Youth Future Savings Calculator
Calculate government contribution and maturity amount for Youth Future Savings.
3년간 월 500,000원 납입 기준
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Overview
The Youth Future Savings Calculator estimates the maturity payout for government-supported savings products for young adults in Korea. It factors in monthly contributions, government matching contributions, and tax-free interest to calculate the exact amount you will receive at maturity. You can also compare it with similar products like the Youth Leap Account.
Formula
Maturity Payout = Principal (Monthly Contribution x Months) + Interest (4.5% annual compound) + Government Contribution Interest: Compound interest, monthly contribution basis Government Contribution: Tiered by income (up to 6% for income under KRW 24M, 3% for under KRW 36M, etc.) Example: KRW 700,000/month x 24 months, 4.5% rate, 6% govt match → Principal KRW 16.8M + Interest ~KRW 770K + Match ~KRW 1M ≈ ~KRW 18.57M
How to Use
- 1Enter your monthly contribution amount (up to KRW 700,000).
- 2Select the savings period (12 months, 24 months, etc.).
- 3Enter your annual total income (employment or business income).
- 4Click Calculate to see the breakdown of principal, interest, government contribution, and total payout at maturity.
Tips
- ✔Government contribution rates vary by income bracket — verify your exact annual income. The highest rate applies to annual incomes under KRW 24 million.
- ✔Tax-free interest benefits mean higher net payouts compared to regular savings, which deduct 15.4% tax on interest income.
- ✔The monthly contribution cap is KRW 700,000 — contributing the maximum amount maximizes government matching benefits.
- ✔Compare with the Youth Leap Account to choose the best product for your situation, as eligibility and benefits differ between the two.
FAQ
Q. Who is eligible for the Youth Future Savings?
Applicants must be aged 19-34 with annual individual income of KRW 75 million or less and household income at or below 180% of the median. Military service years are excluded from the age calculation. Check the latest government announcements for exact eligibility criteria.
Q. What happens if I withdraw early?
Early withdrawal forfeits the government contribution, and the tax-free benefit is retroactively canceled — interest becomes subject to regular taxation (15.4%). However, special early withdrawals due to force majeure, illness, or similar circumstances may preserve the benefits.
Q. Under what conditions is the government contribution paid?
The government contribution is paid at maturity if you maintain the account and meet the contribution requirements. Rates are tiered by income: up to 6% for annual income under KRW 24M, 3% for under KRW 36M, etc. You must contribute a minimum amount each month to maintain eligibility.
Q. How does this differ from the Youth Leap Account?
The Youth Leap Account has a 5-year term with up to KRW 700,000 monthly contribution and a maximum government match of KRW 24,000 per month. The Youth Future Savings has a shorter 2-year term with different income-based contribution rates. Since eligibility and benefits differ, choose based on your personal financial situation.
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