Kiwoom Securities Launches Tax-Saving ETF Trading Event
Kiwoom Securities Launches Tax-Saving ETF Trading Event
Kiwoom Securities is initiating an event titled 'More Benefits with ETF Trading in Tax-Saving Accounts,' offering tax benefits to its clients. By opening a new brokerage ISA or pension-saving account and purchasing domestic ETFs at least five times, investors can receive a 1% cashback on their investment, up to a maximum of 100,000 KRW. Brokerage ISAs allow for the management of various investment products under a single account, providing a valuable means to reduce tax burdens, while pension savings accounts offer significant tax reduction through income deductions. Specifically, the brokerage ISA provides a tax-exempt benefit on investment profits, enabling investments in a wide array of financial products without tax concerns. Pension savings accounts provide up to a 990,000 KRW tax deduction, and transferring matured ISA funds to a pension account can result in an additional tax deduction of up to 3 million KRW. These tax-saving benefits offer an attractive option for investors, particularly during the year-end tax settlement season, serving as an effective tool for asset management.
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