Hana Bank announced on September 9 that it has launched a dedicated product allowing individuals to directly purchase government bonds through defined contribution (DC) and individual retirement pension (IRP) accounts.
The dedicated personal investment bonds for retirement pensions are savings bonds issued by the government to support individuals in building long-term assets. By using a Hana Bank retirement pension account, customers can invest in bonds without needing a separate dedicated account.
Investors can choose from 10-year and 20-year bonds, with purchases starting at 100,000 won. If held until maturity, the bonds will earn compound interest, with an additional interest rate added to the nominal rate.
Investors can also benefit from tax advantages associated with retirement pension accounts. Taxes on interest earned from bond investments are deferred until withdrawal, potentially increasing the compound interest effect over time. After the age of 55, receiving the accumulated funds in the form of a pension will subject the income to lower pension income tax rates, reducing the tax burden.
Bonds will be issued on the 20th of each month. This month’s subscription period runs from September 9 to September 15. Subscriptions can be made at Hana Bank branches this month, and starting next month, they will also be available through the official mobile application, Hana OneQ.
A Hana Bank representative stated, "We will continue to expand our retirement pension product lineup and asset management services to meet the diverse investment preferences and retirement preparation needs of our customers."
* This article has been translated by AI.
Copyright ⓒ Aju Press All rights reserved.