KB Securities Revamps Mobile Tax Saving Management Service

KB Securities announced on the 15th that it has renewed and launched the 'Tax Saving Management' service on KB Securities' Mobile Trading System (MTS) KB M-able to help investors manage tax savings smartly.

The Tax Saving Management service is a mobile service that classifies tax items by income generated from investment activities and provides timely tax information and calculation functions to assist tax-saving investments. This time, it has been revamped to allow investors to check the status of their tax-saving assets and taxes at a glance. Through this, users can easily check the annual tax deduction and contribution limits for pensions and Individual Savings Accounts (ISA), as well as the status of all taxable income generated through KB Securities, enabling them to adjust the annual contribution limits between accounts to optimize tax savings.

Additionally, to make it as simple as possible for customers to calculate their year-end tax settlement, a year-end tax settlement simple calculator function is provided. Customers can check card usage amounts and pension account contributions from all financial institutions through MyData, and by simply entering their salary amount, they can estimate the expected credit card income deduction amount and confirm pension account tax deductions.

In particular, this renewal focused heavily on the overseas stock tax-saving management function due to the recent increase in overseas stock investors and the growing interest and inquiries about capital gains tax on overseas stocks. If the expected capital gains tax on overseas stocks is burdensome, one method is to sell and repurchase stocks that have incurred losses. At this time, the overseas stock sale simulation allows users to pre-calculate the tax increase or decrease resulting from trading specific stocks.

Moreover, if there is a significant unrealized gain on held overseas stocks, capital gains tax can be reduced through gifting using the gift property deduction. Users can compare which method?direct sale or gifting?is more advantageous for tax savings by using a simple simulation function.

Furthermore, starting from the 16th, users can check detailed information on interest and dividend income generated from financial investments and the remaining comprehensive taxation limit to predict whether they are subject to comprehensive financial income taxation. If they are already subject to comprehensive financial income taxation, they can use the comprehensive financial income tax calculator to check the additional tax burden resulting from comprehensive taxation.

As a 'Nation's lifelong investment partner,' KB Securities plans to actively discover various tax-saving related services that meet customer demands by utilizing accumulated expertise and know-how. Lee Min-hwang, Head of the Asset Management Solution Center at KB Securities, said, "We have been making various efforts to provide specialized consulting in areas such as tax, real estate, and law, which were mainly conducted for VIP customers, through non-face-to-face channels," adding, "Among them, we aimed to significantly improve the convenience of the tax-saving management service through this overhaul." He continued, "We will continue to strive to provide specialized services that can assist customers' investment activities through close communication with customers."

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