Basic Pension Eligibility Checker
Enter income and assets to estimate eligibility for Korea's Basic Pension against the 2026 threshold.
Region deductions are reference values. The result is an estimate — confirm at Bokjiro.
Who qualifies for the 2026 Basic Pension?
Korea's Basic Pension is for people aged 65+ whose 'recognized income' is at or below the selection threshold. For 2026 the threshold is 2,470,000 won/month for a single household and 3,952,000 won/month for a couple (Ministry of Health and Welfare, effective January 2026), set so that about 70% of seniors qualify.
What is recognized income?
Recognized income is monthly income (evaluated income) plus assets converted into income. Earned income gets a basic deduction then a further 30% cut; assets have a region-based basic deduction and a financial-asset deduction (20M won) and debt subtracted, with the remainder converted at 4% per year ÷ 12. This tool applies that method to estimate it.
Before you rely on this
- This is an estimate. Actual screening also considers luxury cars, memberships, imputed rent, and region-specific deductions.
- Confirm eligibility at the official Bokjiro simulator or a community center / National Pension Service branch.
- The threshold changes each January, so check the base year (this tool uses 2026).
The income and asset figures you enter are calculated only in your browser and are never sent to or stored on a server.
Read the Privacy Policy →Frequently asked questions
What is the 2026 selection threshold?
2,470,000 won/month for a single household and 3,952,000 won/month for a couple. If recognized income is at or below this, you may qualify. It's the Ministry of Health and Welfare's 2026 figure, effective January 2026.
How is recognized income calculated?
It's evaluated income plus asset-converted income. Earned income has a basic deduction (about 1.16M won/month) then a 30% cut; assets have region and financial deductions and debt removed, then convert at 4%/year. The tool computes it for you.
Can I rely on this result alone?
Use it as a reference only. Real screening looks at more items. Confirm with the official Bokjiro simulator or a National Pension Service branch.
Are my asset figures stored?
No. All calculation happens only in your browser and is never sent to or stored on a server.