Samsung Securities said on the 24th that, ahead of next year's year-end tax settlement, it will run a customer support event to encourage the use of individual retirement pension (IRP) accounts for tax credit benefits.
Samsung Securities said in a press release that it will run the "Tax credit up benefits up hurry up! IRP event" through the 31st of next month.
An IRP account is an individual retirement pension account that provides both retirement preparation and tax-saving benefits, characterized by a high tax credit limit. IRP individual contributions can be made up to 18 million won per year, and when combined with a retirement pension savings account, tax credits are available up to a maximum of 9 million won per year.
If ISA maturity funds are moved to an IRP account, tax credits are available up to a combined maximum of 12 million won, including 10% of the transfer amount (up to 3 million won).
This event was prepared to support customers who use IRP accounts for tax credit benefits ahead of next year's year-end tax settlement.
Eligible participants are new and existing customers among workers and business owners with income who are eligible to enroll in IRP. Various prizes will be provided to customers who make net deposits of a certain amount into IRP accounts during the event period.
First, all customers who newly open a Samsung Securities IRP account during the event period and successfully complete the IRP contract will receive a coffee coupon.
The "IRP net deposit event" is for customers who make net deposits into IRP accounts during the period. The net deposit amount is calculated by adding all of the following: new deposits, severance pay deposits, bringing in pensions from other firms, and converting matured ISAs into pensions.
According to the net deposit tier, all participants will receive a gift certificate worth 10,000 won for net deposits of at least 3 million won and less than 9 million won, 20,000 won for at least 9 million won and less than 30 million won, and 30,000 won for at least 30 million won.
For details on the "Tax credit up benefits up hurry up! IRP event," refer to the Samsung Securities website or the mobile app "mPOP."