Today, we are going to learn about the yellow umbrella deduction advertised by Kim Young-chul. We have compiled information related to the Yellow Umbrella Deduction, including the conditions for joining the Yellow Umbrella Deduction, how to join, and information on eligibility for membership.
Yellow Umbrella Deduction – Membership Conditions
Yellow Umbrella Deduction – Membership Conditions
■ Table of Contents
What is Yellow Umbrella Deduction?
Conditions for joining the Yellow Umbrella Deduction
Yellow umbrella deduction benefits
How to join the yellow umbrella deduction 노란우산공제 가입조건
What is Yellow Umbrella Deduction? 좋은뉴스
| What is Yellow Umbrella Deduction?
The Yellow Umbrella Mutual Aid is a kind of public support system operated by the government and is operated by the Korea Federation of Small and Medium Businesses, a government-affiliated organization. The Yellow Umbrella Mutual Aid was created to protect business owners from threats to their livelihood when there is a problem in their business.
If you join the Yellow Umbrella Deduction, you can get a large sum of money back, like the severance pay that general employees receive when they retire, depending on the amount paid when they need to close their business because they cannot conduct business under any circumstances. In addition, it operates various welfare services and counseling services. Let’s find out about the conditions for joining the Yellow Umbrella Deduction and how to join.
Yellow Umbrella Deduction – Kim Young-cheol
Yellow Umbrella Deduction-Advertising
Yellow Umbrella Deduction – Membership Benefits
Yellow Umbrella Deduction-Benefits
Conditions for joining the Yellow Umbrella Deduction
| Conditions for joining the Yellow Umbrella Deduction
To join the Yellow Umbrella Deduction, you only need to satisfy the following conditions.
* Conditions for joining the Yellow Umbrella Deduction
Representatives of individual entrepreneurs or corporations who operate small businesses or businesses included in the scope of small business owners
The conditions for small businesses and small business owners are that the sales amount of the operating business is between KRW 1 billion and KRW 12 billion per year. Looking more specifically, 12 billion won in the manufacturing industry, 8 billion won in the electricity, gas and water industry, 8 billion won in agriculture, fishery and insurance, 5 billion won in the publishing and video industry, 5 billion won in wholesale and retail business, real estate rental business or sports and leisure business The service industry is set at 3 billion won, and the accommodation and food and beverage industries are set at 1 billion won or less.
Anyone who falls under the above categories can join the Yellow Umbrella Deduction. .
Yellow umbrella deduction benefits
| Yellow umbrella deduction benefits
If you join the Yellow Umbrella Deduction, you can get tax savings. The amount subscribed to the Yellow Umbrella Deduction is subject to income deduction and can be deducted up to 5 million won per year. In particular, it can be helpful to save tax by setting a tax base section because the installment paid to the Yellow Umbrella Deduction can be adjusted to the desired amount.
The maximum deduction limit for each member is as follows.
Business tax base Maximum income deduction limit
Individual/corporate 40 million won or less 5 million won
Individual 40 million won to 100 million won or less 3 million won
Corporate 40 million won to 100 million won or less 3 million won
Individuals exceeding 100 million won 2 million won
Another benefit of the Yellow Umbrella Deduction is a money protection function. If the operating business is in danger of going out of business due to sluggish income and poor operation, and a foreclosure comes in, the amount subscribed to the Yellow Umbrella Deduction is not subject to seizure and can be managed separately. This is because there is a legal safeguard to prevent the yellow umbrella deduction from being seized.
Personally, I think the biggest benefit of the Yellow Umbrella Deduction is compound interest on the reserve. The Yellow Umbrella Deduction allows you to set a desired amount from the minimum monthly payment of KRW 50,000 to the maximum of KRW 1 million, and all accumulated amounts paid in this way are provided with interest at an annual compound interest rate of 2.5%.
How to join the yellow umbrella deduction
| How to join the yellow umbrella deduction
In order to join the Yellow Umbrella Deduction, you can call the call center at 1666-9988 and request for a consultation after applying. In addition, you can sign up for the Yellow Umbrella Deduction directly at the nearest major commercial banks such as Kookmin Bank, Industrial Bank of Korea, Nonghyup, Shinhan Bank, and Woori Bank.
You can also directly apply for the Yellow Umbrella Deduction at the Korea Federation of Small and Medium Enterprises, an organization that operates the Yellow Umbrella Deduction. In addition, if you have an Internet environment and are proficient in the Internet, you can also sign up on the Yellow Umbrella website, so please refer to it.
If you join the Yellow Umbrella Deduction, although the amount varies by local government, you can receive a payment called the Yellow Umbrella Deduction Hope Incentive that ranges from a minimum of 120,000 won to a maximum of 600,000 won. Please refer to the post below for related information.