{"id":336,"date":"2025-07-09T06:28:38","date_gmt":"2025-07-09T06:28:38","guid":{"rendered":"https:\/\/seoulfuldays.com\/?p=336"},"modified":"2025-08-21T00:37:36","modified_gmt":"2025-08-21T00:37:36","slug":"youth-leap-account-guide","status":"publish","type":"post","link":"https:\/\/seoulfuldays.com\/en\/youth-leap-account-guide\/","title":{"rendered":"2025 Youth Leap Account Guide"},"content":{"rendered":"

Hello everyone, this is Jay, your lazy office worker.
In this era of low interest rates from banks, it's difficult to save money with regular savings accounts.
So, I brought some news that will help young people with a stable income save.
This is the Youth Leap Account.
The Youth Leap Account is a product created by the government to help the 2030 generation easily start building their assets.
In this session, I have written an article as a guide for opening a Youth Leap Account, explaining its significance and target audience.<\/p>\n\n\n\n

The text below is my membership application Based on Shinhan Bank<\/mark><\/strong>did.
The different content for each bank is in the title *<\/mark>and content Each bank is different.<\/mark>I will write it down as.<\/strong><\/p>\n\n\n\n

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Membership Eligibility<\/strong><\/div><\/summary>
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item<\/th>Standard<\/th><\/tr><\/thead>
Age<\/strong><\/td>Based on the date of registration Aged 19 to 34<\/strong>(Born between 1991 and 2006)
\u203b Military service can be deducted up to a maximum of 6 years \u203b<\/td><\/tr>
Personal income requirements<\/strong><\/td>The previous year (2024) Total salary \u2264 75 million won<\/strong>
or the previous (2024) tax period Comprehensive income amount \u2264 63 million won<\/strong><\/td><\/tr>
Household income requirement<\/strong><\/td>The previous (2024 tax year) Household income is at or below 250% of the median income.<\/strong><\/td><\/tr>
other<\/strong><\/td>A person who has not been subject to comprehensive taxation on financial income at least once in the last three tax periods.<\/td><\/tr><\/tbody><\/table><\/figure>\n<\/div><\/details>\n\n\n\n
Product structure<\/strong><\/div><\/summary>
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Division<\/th>Content<\/th><\/tr><\/thead>
Product type<\/strong><\/td>Regular installment savings \u00b7 Free savings plan<\/td><\/tr>
Contract period<\/strong><\/td>60 months (5 years)<\/strong><\/td><\/tr>
Payment limit<\/strong><\/td>1,000 won per month, Up to 700,000 won<\/strong> (up to 8.4 million won per year)<\/td><\/tr>
Government support<\/strong><\/td>Government contribution\u2160\u00b7\u2161<\/strong> + All interest income is tax-exempt.<\/strong><\/td><\/tr>
Sales period<\/strong><\/td>2023.07 ~ 2025.12<\/td><\/tr><\/tbody><\/table><\/figure>\n<\/div><\/details>\n\n\n\n
Government Contribution Calculation Table<\/strong><\/div><\/summary>
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3-1) Total salary<\/strong> Standard<\/h4>\n\n\n\n
Total salary<\/th>Contribution I<\/strong> Reference price<\/th>Payment rate<\/th>Contribution II<\/strong> Reference price<\/th>Payment rate<\/th><\/tr><\/thead>
Less than 24 million won<\/td>The smaller amount between the monthly principal payment and 400,000 won.<\/td>6 %<\/strong><\/td>Amount exceeding 400,000 won<\/td>3 %<\/strong><\/td><\/tr>
24 million to 36 million won<\/td>\u3003 500,000 won<\/td>4.6 %<\/td>Amount exceeding 500,000 won<\/td>3 %<\/td><\/tr>
36 million to 48 million won<\/td>\u3003 600,000 won<\/td>3.7 %<\/td>Amount exceeding 600,000 won<\/td>3 %<\/td><\/tr>
48 million to 60 million won<\/td>\u3003 700,000 won<\/td>3.0 %<\/td>Amount exceeding 700,000 won<\/td>\u2013<\/td><\/tr>
\u2265 60 million won<\/td>Not paid<\/td>\u2013<\/td>\u2013<\/td>\u2013<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

3-2) Total income<\/strong> Standard<\/h4>\n\n\n\n

Calculation tips<\/strong> Contribution I is 'monthly principal payment vs reference amount'. Smaller amount \u00d7 rate<\/strong>Contribution II is Excess amount \u00d7 3%<\/strong>(in bulk.)<\/p>\n\n\n\n

Total income<\/th>Contribution I<\/strong> Reference price<\/th>Payment rate<\/th>Contribution II<\/strong> Reference price<\/th>Payment rate<\/th><\/tr><\/thead>
Less than 16 million won<\/td>The smaller amount between the monthly principal payment and 400,000 won.<\/td>6 %<\/strong><\/td>Amount exceeding 400,000 won<\/td>3 %<\/strong><\/td><\/tr>
16 million to 26 million won<\/td>\u3003 500,000 won<\/td>4.6 %<\/td>Amount exceeding 500,000 won<\/td>3 %<\/td><\/tr>
26 million to 36 million won<\/td>\u3003 600,000 won<\/td>3.7 %<\/td>Amount exceeding 600,000 won<\/td>3 %<\/td><\/tr>
36 million to 48 million won<\/td>\u3003 700,000 won<\/td>3.0 %<\/td>Amount exceeding 700,000 won<\/td>\u2013<\/td><\/tr>
\u2265 48 million won<\/td>Not paid<\/td>\u2013<\/td>\u2013<\/td>\u2013<\/td><\/tr><\/tbody><\/table><\/figure>\n<\/div><\/details>\n\n\n\n
Interest rate system<\/strong> *<\/strong><\/div><\/summary>
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Division<\/th>Interest rate (pre-tax)<\/th>Remarks<\/th><\/tr><\/thead>
base interest rate<\/strong><\/td>Annual 4.5 %<\/strong><\/td>Announcement of the subscription date interest rate \u2192 3 years fixed \u00b7 2 years variable<\/strong><\/td><\/tr>
Preferential interest rate<\/strong><\/td>Up to 1.5% per year<\/strong><\/td>Lump sum payment upon termination of maturity<\/td><\/tr>
maximum interest rate<\/strong><\/td>Annual 6.0% = 4.5 + 1.5<\/strong><\/td>When all preferential conditions are met<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

4-1) Details of preferential treatment items (example with Shinhan Bank, varies by bank)<\/h4>\n\n\n\n
item<\/th>Condition<\/th>Preference<\/th><\/tr><\/thead>
Income + Preference<\/strong><\/td>Previous year's total salary \u2264 24 million won (total income \u2264 16 million won)<\/td>0.50 %<\/strong><\/td><\/tr>
Salary transfer<\/strong><\/td>Shinhan Bank account Over 30 months<\/strong> Salary deposit<\/td>0.30 %<\/td><\/tr>
Card performance<\/strong><\/td>From the same account Over 30 months<\/strong> Shinhan Card payment<\/td>0.30 %<\/td><\/tr>
First transaction<\/strong><\/td>No Shinhan Bank savings, deposits, or subscription products in the last year.<\/td>0.40 %<\/td><\/tr><\/tbody><\/table><\/figure>\n<\/div><\/details>\n\n\n\n
Interest after maturity<\/strong> *<\/strong> (varies by bank)<\/div><\/summary>
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Elapsed time<\/th>applicable interest rate<\/th><\/tr><\/thead>
Within 1 month<\/strong><\/td>Interest rate of the fixed term deposit at maturity \u00d7 \u00bd (minimum 0.10 %)<\/td><\/tr>
More than 1 month ~ 6 months<\/strong><\/td>Regular savings deposit interest rate \u00d7 \u00bc (minimum 0.10 %)<\/td><\/tr>
Over 6 months<\/strong><\/td>Annual 0.10 %<\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n<\/div><\/details>\n\n\n\n
Early termination interest rate<\/strong><\/div><\/summary>
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6-1) Termination before 36 months after joining<\/h4>\n\n\n\n
Progress<\/th>Deduction rate<\/th>Application form<\/th><\/tr><\/thead>
Less than 1 month<\/strong><\/td>\u2013<\/td>Annual 0.10 %<\/strong><\/td><\/tr>
1 ~ <3 months<\/td>80 %<\/td>Base rate \u00d7 (1\u2013deduction rate) \u00d7 elapsed months\/60<\/td><\/tr>
3 to less than 6 months<\/td>70 %<\/td>\u3003<\/td><\/tr>
6 to less than 9 months<\/td>30 %<\/td>\u3003<\/td><\/tr>
9 ~ <11 months<\/td>20 %<\/td>\u3003<\/td><\/tr>
More than 11 months<\/td>10 %<\/td>\u3003<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

\u203b If the calculated value is less than 0.10%, apply 0.10%.<\/p>\n\n\n\n

6-2) 36 months have passed ~ early termination before maturity<\/h4>\n\n\n\n

\u2192 Base interest rate upon registration<\/strong> Application. Preferred interest rates, tax exemption, government contributions. Only 60% will be paid.<\/strong>.<\/p>\n<\/div><\/details>\n\n\n\n

Special early termination (100% government contribution \u00b7 tax exemption maintained)<\/strong><\/div><\/summary>
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