【Method of Payment】

If granted, the Lump-sum Withdrawal Payment will be deposited directly into the former JET participant's bank account overseas. The amount of the Lump-sum Withdrawal Payment remitted to the account will be calculated at the currency exchange rate on the date of transaction.

At this time, it is necessary to realise that the methods of payment differ between the Lump-sum Withdrawal Payment and the Tax Refund. While the Lump-sum Withdrawal Payment is remitted to the former JET participant's personal bank account overseas, the Tax Refund is remitted to the bank account of a Tax Representative who must be a resident of Japan. The Tax Refund is described in more detail here.

Important Notes:

Should the applicant pass away before receiving the Lump-sum Withdrawal Payment, a spouse, child, parent, grandchild, grandparent or sibling living off the same income source, and a member of the same fiscal household at the time of the applicant’s death can receive payment in place of the applicant.

A 20% income tax is imposed on the Lump-sum Withdrawal Payment for the Employees’ Pension Insurance. Learn how to claim a refund on this tax deducted here.

If you have further queries, please submit your questions, written in either English or Japanese, to the Social Insurance Agency at the address below. It can take up to 6 months or more from the processing of your application to the time that money is deposited in your bank account. The process will also take much longer if there are insufficient or unclear documents.

DISCLAIMER: The above information is based on a pamphlet issued by the Social Insurance Agency. CLAIR assumes no responsibility for the accuracy of information provided here. This information is intended to help guide former JET Programme participants through the process of filing for the pension refund, but all specific questions and concerns must be addressed directly to the Social Insurance Agency.