[사진 제공 = 연합뉴스]# This is OO Kim, a 35-year-old single office worker. My monthly salary is about 4 million won, and I currently live in a one-room apartment with a rental price of 130 million won in the metropolitan area. The debt is a 4% annual jeonse loan of 80 million won. After subtracting the living expenses and the allowance of my parents, I have an extra 2 million won a month. Currently, I have a medical insurance that pays 50,000 won per month. As a deposit, you have 20 million won in a savings bank. I want to own my own house and get married. Direct investment in stocks is not considered.
If you are an office worker, you may always have concerns about your finances, but there are many cases where you are not sure how to roll your money. This is also the case with the 35-year-old unmarried office worker Mr. Kim. After starting a working life, Mr. Kim is repeatedly rolling money by raising a large amount of money through a savings bank savings account, which has a higher interest rate than commercial banks, and putting it back into the savings account. The interest you can expect next year on a 20 million won deposit deposited in a savings bank this year is only 340,000 won after tax.
Bank PBs (Private Bankers) tell this Kim that it is important to minimize expenses and steadily increase spare money that can be invested, as he will have to save money to prepare for marriage.
“We need to move 20 million won in savings bank deposits to ISA”
Hana Bank Asia Seonchuchon PB Center Branch Gold PB Team Leader Han Jae-hyeok advised Mo Kim to use an ISA first. An ISA is a comprehensive account that can hold deposits, savings accounts, funds, and other financial products in one account.
Team leader Han said, “It is necessary to change the 20 million won deposit deposited in a savings bank to an ISA product with tax-free benefits.” “You can pay up to 20 million won per year (up to 100 million won over 5 years),” he explained.
With the extra 2 million won, it was recommended to subscribe to the comprehensive housing subscription savings, savings-type fund, and individual retirement pension (IRP) products, which are tax credit products.
Team leader Han said, “In order to buy a house in the future, it is necessary to sign up for the comprehensive housing subscription savings.” “If you sign up for more than one year and meet the deposit standards for each region, you can meet the first priority requirement, and workers with a total salary of 70 million won or less You can receive income deduction up to 960,000 won within 40% of the annual 2.4 million won limit,” he said.
The IRP product is a product that provides tax deduction benefits of up to 1.15 million won on the annual 7 million won payment. Team leader Han said, “It is a top priority product for office workers,” adding, “Within IRP products, various funds such as exchange-traded funds (ETFs) and target date funds (TDFs) can be managed, so long-term profits can be expected.”
Team leader Han said, “It would be nice to put up to 600,000 won per month (7 million won per year) into the IRP, but you may need marriage funds in the future, so you need to adjust the subscription amount according to your circumstances.” , it was highly recommended to subscribe to a savings-type fund with a 7 to 3 ratio of domestic stock-type funds.
“Investment with savings and savings-type funds using ISA”
Seo Sang-won, manager of the wealth management service at Woori Bank’s Wealth Management Consulting Center, also urged Kim to join the housing subscription savings account as soon as possible.
Team leader Seo said, “This year, too, the first-priority strategy for home-buying homeowners is housing subscription savings.” emphasized.
Mr. Kim’s 2 million won (US$2,600) worth of extra money per month was advised to be used in this way.
Team leader Seo said, “It is recommended that you sign up for a housing subscription total savings of around 200,000 won per month to prepare your own house.”
It is followed by an IRP with the greatest tax credit benefit and at the same time preparing funds for retirement, a pension savings fund (payment limit of 18 million won per year, tax deduction maximum of 7 million won per year), and an ISA (tax-exempt or separate taxation benefit for the rest of the funds) 20 million won per year), it is recommended to invest in savings and savings-type funds together. Because the IRP and the pension savings fund combine the payment limit and the tax credit limit, the two accounts can be combined to contribute up to 18 million won a year. In addition, tax credit benefits are up to a maximum of 700,000 won.
In addition, team leader Seo said, “For a deposit of 20 million won in a savings bank, we recommend that you carefully compare the interest rates at maturity and consider signing up for an investment product that suits your investment propensity.” It is good to roll a large amount of money with a stable deposit, but the low interest rate situation means that it is necessary to pay attention to investment products such as funds.
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