Samsung Securities "Enjoy Tax Benefits with Brokerage ISA 'Tax Saving Support Event'"

Samsung Securities announced on the 4th that it will hold an event until April 30th, providing gift certificates to customers holding brokerage-type Individual Savings Accounts (ISA).

This event consists of four types: ▲Welcome Event ▲Start-up Event ▲Level-up Event ▲Boom-up Event.

The Welcome Event is for new customers. Customers who open a brokerage-type ISA account for the first time during the period will receive a 5,000 KRW gift certificate, and those who make a net deposit of 1 million KRW or more after opening will receive a 10,000 KRW gift certificate. However, the 5,000 KRW and 10,000 KRW gift certificate benefits cannot be combined.

The Start-up Event targets existing customers with a Samsung Securities brokerage-type ISA balance of 100 KRW or less as of the 28th of last month. Customers who make a net deposit of 1 million KRW or more but less than 10 million KRW into their brokerage-type ISA account during the period will receive a 10,000 KRW gift certificate.

The Level-up Event is for both existing and new customers. Gift certificates are provided according to the scale of net deposits made into the brokerage-type ISA account during the period. Gift certificates start from 30,000 KRW for net deposits of 10 million KRW or more, up to 300,000 KRW for net deposits of 90 million KRW or more. However, the balance must be maintained at or above the net deposit amount until May 31, 2025, and gift certificates for each net deposit amount cannot be combined.

Lastly, the Boom-up Event provides a 5,000 KRW gift certificate per product when customers make net purchases of 1 million KRW or more in products (ELS/funds/bonds) within the brokerage-type ISA account during the period.

ISA is a tax-saving account introduced in 2016 to support wealth formation through comprehensive personal asset management. It allows various financial products to be managed within one account and offers tax benefits after a certain period. Deposits can be made up to a maximum total limit of 100 million KRW over five years, with an annual limit of 20 million KRW.

Since the introduction of the brokerage-type ISA system, which allows stock trading, in 2021, the overall balance and number of subscribers in the ISA market have surged. This is due to various tax benefits such as up to 2 million KRW tax exemption (general type) and a loss offset system that reduces taxable income by offsetting losses from stock investments with gains from indirect products like funds.

For more details about the 'Brokerage-type ISA Tax Saving Support Event,' please refer to the Samsung Securities website or the mobile app 'mPOP.'

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