Basic Pension Eligibility Calculator

Estimate Korea-related basic pension eligibility pressure from income, assets, benefit, and policy assumptions.

Basic pension eligibility and benefit estimate

Calculate Korean basic pension eligibility from income recognition amount, property conversion, household type, and 2026 selection criteria.

Eligibility

Eligible

전액 수급 가능

Monthly benefit

₩349,700

Per person ₩349,700

Income recognition amount

₩888,000

Criteria ₩2,470,000

Selection margin

₩1,582,000

Property conversion

₩150,000

Annual benefit

₩4,196,400

Preserves the Korean 2026 basic pension thresholds, benefit amount, earned-income deduction, property deductions, and couple reduction logic. This English finance calculator calls the same Korean pure calculation module as the Korean page. KRW and Korean statutory thresholds are preserved instead of the old generic percentage stub.

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Basic pension eligibility guide

This English guide translates the Korean basic pension eligibility calculator. The calculator calls calcBasicPension and keeps the 2026 income-recognition, property-conversion, household threshold, and benefit-reduction logic.

2026 selection criteria and base pension

For 2026, the Korean model uses KRW 2,470,000 as the single-household selection criterion and KRW 3,952,000 as the couple-household criterion. If recognized income exceeds the relevant threshold, the page marks the household as ineligible.

The base pension amount is KRW 349,700 before reductions. A couple where both spouses receive the benefit can face a 20% couple reduction, and the result also applies the income-reversal prevention reduction so a household just under the threshold does not receive an unrealistic full amount.

Income evaluation and property conversion

Earned income is not fully counted. The Korean formula subtracts a KRW 1,160,000 earned-income deduction and then reflects 70% of the remaining earned income. Business, public pension, and other monthly income are then added to the income evaluation amount.

For property, the calculator subtracts the regional basic property deduction: KRW 135 million in metro areas, KRW 85 million in small and medium cities, and KRW 72.5 million in rural areas. It also subtracts the KRW 20 million financial-property deduction and converts net property using the 4% annual property conversion rate divided by 12.

Free-rent income and NPS linkage note

The Korean article includes the free-rent housing rule for living in a child-owned high-value home. If the assessed housing value reaches the free-rent threshold, the model applies the 0.78% annual free-rent income rate and converts it into monthly recognized income.

The page also flags the KRW 524,550 NPS linkage notice threshold. That threshold does not by itself deny basic pension eligibility, but it is important because National Pension income can change the final payable amount for some seniors.