Tax

Tax-Free Comprehensive Savings (Basic Pension Recipients Aged 65 or Older, Persons with Disabilities, Persons of National Merit) (비과세종합저축): How to Apply, Amount & Eligibility (2026)

Income tax exemption on deposit and savings interest and dividends up to KRW 50,000,000 per person (until Dec 31, 2028)

This page is a translation of the Korean original and is for reference only. The official Korean guidance is the authoritative source for amounts and conditions, so be sure to confirm on the official website before applying. View Korean original (한국어)

Benefit: Income tax exemption on interest and dividend income from savings held by persons of national merit, persons with disabilities and others, and by Basic Pension (기초연금) recipients aged 65 or older. The 2025 tax amendment extended the application deadline to Dec 31, 2028 and narrowed the group aged 65 or older to Basic Pension recipients. The limit is KRW 50,000,000 principal per person (Restriction of Special Taxation Act).
Who is eligible: Persons of national merit, persons with disabilities and others, and Basic Pension recipients aged 65 or older
When to apply: Year-round enrollment
How to apply: Enroll in tax-free comprehensive savings at a bank or mutual finance branch, with proof such as Basic Pension receipt
Important notes: Accounts opened by Dec 31, 2028
Note: Adjusted so that general residents aged 65 or older are excluded (check with the financial institution for the date the amendment takes effect). The KRW 50,000,000 limit has not been confirmed in the text of the law (official confirmation needed).

Go to the official guide →

Based on official sources as of 2026년 10월. Amounts and requirements may change, so please confirm with the official guide before applying.

Frequently asked questions

Tax-Free Comprehensive Savings (Basic Pension Recipients Aged 65 or Older, Persons with Disabilities, Persons of National Merit) (비과세종합저축): who can receive it?

Persons of national merit, persons with disabilities and others, and Basic Pension recipients aged 65 or older

Tax-Free Comprehensive Savings (Basic Pension Recipients Aged 65 or Older, Persons with Disabilities, Persons of National Merit) (비과세종합저축): how do I apply?

Enroll in tax-free comprehensive savings at a bank or mutual finance branch, with proof such as Basic Pension receipt

Tax-Free Comprehensive Savings (Basic Pension Recipients Aged 65 or Older, Persons with Disabilities, Persons of National Merit) (비과세종합저축): how much will I receive?

Income tax exemption on interest and dividend income from savings held by persons of national merit, persons with disabilities and others, and by Basic Pension (기초연금) recipients aged 65 or older. The 2025 tax amendment extended the application deadline to Dec 31, 2028 and narrowed the group aged 65 or older to Basic Pension recipients. The limit is KRW 50,000,000 principal per person (Restriction of Special Taxation Act).

Tax-Free Comprehensive Savings (Basic Pension Recipients Aged 65 or Older, Persons with Disabilities, Persons of National Merit) (비과세종합저축): when can I apply?

Year-round enrollment