How to check the amount of housing annuity Application criteria How to apply
How much will I receive on my home pension?
As real estate prices have risen significantly over the years, the burden on those who own only one home is increasing as taxes increase. Selling a house is not easy, so many people think that it is better to prepare for old age by receiving a housing pension.
Today, we will briefly explain how to check the amount of housing annuity and considerations when applying for a housing annuity. 주택연금 수령액 조회
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What is a home pension?
Housing Pension Enrollment Conditions
How to check the amount of housing annuity
How to calculate the amount of housing annuity
Housing pension subscription fee and annual guarantee fee
Documents to be submitted when signing up for a housing pension
What is a home pension?
old man and coin
The housing pension is a system in which retirees and senior citizens who own a house but need income, provide their housing as collateral and receive monthly pension payments for their lifetime.
The housing pension application is widely used as a means of replacement for old age without income because the homeowner or spouse can secure monthly living funds by entrusting the home owned by the homeowner or spouse as collateral as collateral.
You can apply for the housing pension system at the Korea Housing Finance Corporation.
>>Go to Home Pension System Application
[Housing Pension Advantage]
With the housing pension, even if economic activity is impossible due to old age, it is possible to prepare for old age because the monthly housing pension receipt is provided as an annuity.
Even if the amount of housing pension received after the death of both you and your spouse exceeds the house price, the heir will not be charged for the excess, and if the difference occurs, inheritance is possible.
[Disadvantages of housing annuity]
The downside is that it does not reflect the range of house price fluctuations, so it is a loss if the house price rises.
If you cancel, you must return the paid pension, and it is difficult to re-enroll for 3 years. In addition, once you sign up for a housing pension, you cannot move, and the initial subscription fee is large.
Housing Pension Enrollment Conditions
The basic condition for joining the housing pension is 55 years of age or older, and in the case of a married couple, only one person must be 55 years of age or older.
In addition, you must own a house, and the published price of the house you own must be less than 900 million won. You must live in the house you own in order to join the housing pension.
However, if you are a multi-family dweller, the total amount of the house you own must be less than 900 million won, and if it exceeds, you can purchase one house for three years.
How to check the amount of housing annuity
It is said that it is possible to select the amount of housing pension receipt depending on the financial situation, such as receiving a large amount of pension at an early stage or increasing it regularly.
There were only two types of housing annuities, the ‘flat rate’, in which the same amount is paid for the rest of the life within the limit of the annuity loan, and the payment of more than the flat rate for the first 10 years and then 30% less.
However, it is now possible to select from ‘initial increase type’, ‘regular increase type’, and ‘fixed price type’ on the foundry website.
In both the initial incremental type and the regular incremental type, only the permanent housing annuity, which is paid until death, can be selected. The fixed-term method, which is paid for 10 to 30 years, is only available for flat-rate subscriptions.
How to calculate the amount of housing annuity
We’ll show you how to calculate your housing annuity.
The method of calculating the amount of housing annuity is available on the website of the Korea Housing Finance Corporation.
>>Go to Estimated Pension Inquiry
There are three ways to calculate the amount of housing annuity: life payment method, senior welfare housing, and residential officetel.
Since the amount of the housing pension is calculated according to the appraisal, it is calculated in different amounts, and the higher the age, the higher the housing pension is paid.
Example) If you own a house worth 300 million won by the age of 60
Lifetime payment method: 636,000 won,
Welfare housing for the elderly: 527,000 won,
Officetel for residential purposes: 464,000 won
Housing pension subscription fee and annual guarantee fee
In order to join the housing pension, you must pay an enrollment fee and an annual guarantee fee.
Enrollment fee: This is called the initial guarantee fee, and 1.5% of the house price (1% in the case of loan repayment method) must be paid on the first annuity payment date.
Annual guarantee fee: 0.75% of the guarantee balance (1% in the case of loan repayment method) must be paid monthly.
The guarantee fee is paid by the financial institution that handles it at the subscriber’s expense, so it is added to the total annuity payment (loan balance). Therefore, you do not have to pay by yourself.
Documents to be submitted when signing up for a housing pension
Submission Period Document List Issued Place Use Remarks
upon application
(Common document) Resident registration
2 copies for examination by eup/myeon offices and dong community center
Submit 1 copy of construction
(can be omitted)
※If the spouse is separately registered as a resident, a copy of the spouse’s resident registration is also required.
If the spouse also submits a prior consent form for joint use of administrative information, the corporation can issue it directly.
for examination
[Submit one copy to the bank]
Post-submission possible
transfer generation
1 copy of the reading table for examination
[Submit 1 copy of construction]
mortgage right
when set
(mortgage
Method) 2 copies of seal certificate
(co-owner
In each case) Eup/Myeon office and Dong Community Center guarantee agreement, for the establishment of a nearby mortgage
When signing a guarantee agreement with the construction company, submission of a seal certificate can be omitted
1 copy of family relationship certificate
(co-owner
in each case) for examination
Submit 1 copy of construction
One original copy of the certificate of registration right
return after use
(In case of loss, it is possible with a confirmation document)
At the time of trust contract and registration
(Trust method) 2 copies of personal seal certificate
(co-owner
In each case) Eup/Myeon office and Dong Community Center guarantee contract, trust contract, and registration
When signing a guarantee agreement with the construction company, submission of a seal certificate can be omitted
1 copy of family relationship certificate
(with a spouse
In each case) for examination by eup/myeon offices and dong community centers
Submit 1 copy of construction
registration right
1 original copy at the time of trust registration
return after use
(In case of loss, it is possible with a confirmation document)
local tax payment
Certificate Eup/Myeon Office and Dong Community Center Trust Registration
(Registrar
Submit 1 copy)
※When issuing documents, be sure to state the purpose (trust registration) and the address of the trust property.