NH Bank has introduced a specialized trust product aimed at assisting disabled customers with asset management and financial stability. This product is designed to support long-term asset protection and economic independence in response to social changes, such as the increasing number of single-person households among the disabled.
On July 10, NH Bank announced the launch of the 'NH All Wonderful Disability Trust,' a product tailored for individuals with disabilities as defined by inheritance and gift tax laws. The minimum investment amount is 5 million won, with a maximum of 500 million won. Customers who meet the relevant criteria can benefit from a gift tax exemption of up to 500 million won.
The trust also enhances the convenience of fund utilization for individuals with severe disabilities. Withdrawals of principal for purposes such as medical expenses, special education costs, and monthly living expenses of up to 1.5 million won can be made without incurring gift tax.
NH Bank plans to offer customized tax and asset consulting services to customers who enroll in the product. Additionally, it will provide braille contracts and voice guidance services for visually impaired customers. This initiative aims to improve financial accessibility for disabled customers and strengthen inclusive finance for marginalized groups.
A representative from NH Bank stated, "As the number of disabled children and single-person households among the disabled increases, there is a growing demand for financial products that ensure long-term asset protection and financial stability. We will continue to expand specialized financial products and services that support economic independence for marginalized groups."
* This article has been translated by AI.
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