-sized city / rural area).
- 5Click 'Calculate' to see your recognized income and estimated Basic Pension amount.
Tips
- ✔The single-person eligibility threshold is KRW 2.13 million per month (2026 basis), adjusted annually for inflation.
- ✔If both spouses receive the Basic Pension, each person's pension is reduced by 20%.
- ✔The basic asset deduction varies by region (metropolitan, mid-sized city, rural), so choose the correct residential area.
- ✔If your National Pension amount exceeds 150% of the Basic Pension standard amount, your Basic Pension may be reduced.
FAQ
Q. Who is eligible for the Basic Pension?
South Korean citizens aged 65 or older residing in Korea whose recognized income is at or below the eligibility threshold (KRW 2.13M for singles, KRW 3.408M for couples). Recipients of government employee, private school, military, or special post office pensions and their spouses are generally excluded.
Q. Why is the pension reduced for married couples?
When both spouses receive the Basic Pension, each person's standard pension amount is reduced by 20%. This reflects the lower per-person living costs for couple households compared to single-person households. The combined couple amount still exceeds a single person's pension.
Q. What is the income reversal prevention reduction?
This mechanism reduces the Basic Pension so that the sum of recognized income and the pension does not exceed the eligibility threshold. It ensures fairness between those who just barely qualify and those who just miss the cutoff.
Q. How are assets converted to income?
General assets (real estate, etc.) minus the basic asset deduction, plus financial assets minus KRW 20 million, minus debts. This amount is multiplied by a 4% annual conversion rate and divided by 12 to get the monthly converted amount. Luxury vehicles (3,000 cc+ or KRW 40M+) are fully converted to income.
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