Jungjingong Launches New 3-Year Maturity Product for Naeilchaeumgongje

Receive More Than Three Times Your Own Contributions Upon Maturity

The Small and Medium Business Corporation announced on the 10th that it will launch a new '3-year Tomorrow Filling Deduction' product. The newly launched product reflects the results of a preference survey conducted among deduction subscribers and subscribing companies, shortening the minimum subscription period from 5 years to 3 years. With the reduced subscription period, the burden on subscribing companies and workers is alleviated, and it is expected that more small and medium-sized enterprises and workers will subscribe.

Although the subscription period for the 3-year deduction product is shortened, tax benefits, education, and welfare benefits are maintained the same as the existing Tomorrow Filling Deduction. In particular, upon maturity, subscribing companies receive tax credits and preferential treatment in the selection evaluation for small business support projects, and workers can prepare a lump sum of at least 12.24 million KRW plus operating profits, which is more than three times their own contributions.

Jungjingong

Subscription to the 3-year Tomorrow Filling Deduction is possible after both companies and workers register as members on the Small and Medium Business Corporation's Tomorrow Filling Deduction website. Since there is a minimum payment requirement, company representatives and employees must discuss the monthly payment amount in advance.

Kang Seok-jin, Director of the Small and Medium Business Corporation, said, “We will actively support the Tomorrow Filling Deduction project not only to resolve manpower shortages in small and medium-sized enterprises through the development of more competitive products and enhancement of consumer convenience but also to ensure that excellent personnel flow into small and medium-sized enterprises and can work long-term.”

The Tomorrow Filling Deduction is a policy financial product to support long-term employment and asset formation for workers in small and medium-sized enterprises and mid-sized companies, with a total of 96,000 companies and 270,000 people subscribed from 2014 to 2024.