사적연금 세액공제 확대에 따른 소득계층별 및 사적연금별 영향과 정책적 시사점

Under financial aggravation of the public pension, the Korean government has reduced the income replacement rate and adjusted upward the pensionable age, whereas it has reinforced the retirement income secularity through the private pensions. As a part of the means for it, the tax benefit for the private pensions has been enlarged. The most recent tax change regarding the private pensions is that the maximum amount of contribution for tax credit is expanded from four to seven million won. Utilizing panel data from 2014 to 2015 of the National Survey of Tax and Benefit, this study analyses the effect of the expending tax credit by income levels and types of private pensions. The empirical results present that the expending tax credit increases the amount of contribution on the private pensions. The increase is mainly from not the retirement pension but the personal pension and from not low income group but high income group. Finally, those who increased the amount of contribution on the retirement pension are mainly whom satisfied the credit limit of the personal pension. The results would reflect that the contribution of middle and lower class people does not meet the seven million won which is the maximum amount of tax credit. Thus, it is plausible to reform the ongoing tax structure regarding the private pension which has not subdivided the income levels.