You can sign up for the “Youth Hope Savings” receipt, which expires next month from the 25th of this month, by linking it to the “Youth Leap Account.” If you make a temporary payment, it is considered that the monthly payment will be converted to the monthly amount selected by the subscriber, and no new additional payment can be made during this period. 청년도약계좌 일시납입 신청
On the 18th, the Financial Services Commission announced how to operate such a young leap account.
The Youth Leap Account is a policy financial product promoted to support the formation of mid- to long-term assets for young people, and if they pay freely within the limit of 700,000 won per month, the government will provide up to 24,000 won per month. The Financial Services Commission estimated that if the amount of the youth hope installment savings is temporarily paid into the youth leap account, the profit to be earned at maturity is up to 8.56 million won, which is 2.67 times higher than the expected profit of general installment savings products.jasminevista.com
The system will also partially be improved. It has allowed parental leave people to join, and plans to allow them to make a temporary payment of the maturity receipt of the leaping account into the “Youth Housing Dream Subscription Account” of the Ministry of Land, Infrastructure and Transport, which will be newly established this year. The government plans to add marriage and childbirth to the special reason for termination of termination, and apply tax exemption to youth who have maintained their subscription for more than three years. 
In addition, questions and answers about the improvement of the system and how to subscribe to the youth hope installment savings account.
Q. What are the requirements if a person who has expired youth hope installment savings subscribes to a youth leap account by making a temporary payment?
The same conditions for joining the youth leap account must be met. Among young people under the age of 19-34, the total salary must be 75 million won (comprehensive income of 48 million won) or less, and the household income must be 180% or less of the standard median income. However, only non-taxation applies to those with a total salary of more than 60 million won and less than 75 million won (comprehensive income of 63 million won).
Q. Is it only possible for young people to make a temporary payment into a youth leap account?
That’s right. Only young people who meet the requirements to join the youth leap account can make temporary payments while receiving maturity receipts by maintaining and canceling the youth hope installment savings until maturity. However, the schedule related to the connection will be operated from the 25th of this month for those who are expected to maturity the youth hope installment so that they can immediately open a youth leap account and make temporary payments when the youth hope installment expires.
Q. How can I make a temporary payment into a youth leap account.
You must apply for membership by the end of the next month of the month in which the maturity date of the youth hope installment savings falls. For example, you must sign up for a youth leap account by March 31 if the maturity date of the youth hope installment savings is February 22, and by April 30 if it is March 4.
In the case of ‘scheduled persons’ due to the youth hope installment savings account, they can open a youth leap account immediately after the maturity date of the youth hope installment savings account if they apply during the ‘linked subscription application period’ from the 25th of this month to February 16th. In March, it is also possible for those who have matured the youth hope installment savings to apply for membership in a youth leap account and for temporary payment. The March schedule will be separately announced later.
The amount that can be paid temporarily is from a minimum of 2 million won to the amount received as the maximum youth wish installment savings maturity receipt. The temporary payment is considered to be converted and paid monthly as the ‘monthly set amount’ selected by the subscriber. The monthly set amount can be selected from 400,000 won, 500,000 won, 600,000 won, and 700,000 won. The temporary payment amount should be set as a multiple of the monthly set salary. The monthly set amount cannot be changed after the opening of the youth leap account.
Q. Is it okay for the bank to join the youth hope savings account and the bank to join the youth leap account differently?
That’s right. Even if you are not a bank that has subscribed to the Youth Hope Savings, you can select one of the banks that handle the youth leap account (company, Nonghyup, Shinhan, Woori, Hana, Kookmin, Daegu, Busan, Gyeongnam, Gwangju, and Jeonbuk banks). You can apply for membership non-face-to-face through the bank’s application.
Q. If the monthly set amount is 400,000 won after making a temporary payment into the youth leap account, can I make an additional 300,000 won payment during the temporary payment conversion period?
No. When making a temporary payment, it is considered that the temporary payment is converted into a monthly payment set amount selected by the subscriber. New payments are restricted during the temporary payment conversion period (the number of months corresponding to the ‘÷ monthly set amount of temporary payment’).
Q. If I make a temporary payment into a youth leap account, will the maturity be shortened by the ‘temporary payment conversion period’?
No, the expiration date of the youth leap account is the same as 5 years (60 months) regardless of temporary payment. New payments can be made within the limit of 700,000 won per month after the “temporary payment conversion period” has elapsed.
Q. What happens to the government’s contribution if you make a temporary payment into a youth leap account and cancel it in the middle?
If the youth leap account is terminated in the middle, the government contribution paid will be recovered, so the government contribution paid in a lump sum will also be fully recovered. However, if it falls under the enforcement ordinance of the Restriction of Special Taxation Act, the government contribution paid in a lump sum will be calculated based on the month in which the date of termination falls, and if necessary, it will be partially recovered.
Q. If income and parental leave benefits are combined during the standard taxable period, is the subscription determined based on the total amount?
No. If income (taxable income) and parental leave benefits or parental leave allowances are together during the standard taxable period, it is checked whether the subscription requirements are satisfied only with income (taxable income). If there is no income (taxable income) during the standard taxable period and only parental leave benefits or parental leave allowances, it is checked whether or not to subscribe based on parental leave benefits or parental leave allowances.
In addition, if income (taxable income) and parental leave benefits or parental leave allowances are combined during the standard taxable period, the government contribution matching ratio is judged only by income (taxable income).