Shinhan Financial Group "Join the Retirement Pension and Receive Prizes"

[Asia Economy Reporter Haeyoung Kwon] Shinhan Financial Group announced on the 6th that it will hold the '2020 New Year Gift IRP Event' for two months targeting retirement pension customers.

This event is a joint event hosted by the Group's Retirement Pension Business Division. Various prizes such as laptops and gift certificates will be provided through a lottery to customers who newly subscribe to Individual Retirement Pension (IRP), transfer accounts, or deposit retirement funds.

The eligible customers are ▲those who complete a new subscription of 100,000 KRW or more to an Individual Retirement Pension and set up automatic transfer ▲those who complete an account transfer of 10 million KRW or more from other financial institutions to Shinhan Bank ▲those who meet the retirement fund deposit criteria. Customers who meet the retirement fund deposit criteria will additionally receive Shinsegae E-Mart gift certificates on a first-come, first-served basis.

The Individual IRP is a representative tax-saving product that offers up to 1.98 million KRW in tax deduction benefits along with pension preparation.

Shinhan Financial Group launched the retirement pension business division, consisting of Shinhan Bank, Shinhan Financial Investment, and Shinhan Life Insurance, in June last year, the first in the financial sector. They are collaborating from a One-Shinhan perspective to enhance the value for retirement pension customers, including fee reductions.

A Shinhan Financial Group official said, "According to the tax law effective from 2020, the IRP tax deduction limit has been expanded and benefits when receiving retirement funds as a pension have been strengthened, so the benefits of joining IRP are gradually increasing," adding, "We hope this event will be an opportunity for many customers to join IRP and start preparing for retirement funds."

This content was produced with the assistance of AI translation services.