"Tax Management Popularization" Samsung Securities Launches One-Stop Mobile "Tax Solution"

Personalized Information, Digitalization of Tax Services Once Exclusive to High-Net-Worth Clients

[Asia Economy Reporter Lee Seon-ae] Samsung Securities announced on the 27th that it has launched the industry's first one-stop mobile integrated tax management service, 'Tax Solution.'

The Tax Solution service launched by Samsung Securities allows customers to directly check their individual financial income and tax-saving assets at a glance. Any Samsung Securities customer can use it through the Samsung Securities mobile app 'mPOP.'

As the era when 'tax saving' was considered the domain of high-net-worth individuals has passed, and investors increasingly regard taxes as an important part of asset growth, this Tax Solution service was launched in response to this trend.

In fact, the number of tax-related consultations received through Samsung Securities' online asset management service until June this year exceeded 10,000 cases, showing about a 1.5 times increase compared to the same period last year.

The Samsung Securities Tax Solution service can be accessed after logging into the Samsung Securities app 'mPOP' by navigating to 'Menu' → 'Pension/Tax Saving' → 'MY Tax' tab. The newly established menus under the 'Pension/Tax Saving' tab are 'Income Status,' 'Tax-saving Asset Status,' and 'Easy-to-understand Tax Information.'

In 'Income Status,' users can check the comprehensive income tax taxable income generated by Samsung Securities by year. It is possible to see whether detailed items such as 'interest/dividend income tax,' 'other income,' and 'pension income,' which become subject to comprehensive income tax when exceeding a certain amount, are taxable, as well as how much income has been generated so far for each item.

Additionally, on this screen, users can check the health insurance premium calculation criteria information according to their applicable health insurance category (dependent/employee/regionally insured) and the income generated from Samsung Securities corresponding to that category. Secondly, the 'Tax-saving Asset Status' menu provides information by reclassifying the assets held by investors at Samsung Securities from a tax-saving perspective.

Entering this menu, users can view asset status broadly divided into 'Pension Type,' 'Investment Type,' and 'General Assets.' In 'Pension Type,' the evaluation amount of pension assets such as pension savings accounts and IRP is shown; in 'Investment Type,' the evaluation amount related to tax-saving assets other than pension types, such as ISA and tax-exempt comprehensive savings, can be checked; and 'General Assets' shows the evaluation amount of all other assets.

Assets with similar characteristics can be grouped and viewed at a glance, allowing users to check and manage tax benefits easily. For example, for pension accounts (pension savings, IRP, DC-type retirement pension) that receive tax credit benefits up to a maximum deposit amount of 7 million KRW by aggregating accounts from all financial companies, using Tax Solution allows users to see the total amount deposited this year across all Samsung Securities pension accounts, check the remaining deposit limit eligible for tax credit for each account, and make deposits immediately. Especially for pension accounts, the tax credit deposit limit varies depending on the customer's income level and age, and by entering income information, users can receive accurate personalized tax credit deposit limit information.

Finally, in 'Easy-to-understand Tax Information,' users can check everything from tax basics to useful tips. The launch of this Tax Solution service reflects Samsung Securities' concerns and know-how accumulated from operating asset management business early on. Starting with tax services for ultra-high-net-worth individuals in the early 2000s, Samsung Securities launched the industry's first SNI service for ultra-high-net-worth individuals with assets over 3 billion KRW in July 2010, forming a dedicated team of experts in finance, tax, and real estate at headquarters to provide consulting.

Sajae Hoon, Vice President and Head of Channel Sales Division at Samsung Securities, said, "We feel rewarded to popularize tax services, which are highly personalized, so that general customers can also enjoy them," adding, "We will continue to introduce proactive services that meet customers' needs."

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