“Save Up to 990,000 Won on Year-End Tax Settlement” — What Makes Toss Securities’ Pension Savings Account Different?

“Save Up to 990,000 Won on Year-End Tax Settlement” — What Makes Toss Securities’ Pension Savings Account Different?

Targeting Young Investors with Its First Tax-Saving Product

Combining Stock Accumulation and Automatic Transfers

Toss Securities has launched its first tax-saving financial product, a Pension Savings Account, marking its full-scale entry into the wealth management (WM) market.

Moving beyond its core stock brokerage business, the company aims to expand into long-term asset management. Leveraging its strength in mobile user experience (UX), Toss Securities hopes to make pension investing more accessible to people in their 20s and 30s.

According to Toss Securities, the new Pension Savings Account allows customers to contribute up to 18 million won annually. Of this amount, contributions of up to 6 million won (or 9 million won when combined with an Individual Retirement Pension, or IRP) qualify for a tax credit.

Employees with an annual salary of 55 million won or less can receive a tax credit of up to 990,000 won.

Rather than simply adding another account type, Toss Securities has focused on lowering the barriers to pension investing. The account features a Pension Savings Report, which lets users track their progress toward the tax credit limit and estimate their potential tax savings. It also provides a dedicated section displaying only domestic exchange-traded funds (ETFs) that are eligible for investment through pension accounts.

In addition, the platform supports Stock Collection, a feature that allows users to accumulate domestic ETFs one share at a time, along with automatic bank transfers to encourage consistent long-term investing habits.

Industry observers view this launch as an important step in Toss Securities’ transition from a brokerage-focused business to a comprehensive wealth management platform.

Although the company has grown rapidly through overseas stock trading, adding pension products enables it to attract long-term assets, strengthen its customer base, and increase its assets under management (AUM).

More than half of Toss Securities’ users are in their 20s and 30s, and the industry is watching closely to see whether its familiar mobile interface and simple investing experience can lower the barriers to pension investing for younger generations.

While Korea’s pension market has traditionally been dominated by people in their 40s and 50s, Toss Securities aims to create new demand by encouraging younger investors to begin building long-term wealth earlier.

A Toss Securities spokesperson said, “A Pension Savings Account is not only a way to prepare for retirement but also the first step toward long-term asset management, offering tax credits of up to 990,000 won during the year-end tax settlement. We hope it will make it easier for anyone to start investing for retirement.”