ETF unboxing examines ETF product information that is difficult for individual investors to know. youtube channel <한경 코리아마켓>You can see it in advance.
▶Reporter Suji Na
At the end of the year, there is a lot of talk about investing in pensions and enjoying tax benefits. What are the tax benefits of investing in an annuity account?
▷Cheon Ki-Hoon Team Leader
Tax deduction benefits are provided when a combined personal pension and retirement pension are put into an account up to KRW 7 million for those under the age of 50 (4 million KRW in pension savings + 3 million KRW in IRP), and 9 million KRW for those aged 50 or older (6 million KRW in pension savings + 3 million KRW in retirement pension). You can receive it.
The tax rate at which you can claim the credit depends on your income level. If your total salary is less than 55 million won, you can receive a tax credit of 16.5% and receive a tax credit of up to 1.48 million won.
▶Reporter Suji Na
Are there any other benefits besides tax deductions when investing in an annuity?
▷Cheon Ki-Hoon Team Leader
You can benefit from tax deferral. When we invest in a general account, we pay a 15.4% dividend income tax on trading gains or dividends. However, if you invest in a pension account, you can reinvest in the account without taking dividend income tax off immediately. In addition, if you receive an annuity when you retire after age 55, you can enjoy a low tax rate of 3.3 to 5.5% on the total amount as an annuity income tax.
▶Reporter Suji Na
The most worrying part when investing in a retirement pension account is the 30% safe asset. You must invest 70% in risky assets such as stocks and 30% in safe assets such as bonds. How would it be wise to fill this 30% of safe assets?
▷Cheon Ki-Hoon Team Leader
I think it is better for those with a longer payment period to choose a product with a higher proportion of stocks. Even if you increase your share of stocks now, in the long run, as the time to receive your pension approaches, you will increase your portion of safe assets, so your overall share of stocks may not be high.
It is also a good idea to choose a mix of stocks and bonds to increase stock exposure. 30% of safe assets can also include bond hybrid products with stocks of 40% or less.
▶Reporter Suji Na
The product released this time contains up to 40% of US stocks.
▷Cheon Ki-Hoon Team Leader
It is an 8% share of the top 5 U.S. companies by market capitalization. Apple Microsoft Amazon Tesla Alphabet included. Each time the market capitalization increases and decreases, the stock is replaced. This is a product that allows you to invest in 5 of the best-selling American companies by era.
▶Reporter Suji Na
What bonds did the rest hold?
▷Cheon Ki-Hoon Team Leader
It contains domestic short-term MSBs. Since 60% of domestic short-term MSBs and 40% of US stocks are included, currency diversification between the won and the dollar can be achieved in one product. Short-term MSBs were chosen to reduce the volatility of bond prices while seeking interest income.
*For more information, you can check it out through the video.
Overall= Deputy Director Seong-geun Cho
Progress= Cheon Gi-hun, Shinhan Asset Management ETF product team leader, Na Su-ji reporter
filming, editing= Kim Yun-hwa PD
design=Jiyoung Lee, Hayoung Park Designer
produce= Korea Economic Daily