Over 1.1 Million People Opt for Self-Withdrawal of Retirement Funds

Reported 7 months ago

According to the latest statistics from the Ministry of Labor, the number of workers choosing to withdraw their retirement funds has exceeded 1.1 million for the first time, with an average monthly contribution of NT$66,014. This accounts for 14.69% of all new retirement fund contributors. The Ministry reminds employers to contribute a minimum of 6% of workers' monthly wages to retirement funds, while employees can opt to contribute up to 6%, with tax benefits for amounts within the 6% range. Various income brackets show significant participation, indicating a growing awareness of retirement savings among the population.

Source: YAHOO

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