[Korea hyerin nine financial newspaper reporter] lately When I see the ISA (Individual wealth management account) comes to mind is the word gyereuk section. Gyereuk (鷄肋) is derived from the Book of the Later Han said. What is the meaning of inde ribs chicken, discard the ahkkapgo take Johnny stall writes when it is not subject to such an analogy.
The first business day of March, and the Korea Financial Investment Association has released the results of the model portfolio until the end of January ISA (MP). Cumulative yields have risen slightly compared to the end of December. The last six months, but yields declined compared to the previous month, three months plus a rate of return was converted into the first since last September. Recent strength in the domestic and international financial markets suffered the upswing is evaluated.
However, the average cumulative return since the launch of all products from March last year to date is a mere 2.08%. The average yield of the securities ISA is still one above the 2% mid, many banks an average yield of subscribers is 10 times more than the ISA securities rose 1.01%. In other words, this average yield rose shiny effect as a result has brought the share of foreign equity funds, investment rate of return of high-rise products according to international markets thanks.
Imhyeong close to one half of the total ISA product has recorded a return of less than 1%. According to the Korea Financial Investment Association, one item on imhyeong ISA 193 product yield during the last six months was not even 1% level up to 44% of the total of 85 pieces. Among them, six months or even a negative rate of return - or the product was 33 (17%) ().
Bonnie circumstances yireotda banks, securities firms will be no escape subscribers has been steadily continued. In terms waterways month securities churn a bit worse. ISA subscriber net securities closed starting from July 1 showed that lasts for seven consecutive months to the end of the month. If the bank Figures, I sungam subscribers only lasts two months, many wonak number of subscribers compared to other eopgwon scale also saw leaving many noticeable. It turned into one of the end of such a 23 759 subscribers compared to the previous month.
It is obvious why customers are outside the ISA. The attractiveness of the product itself is due to fall relative to other goods. In the UK and Japan, the introduction of the ISA system before us, there is no limit on tax-free net income. The UK is also tax-free benefit period was permanent since 2008, and Japan can benefit from up to 10 years plus a one-time extension (5 years) the opportunity to base five years. What's more is that it allows free withdrawals, and every adult can join is a big difference between domestic ISA.
Lee points not look attractive to customers that yield issues also put aside money tied rusting five years to receive a tax-free benefit for two million won. In addition, the viscosity of the nonsense put a limit on the accession housewives or retirees earned income is difficult to prove. 5 years mukhyeo put the extra money is a good customer base rather than these.
After all, the problem of saving the ISA ran over wealth and financial base. Lowering the eligibility thresholds, allow a free withdrawal and wonder two days to increase the tax benefits available to substantially limit. Industry insiders, "this layer to be subjected to tax credits solving your subscription limit neuleonaneunde, that's one side more than the thought whether revenue is much less trying simulation side is also the substrate section to decide," said, "when, what will happen improvement yet nobody knows," he said. However, dwaetgo "less tax incentives, the problem is that it should be prerequisite is a bar to empathize everyone" is saying, "is already consensus, I think ISA is that because the prize for retirement preparation might be interested in the new government deuleoseodo topics should, "he said.
FSC said it will establish a national wealth capital market conditions as part of the tobacco policy challenges. In April this year, and evaluating the performance right the first anniversary of the launch ISA and 3-4 only approximate constant commitment to promote public institutions to improve during the quarter. As they speak of the scheme covering restructuring plan for reviving the ISA when, Nobody instructive decisions in any way. Increase the tax exemption limit, or the one you do not know too much tax revenue is reduced if you determine that, public opinion be ignored if you want to improve system lowers the threshold to join.
Cr heard even when the ISA system is not considered an extreme earthquake would. This doctoral Capital Market Institute songhongseon is "policy is not to determine reported the cause and long-term situation," he said, "ISA is breaking financial full-time principle, large, because the first product to practice the financial gyeomeop in product units called financial reform the framework is a good system. This system is missing is not desirable, "he said.
But justification is both ISA falling yields and product appeal. In the third quarter of the financial year as presented above is provided with ISA dwaeseo properly, please activate the plan angil gyereuk be likened to something.
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