Amount of lump-sum withdrawal from National Pension is defined in the table below. An applicant finds a matching cell in the table to his/her case where the withdrawal amount is indicated. The amounts are designated with the following as principles.
Amount of Lump-sum Withdrawal – National Pension: increases in proportion to “total coverage periods”, i.e. total number of months when premium is contributed in full. The amount does not however increase beyond an upper limit for 3 year “total coverage period”.
Please note the following:
Only Category I insured person with 6 months or longer as total coverage period is eligible.
No withdrawal for those with less than 6 months as total coverage period.
The amount reaches its upper limit for those with 36 months or 3 years as total coverage period, beyond which the amount does not increase any further. (Note that as of Dec 2019 law amendment is under consideration to extend this 3 year upper limit to 5 years. See more details in this blog post.)
An insured person already eligible for Old-Age Basic Pension can not apply for lump-sum withdrawal. Instead, the person should apply for the old-age basic pension when they reach pension age.
Coverage month as Category II or III insured person does not count for total coverage period.
Full amount is paid without withholding tax, unlike Employees Pension.
Definitions of terminologies in the table are as follows.
Total Coverage Period: Sum of months when premium is paid in full as Category I insured person. Premium waiver periods if any are adjusted to an equivalent period of full premium contribution.
Your last contribution was made for the months between: A column of the table should be looked up which corresponds to a fiscal year when your last premium contribution is made.
Reference: Japan Pension Service
Case study: Withdrawal amount is JPY 196,080, for an insured person with 24 months as Category I and the last premium contributed in January 2019.
