“Effect of annual 9.31% general deposit” Check whether you can join the Youth Hope Savings from the 9th

From the 9th, you can check whether you can join the ‘Youth Hope Savings Savings’, which can receive savings incentives of up to 4% and interest income tax exemption.

The Financial Services Commission announced on the 7th that 11 banks signed an agreement for the launch and operation of the Youth Hope Savings on the 8th with the Financial Promotion Agency for the Commonwealth and plans to operate the ‘Youth Hope Savings Preview’ from the 9th to the 18th.

Consumers can check whether subscription is possible in the preview of Youth Hope Savings in the Kookmin, Shinhan, Hana, Woori, Nonghyup, Enterprise, Busan, Daegu, Gwangju, Jeonbuk, and Jeju Bank apps. You will receive a text message within 2-3 business days after application. If the Youth Hope Savings Savings Account is officially launched on the 21st, applicants can sign up for it immediately without verification at the bank.

The target of joining the Youth Hope Savings Savings Program is those who are between the ages of 19 and 34 as of the date of registration and were born on or after February 22, 1987. Military service period of up to six years is excluded from age calculation.

Income must not be subject to comprehensive financial income taxation in which the total salary for the immediately preceding taxable period (2021) is less than or equal to 36 million won (global income of 26 million won) and the sum of interest income and dividend income exceeds 20 million won in the immediately preceding three years. . If there is no income or even if there is income, the National Tax Service cannot prove the amount of income.

At the time of subscription, the maximum monthly payment is 500,000 won and the maturity is 2 years. Apart from the market interest, 2% of the amount paid in the first year and 4% of the payment in the second year (up to 360,000 won) are supported. Interest income tax and special tax for rural areas are not levied. The FSC explained that the Youth Hope Savings Savings has a similar effect to the general savings (taxable products) of 9.31% per year.


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