Summary of "연금저축 IRP 납입 방법 정리"

Overview

Concise summary of recommendations from the video “연금저축 IRP 납입 방법 정리” (presenter not named). Focus is on how to allocate annual contributions between pension savings (연금저축) and IRP to maximize tax-deduction benefits while preserving flexibility.

Assets / instruments mentioned

Pension savings (연금저축)
IRP (Individual Retirement Pension account)

Key numbers, limits and timelines

Recommended annual contribution targets:
- 6,000,000 KRW into pension savings (first priority)
- +3,000,000 KRW into IRP to reach the combined deductible limit
Combined tax-deduction (deduction) cap: 9,000,000 KRW per year (applies across pension savings + IRP)
Per-account contribution caps (implied): up to 9,000,000 KRW each for pension savings and IRP, so total possible contributions = 18,000,000 KRW/year (but tax benefit remains limited to 9,000,000 KRW)
Excess contributions above the 9,000,000 KRW deductible limit receive no tax benefit
Additional (non-deductible) amounts placed into pension savings are reportedly withdrawable at any time

Step-by-step methodology / recommended workflow

Put 6,000,000 KRW per year into pension savings (priority).
If you want to increase tax-advantaged contributions up to the combined cap, add 3,000,000 KRW into IRP (so total deductible = 9,000,000 KRW).
If contributing more than the 9,000,000 KRW tax-deduction limit, place the excess into pension savings rather than IRP.

Notes:

You can technically contribute up to 9,000,000 KRW into each account (pension and IRP), i.e., up to 18,000,000 KRW total annually, but only 9,000,000 KRW will qualify for the tax deduction.
The rationale presented: pension savings are preferred first for greater flexibility; use IRP only to fill remaining deductible room. Excess non-deductible money is recommended to go into pension savings because it can be withdrawn anytime.

Explicit recommendations and cautions

Recommendation: prioritize pension savings contributions (6,000,000 KRW) first, then use IRP to fill the remaining deductible room (3,000,000 KRW).
Caution: contributions above the combined 9,000,000 KRW deductible limit do not yield additional tax benefits.
Recommendation: put any additional non-deductible contributions into pension savings for withdrawal flexibility.