Woori Investment & Securities said on the 1st it will run the "WeBee scratch card" event, an instant-reward promotion for pension savings users, for three months from the 1st of this month through Nov. 30.
Both existing users with pension savings accounts and new account openers can apply for the event through Woori Investment & Securities' mobile trading system (MTS), "Woori WON MTS."
When participants meet the event requirements, a scratch card is issued within the MTS, and users can see the result as soon as they scratch the card. Instead of the existing process of applying and then waiting for a drawing, the company applied an "instant reward" method in which the result is determined immediately after participation. Every participant wins.
The promotion runs in two areas: "fill your tax credit limit" and "bring over other firms' pensions/ISAs." In the fill your tax credit limit area, one scratch card is issued for every 3 million won of net deposits into a pension savings account, up to a maximum of three cards. If 9 million won is deposited at once, three cards are given. However, the combined annual contribution limit across all financial institutions for pension accounts such as pension savings and individual retirement pensions (IRP) is capped at 18 million won per year. For example, if a user deposited 6 million won into an IRP this year, an additional deposit of up to 12 million won is allowed in a pension savings account.
Separate from the contribution limit, the annual pension savings tax credit limit is 6 million won, and with additional deposits into a retirement pension account such as an IRP, the combined maximum eligible for a tax credit is 9 million won. The tax credit rate is 16.5% if total salary is 55 million won or less, and 13.2% if it exceeds that.
The bring over other firms' pensions/ISAs area offers more diverse benefits. If pension savings held at another financial company are moved to Woori Investment & Securities or if maturing funds from a brokerage-type ISA are converted, the amount is recognized at 1.5 times, and cash and scratch cards are provided simultaneously according to the recognized amount tier.
Based on the recognized amount criteria, cash is allocated from at least 10,000 won up to 1.5 million won, and scratch cards from at least one up to 50, on a tiered basis. Detailed benefits by tier can be viewed in the event menu of "Woori WON MTS."
By participating in both promotions and meeting both the net deposit and pension transfer conditions, users can receive up to 1.5 million won in cash and up to 53 cards.
Scratch card prizes include: ▲ 1st prize travel voucher worth 1 million won ▲ 2nd prize gas voucher worth 500,000 won ▲ 3rd prize department store voucher worth 300,000 won ▲ 4th prize KOSDAQ150 ETF 1 or 2 shares ▲ 5th prize convenience store voucher worth 1,000 won, 2,000 won, or 3,000 won. The 22% taxes and fees on prizes will be fully covered by Woori Investment & Securities.