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ISA Accounts: Finding the Right Investment Strategy for You

  • Written Language: Korean
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Created: 2024-11-19

Created: 2024-11-19 21:24

Start your ISA account now, even more powerful with the 2024 tax reform!

  • What is an ISA account? It is an abbreviation for Individual Savings Account, a tax-saving investment product that allows you to manage various financial products in one account and receive non-taxation and low-rate separate taxation benefits.
  • Why is an ISA account good?
    • Tax benefits: You can enjoy various tax benefits such as non-taxation, low-rate separate taxation, and tax credits.
    • Loss offset: Since taxes are calculated by combining profits and losses, you can reduce losses.
    • Diverse investments: You can invest in various financial products such as stocks and ETFs.
    • Low fees: Fees are lower than regular accounts.
  • Types of ISA accounts: They are divided into trust type, discretionary type, and brokerage type, with the brokerage type being the most popular.
  • Membership requirements: Anyone over the age of 19 residing in Korea can join, and depending on income conditions, it is divided into the low-income type and the farmer/fisherman type to receive greater benefits.
  • 2024 Tax Reform: It has been revised to more favorable conditions, such as raising the non-taxation limit and expanding the contribution limit.
  • Investment methods: It can be used in various ways, such as extending the maturity for long-term investment and converting to pension savings.
  • Non-face-to-face opening: You can easily open an account using a smartphone app.

How to open an ISA account non-face-to-face

ISA Account Benefits and Online Account Opening

ISA Account Benefits and Online Account Opening

ISA Account, a tax-saving opportunity you'll regret missing!

With the 2024 tax reform, ISA accounts have become even more attractive investment products. If you want to enjoy non-taxation benefits or increase your assets through long-term investment, actively utilize ISA accounts.

Open an ISA account now and start smart investing!

FAQ

  • Can anyone join the ISA account? Anyone over the age of 19 residing in Korea can join.
  • What products can I invest in with an ISA account? You can invest in various financial products such as stocks and ETFs.
  • What is the non-taxation limit for ISA accounts? The non-taxation limit has been raised with the 2024 tax reform. Please contact your brokerage firm for details.
  • What happens if I terminate my ISA account prematurely? Taxes may be imposed if you terminate prematurely.
  • Which brokerage firms can I open an ISA account with? Most brokerage firms allow you to open an ISA account.

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