The Research in the 2012 R.O.C. Income Tax Impact on Teachers Which Affect Financial Perception, Financial Behavior and Retirement Funds Planning－Cases in Taichung City’s Elementary School Teachers

• Main Authors: Yu-Shao Lin, 林郁劭
• Other Authors: Fu-Min Chang
• Format: Others
• Language: zh-TW
• Published: 2012
• Online Access: http://ndltd.ncl.edu.tw/handle/60265843654500980156

碩士 === 朝陽科技大學 === 財務金融系碩士班 === 100 === The Legislative Yuan finally completed "tax law" amendments on Jan 7, 2011, the new law will be implemented from 2012, that is soldiers and teachers will be paying the income tax in 2013. This research aims to understanding the present policy of teachers to resume paying income tax impacting declaration income tax perception, financial perception, financial behavior and financial planning for retirement of the teachers. The research uses questionnaire survey method. The main participants are public elementary school teachers in Taichung City. Four hundred and twenty questionnaires are distributed with 337 valid ones recollected. The ratio of valid questionnaires reaches to 80.24%. The majority of interviewees are female, married and have children. They are at the age of 31 to 40 and have taught for 10 to 15 years. Their personal incomes are around 50,000 NTD to 60,000 NTD and the total incomes with their couples are more than 110,000 NTD. They usually own the leading right of family investment. The result shows that, elementary school teachers’ declaration income tax perception are not enough. The overall financial perception of elementary school teachers tends to be positive. Among the five aspects of financial perception, the opinion on the risk is the most positive one, followed by the opinion on financial planning and their subjective opinions. Elementary school teachers have low interest in financial management and are less positive about their opinions on the retirement. In the aspect of elementary school teachers’ financial behavior, the first two goals of financial management are wealth accumulation and preparation for the retirement. As for the investment tools, they usually review their own retirement planning. The mainly used investment tools are certificate deposit, insurance and fund. The investment mostly takes around 1 to 20% of personal income. As for elementary school teachers’ financial planning for retirement, the first two goals of it are capital accumulation and retirement preparation. As for the investment tools, the information of financial management mainly comes from reading relevant financial information, or colleagues and friends. And the main factor that affects their choices of investment tools is the risk of investment. In the aspect of retirement planning, the most ideal age of retirement is at the age of 51 to 55. They think the necessary living expenses per month after retiring are around 40,000 NTD to 60,000 NTD. Nearly 70% of the elementary school teachers have already started planning their finance for retirement. Elementary teacher''s declaration income tax perception score higher levels then its financial perception also scored higher levels, and "financial interest" aspect most affected by income declaration tax perception. The results propose some concrete suggestions for teachers.