The individual asset management account emerges as a promising investment vehicle in the long term

Various financial products Tax-free products that charge and invest in one account
Investment in shares allowed as of this year, housewives and teenagers can join

[시사경제신문=이재영 기자] The Individual Total Asset Management Account (ISA) is a tax-free product that allows you to invest in a variety of financial products such as deposits, savings accounts, funds, and equity-linked securities (ELS) in one account. . Provides a tax-free profit of up to 4 million won upon withdrawal of expiration by calculating profit and loss for products on the account.

The maturity can be decided autonomously by the investor in the range of 3 years or more. When the contract expires, it can be extended. Until the end of the year, the maturity was 5 years, and there was the disadvantage that the funds were immobilized for 5 years because they could not be shortened or extended. However, starting this year, maturity can be applied flexibly.

In particular, since investments in shares are allowed as of this year, it is possible to calculate the profit or loss between the shares and other products in the individual asset management account. For example, a person who earns 5 million won in other financial instruments in a comprehensive asset management personal account and loses 3 million won in stocks is not taxed as much as 2 million causes in total gain or loss. Earnings that exceed the non-taxable criteria are taxed separately at 9%.

The payment limit is 20 million won per year. However, as of this year late payments are allowed. For example, if an investor paid 10 million won in the first year of membership, in the second year, the sum of the 10 million won transferred from the previous year’s cap can be paid up to a total of 30 million won.

The membership target also extends from farmers and fishermen and earners to domestic residents over the age of 19. If you have income from work, 15-19 year olds can also join. This means that the number of enrollment goals is expanding to homemakers and youth.

The revised content will apply as of subscription, extension or termination after January 1 of this year. Consequently, beginning this year, end-to-end asset management personal accounts are expected to emerge as a promising long-term investment vehicle.

According to the Ministry of Strategy and Finance on the 4th, starting this year, the government will expand the range of asset management in comprehensive asset management private accounts to allow investments in shares listed in Korea. The government is expected to indirectly encourage long-term investment in equities through a complete reorganization of the individual asset management account.

In particular, as the government is reviewing the provision of tax incentives for long-term equity holdings, the possibility of an individual comprehensive asset management account being used as an earnings tool is also being explored. In this case, it will be possible to consider further increasing the non-taxable amount or increasing the payment limit.

Financial companies, such as banks and securities firms, are also expected to be actively involved in the composition and development of related products.

There are two types of individual asset management accounts: fiduciary type and discretionary type. The type of trust is a method in which an investor directly selects an investment product. On the other hand, the discretionary rate is a method that financial companies operate when an investor chooses a model portfolio (PM) of a financial company. In Korea, there is a large proportion of one-man hyungs.

According to the Financial Investments Association, at the end of November last year, the cumulative return of the comprehensive management of discretionary personal assets accounts was 19.83%, an increase of 3.44 percentage points over the previous month.

Copyright owner © Shisa Economic Daily Unauthorized reproduction and redistribution prohibited