winpieTaiwan-focused

Labor Insurance + Labor PensionTW-specific

Taiwan employees (including foreign nationals with work permits) are covered by two parallel mandatory pension schemes. This tool estimates the combined monthly benefit at retirement, including the optional 0–6% self-contribution tax benefit.

Inputs

Above the Labor Insurance (勞保) insured-salary cap of NT$45,800; the calculation uses the cap.

Check your actual years of service via the Bureau of Labor Insurance e-Service portal.

Self-contributions are deductible from salary income (tax-free up to the cap).

Results
Total monthly income in retirement
NT$45,144 / month
Labor Insurance NT$28,396 + Labor Pension NT$16,748
Total years of service at retirement
40 years
Salary at retirement (estimated)
NT$99,994

Labor Insurance old-age pension (勞保老年年金)

Average insured monthly salaryNT$45,800
Formula A: salary x years x 0.775% + 3,000NT$17,198
Formula B: salary x years x 1.55%NT$28,396
Monthly pension (higher of the two)NT$28,396

Labor Pension (勞退新制, individual account)

Employer contribution (avg/month)NT$4,324
Self-contribution (avg/month)NT$0
Account balance at retirementNT$3.02M
Monthly annuity (estimated)NT$16,748

Based on 2024 Bureau of Labor Insurance caps and formulas (Labor Insurance insured-salary cap NT$45,800; Labor Pension contribution-wage cap NT$150,000). The monthly Labor Pension annuity uses a simplified 20-year annuitization. Actual amounts are determined by the Bureau; caps and formulas may be revised annually.

Formula references (2024)

  • Labor Insurance: monthly pension = higher of A (0.775% × years + NT$3,000) or B (1.55% × years), with insured salary capped at NT$45,800
  • Labor Pension: employer mandatory 6%, employee optional 0–6% (tax deductible); accumulated in individual account; annuitized at retirement if 15+ years service
  • Eligibility: 15+ years for monthly pension under both schemes

See the Labor Pension article for background.

Related tools

All tools →