Toss Securities said on the 24th that it will launch its first tax-saving product, a retirement pension savings account. Eligible applicants are domestic residents aged 19 or older, and users who hold a retirement pension savings account at another financial company can open an additional account.
Toss Securities provides a "retirement pension savings account report" so users can easily check the status of their pension management and tax-saving benefits. Through this, they can check the tax credit progress rate and the expected tax-saving amount for this year and plan their contributions.
Investment convenience features are also provided. Users can view, in one place, domestic exchange-traded funds (ETFs) available for investment from the pension account, and the service also supports a "stock saver" function to regularly purchase domestic ETFs and an automatic transfer service that automatically contributes a set amount.
Up to 18 million won per year can be contributed to a retirement pension savings account, and tax credit benefits are available for up to 6 million won (up to 9 million won when combined with an individual retirement pension (IRP)). Subscribers with total salary of 55 million won or less (total income of 45 million won or less) can receive a maximum tax credit of 990,000 won, and those above that can receive up to 792,000 won.
A Toss Securities official said, "We hope the retirement pension savings account will allow anyone to start easily with a small amount and become an opportunity for more users to begin investing in pensions."