Retirement Pension Physical Transfer: A Simple and Smart Guide

What is Physical Transfer of Retirement Pension?

The physical transfer system for retirement pensions, implemented from October 31, 2024, allows retirement pension subscribers to move assets in their existing retirement pension accounts at one financial institution to another without selling the assets. Previously, transferring retirement pension accounts required selling all assets and repurchasing them, which was inconvenient. Now, assets can be transferred without being sold, making the process much more convenient.

Why should I transfer my retirement pension?

• You can expect better returns.
  • You can compare retirement pension products from various financial institutions and choose the right product for you.
• You can receive more professional asset management.
  • Each financial institution offers specialized asset management services.
• You can use more convenient services.
  • You can manage your retirement pension more conveniently through mobile apps, etc.

How to perform a physical transfer of retirement pension?

🔗 How to apply for a physical transfer of retirement pension

1. Choose a new financial institution:
- Compare retirement pension products from various financial institutions and choose the one that suits you.
2. Open an account:
- Open a new retirement pension account with your chosen financial institution.
3. Apply for a physical transfer:
- Apply for a physical transfer to the new financial institution.
4. Transfer complete:
- The transfer is usually completed within 3 days of application.

Precautions for Physical Transfer of Retirement Pension

• Not all products are transferable.
  • Only some products such as deposits, ETFs, and public offering funds are transferable.
• The financial institution to which you wish to transfer must handle the relevant product.
• You must check the eligibility for physical transfer in advance.

Frequently Asked Questions about Physical Transfer of Retirement Pension

• How much is the physical transfer fee?
  • There are no separate fees.
• How long does the physical transfer take?
  • It generally takes about 3 days, but it may vary depending on the type of product.
• What happens if the product price fluctuates during the physical transfer?
  • It is transferred at the price at the time of transfer.

Physical transfer of retirement pensions—an opportunity you'll regret missing! Prepare for a more efficient retirement through the physical transfer system for retirement pensions.