A home pension is a system in which the homeowner puts his or her house as collateral and receives a monthly annuity.
A housing annuity is a product similar to a mortgage loan in its basic structure, but does not receive a lump sum,
It is different from the existing secured loan in that it is paid monthly in the form of an annuity for the rest of its life.
Eligibility for housing pension
Not everyone who owns a house can join the National Housing Pension. You must meet three of the following eligibility criteria:
① Must be over 60 years of age 주택연금 수령액 조회
② It must be one house in the total of married couples.
③ The house price must be less than 900 million won 좋은뉴스
Judgment over the age of 60 is based on the owner of the house, and in the case of a joint name of a married couple, the elder must be over 60 years of age.
For the appraisal of subscription collateral, the Internet market price of the Korea Appraisal Board and the kb Internet real estate market price are sequentially applied.
In addition, in principle, a person should be a single homeowner, but if a person temporarily becomes a second home owner due to inheritance, moving, etc.
If one house is disposed of within three years, it is considered to be eligible for membership.
How to receive a housing pension
There are two types of housing annuities: life and fixed-term. That is, will you receive an annuity for the rest of your life?
It is a matter of deciding whether to receive a period of 10 years, 20 years, etc. The life annuity system is divided into fixed-rate, incremental, decreasing, and post-retirement annuities depending on the amount of payment.
You can choose from 10, 15, 20, 25, or 30 year annuities for defined term annuities.
You cannot change the housing pension payment method once you choose it, so you must carefully understand your economic situation and choose carefully.
Examples of housing pension receipts
The amount of housing annuity depends on the appraised value of the collateral and the method of receiving the annuity.
Still, if you are interested in a home annuity, you may be wondering how much you will receive on your home annuity.
The example below shows the monthly pension receipts for general housing and senior welfare housing in the case of a flat-rate life annuity.
In the example below, if you are 65 years old and have a city value of 500 million won, you will receive about 13.71 million won each month.
Inquiry on the amount of housing annuity
You can also find out more about your superannuation amount.
You can inquire about the expected pension amount on the Korea Housing Finance Corporation website.
As mentioned earlier, a home annuity is basically a secured loan, so the amount of annuity received is the amount of the loan minus interest.
Since each housing pension system has its pros and cons, it is not necessary for those who are well-prepared for retirement to sign up for an annuity with their home as collateral.
However, for those who are not well prepared for retirement for various reasons, it is a system that emphasizes the advantages far more than the disadvantages.
We have looked at the amount of housing annuity received above and found out about the eligibility for membership.