Taiwan Labor Insurance and Labor Pension calculator 2026
Enter birth year, years of coverage and insured salary to estimate the Labor Insurance old-age pension and Labor Pension annuity, and compare claiming at ages 60 to 70.
Labor Insurance old-age pension
- Pension per month
- NT$21,297
- Formula used
- Formula 2
- Statutory claiming age
- age 65
- Your claiming age
- age 65，At the statutory age, no adjustment
- Insured years used
- 30 years
The pension is the higher of two formulas: average insured salary × years × 0.775% + NT$3,000, or average insured salary × years × 1.55%.
Labor Pension monthly annuity
- Claiming age
- age 65
- Average remaining life
- 19 years
| Return assumption | If the return is only the guaranteed 1.7108% | At the 7.64% return you entered |
|---|---|---|
| Account balance at claiming (estimate) nominal, not adjusted for inflation | NT$1,596,217 | NT$4,225,887 |
| Annuity per month nominal, not adjusted for inflation | NT$7,783 | NT$20,606 |
- If the return is only the guaranteed 1.7108%
- At the 7.64% return you entered
nominal, not adjusted for inflation
The two payments start at the ages you chose for each. The total simply adds the two monthly amounts.
The expected return is an assumption, not a guarantee. The real balance depends on fund returns, your pay and your contributions.
From 2027 the Labor Insurance rate changes (the ordinary-risk rate goes from 12.5% to 13%, already announced) and the insured salary table is not yet announced. This tool follows the rules in force in 2026.
This estimate is for reference only and is not tax or financial advice. Actual amounts are set by the Bureau of Labor Insurance, Ministry of Labor.
Sources: Bureau of Labor Insurance, Ministry of Labor, Bureau of Labor Funds. Rules and parameters as of 2026-11-10, covering 2026 (ROC year 115).
How do I read the result?
The big number adds the two monthly payments. Below it, the Labor Insurance part shows which formula applied and how much your claiming age raises or lowers the amount, and the chart shows every claiming age from the earliest allowed to 70. The Labor Pension part depends on the return you assume, so try a lower return too. For Labor Insurance finances and government funding, see the topic main page.
How this result is produced
This calculator estimates what you could receive each month from the Labor Insurance old-age pension and the Labor Pension annuity, using the rules in force in 2026.
Labor Insurance old-age pension (2026 rules): the higher of average insured salary × years × 0.775% + NT$3,000, and average insured salary × years × 1.55%. The average is over the highest 60 months of insured salary. Years are counted as years plus months ÷ 12, rounded to two decimals (the third decimal rounds), and a part month of under 30 days counts as 1 month. Each year of delay adds 4% (up to 20%). Each year of early claiming cuts 4%, for at most 5 years and at most 20%. A pension needs 15 insured years.
Labor Pension: the account is projected year by year the way the Ministry of Labor calculator does it. The monthly contribution wage is matched to the 2026 contribution table, contributions made during a year earn interest for 5.5 months, and pay grows at the rate you set. The monthly annuity is the account balance ÷ the annuity present-value factor ÷ 12. The factor uses the average remaining life at your claiming age (2022 abridged life table: 23 years at 60, 19 years at 65) and an interest rate of 1.1473%.
Assumptions: the default return and pay growth are those of the Ministry of Labor calculator, version of 2026-03-05. Later price adjustments to the Labor Insurance pension are not included.
Where does the data come from?
Bureau of Labor Insurance pension and annuity pages, the Ministry of Labor individual pension calculator (2026-03-05 version), the Labor Insurance Act and the Labor Pension Act. Data as of 2026-11-10.
Frequently asked questions
At what age can I claim the Labor Insurance pension?
It depends on your birth year (ROC calendar). Born in year 46 or earlier: age 60. Year 47: 61. Year 48: 62. Year 49: 63. Year 50: 64. Year 51 or later: 65. You also need 15 insured years and must have left the insured job (Bureau of Labor Insurance, accessed 2026-11-10).
How much does claiming early or late change the pension?
Each year of delay adds 4%, up to 20%. With 15 or more insured years you can claim up to 5 years early, and each year early cuts 4%, up to 20%. In the Bureau of Labor Insurance examples, a base of NT$19,012 becomes NT$21,293 after claiming 3 years late, and NT$16,368 becomes NT$14,404 after claiming 3 years early (rules of 2026).
What are the two formulas, and who gets the first one?
Formula 1 is average insured salary × years × 0.775% + NT$3,000. Formula 2 is average insured salary × years × 1.55%. You get the higher one. The two are equal when average insured salary × years × 0.775% = NT$3,000, which is when average salary × years is about NT$387,097, so Formula 1 only wins below that. This figure is derived on this site from the two formulas. It is not an official number. With 15 years, that means an average insured salary under about NT$25,800.
Are the Labor Insurance pension and the Labor Pension the same money?
No. Labor Insurance is social insurance. For ordinary-risk premiums the worker pays 20%, the employer 70% and the central government 10%, and the pension depends on insured salary and years. The Labor Pension, in force since 2005-07-01, is an individual account. The employer must contribute at least 6% of monthly pay, and you may add up to 6% yourself (Labor Insurance Act art. 15, Labor Pension Act art. 14).
What do I gain by contributing 6% of my own pay to the Labor Pension?
The amount you contribute voluntarily is not counted as salary income for tax in that year, and the Bureau of Labor Insurance says it can be deducted in full from total income. The fund return also cannot be lower than the return on a two-year bank deposit, and the national treasury covers any shortfall (Labor Pension Act arts. 14 and 23).
What if I have fewer than 15 insured years?
Labor Insurance pays an old-age lump sum instead: 1 month of average insured salary per full year, 2 months per full year beyond 15, up to 45 months (up to 50 if you keep working past 60). If Labor Insurance years are under 15 but they reach 15 once National Pension years are added, you may choose the pension at 65. The Labor Pension pays only a lump sum when contribution years are under 15.
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