Samsung Securities Launches Both "Installment Gift" and "Child Asset Management" Services Simultaneously

One-Stop Support for Gift Tax Reporting, Automatic Transfers, and Balance Management

Samsung Securities announced on the 11th that it will simultaneously launch the "Installment Gift Service" and the "Child Asset Management Service," both of which digitally support the entire process from asset formation for minor children to gifting and tax reporting.

The Installment Gift Service is a digital solution that provides a one-stop process for parents to gift a set amount to their children over a specified period. Users can conveniently access features such as expected tax simulation based on the gifted amount, automatic monthly transfers, single-step gift tax reporting, and checking accumulated gift history. A representative from Samsung Securities explained, "The service is designed to be linked with the 'Stock Saving' service, enabling gifted funds to be immediately invested through installment investments."

The company has also maximized tax-saving benefits by utilizing the periodic and non-periodic fund evaluation system. For example, if a parent gifts approximately 190,000 won monthly to a minor child over 10 years via installment, applying a 3% periodic fund discount, they can gift up to 22.68 million won tax-free. This exceeds the one-time gift tax exemption limit of 20 million won.

The newly released "Child Asset Management" service provides features such as prenatal (fetus) notification service, changing the account for receiving child allowance, and integrated balance management. Through the Child Balance Management menu, parents can manage profiles and balance status of multiple children in an integrated manner. It also allows intuitive monitoring of the period remaining until a child reaches adulthood, current asset trends, and rate of return management, as well as one-stop access to features such as "Stock Gifting" and checking "Installment Gift History."

To commemorate the launch of the Child Asset Management Service, Samsung Securities will run an event for non-face-to-face customers under 19 years of age until October 30. Upon opening a new account, a congratulatory cash reward of 10,000 won will be given. In addition, if the balance of a new child account reaches 1 million won, 100 customers will be selected by drawing each month to receive one share of a KOSPI 200 stock, valued at up to 2 million won. Furthermore, the first 15,000 new minor customers each month will receive an additional domestic stock investment support fund of 20,000 won.

A Samsung Securities official stated, "Installment gifting allows you to start with a small amount and is the optimal solution to simultaneously achieve both tax savings and long-term investment." The official added, "We expect that this service will make managing assets for your child's future even easier."