노후보장 저축제도의 과세제도 개선방안

Abstract

This study suggests how to revise taxation on incomes from similar pensions to make the taxation coincide with economic substances and to give pension-equivalent tax benefits to those incomes for promoting accumulation of wealth for old age security. First, small business mutual-aids accounts should be regarded as the pension account, and taxation on pension income should be analogously adopted for incomes from the accounts. Specifically, payments for the accounts should be objects of tax credit, and receipts from the accounts should be classified as either pension income or other income depending on adoption of tax credit in the payment stage. Second, considering the nature of lump sum payment for retirement, in terms of taxation, total repayments, not excess repayments, from workplace mutual-aid accounts should be regarded as retirement income while payment for the accounts should be objects of tax credit. Although tax treatment applied to small business mutual-aid accounts should be similarly adopted here, split received repayments should be exceptionally classified as pension income. Last, considering the nature of long-term saving for old age security, tax treatment applied above should also be adopted to saving insurance. Specifically, as receipts from the lifelong pension insurance contract after February 15, 2015 typically have the characteristic of pension, those receipts should be regarded as pension income with receipts from different contracts regarded as other income. However, in case receipts from different contracts were split repaid, not in a lump sum, those receipts should be treated as pension income. Tax credit in the payment stage should also be adopted similarly here.