KB Securities Enhances Benefits for Pension Customers During Year-End Tax Settlement Season

KB Securities announced on November 25 that it is running an event for customers holding individual retirement pension (IRP) and pension savings accounts until December 31, in line with the year-end tax settlement season.

Pension savings and IRP accounts are representative tax-saving products that must be considered at the end of every year, as they offer tax deductions of up to 6 million won and 9 million won per year, respectively. Employees with a total annual salary of 55 million won or less are eligible for a 16.5% tax deduction rate, while those earning more than 55 million won receive a 13.2% rate.

KB Securities explained that, based on an analysis of pension customer data over the past two years (2023-2024), approximately 30% of the annual net deposits into pension accounts are concentrated in the two months of November and December. Accordingly, KB Securities is actively promoting the tax deduction benefits of pension products and providing various financial services, including a net deposit (transfer) reward event, so that customers can achieve both tax savings and retirement asset growth at the same time.

Through this event, customers can receive benefits by making new deposits into their KB Securities IRP or pension savings accounts or by transferring accounts from other institutions by the end of the year. In preparation for year-end tax settlement, customers can receive up to 30,000 won in rewards for the IRP event and up to 2 million won for the pension savings event. Detailed information is available on the KB Securities website and the mobile trading system (MTS) 'KB M-able (M-able)'.

In addition, KB Securities supports real-time trading of various pension products such as exchange-traded funds (ETF), bonds, funds, REITs, and principal-guaranteed products through the MTS KB M-able (M-able). In particular, through the 'Pension Insight' screen, customers can view the status of their pension assets at a glance and easily access a variety of information helpful for pension investment. Furthermore, IRP customers can enhance long-term operational efficiency by utilizing default options designed by experts, and can receive one-on-one pension consulting services not only through branch visits but also via non-face-to-face channels.

Son Heejae, Head of Digital Business Group at KB Securities, stated, "A pension account is a core tax-saving product that should be managed during the year-end tax settlement season as well as for long-term retirement planning," adding, "We will continue to strengthen our diverse services and support so that customers can experience convenient and efficient management of their pension assets along with tax savings."