Korea ISA 3-Year Maturity to Pension Account Transfer: Extra ₩3M Tax Credit & ₩1.98M Refund
Author: MegaMoneyMomentum Tax Research Team
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When your Korean Individual Savings Account (ISA) reaches its mandatory 3-year holding period, withdrawing funds directly to a standard bank account wastes an extraordinary tax incentive.
Under Article 91-18 of the Restriction of Special Taxation Act, rolling over mature ISA balances into a Pension Savings or IRP account grants an extra 10% tax credit (capped at ₩3,000,000) on top of standard retirement deductions.
Continuously monitoring official announcements from the National Tax Service (NTS), Ministry of Economy and Finance, and Bank of Korea to provide fact-checked, actionable finance and living guides for global citizens.
This article is intended solely for general informational and educational purposes, compiled from official government publications (NTS, MOEF, FSS). Specific tax deductions, visa financial requirements, and loan limits may vary depending on individual circumstances. Please consult a licensed tax accountant (CPTA) or relevant financial institutions for individual advice.
