2026 Youth Future Savings Account
About Youth Future Savings Account
Launching in June 2026, the Youth Future Savings Account is a revamped financial product that shortens the savings term to 3 years to help young adults accumulate lump sums with less burden.
Key Benefits
- Save up to 500,000 won monthly (3-year maturity)
- Government matching funds of 6% to 12% on total deposits
- Tax exemption on all interest income upon maturity
Eligibility
Youth aged 19-34 with an annual gross income of 75 million won or less and household income below 200% of the median can apply. Existing Youth Leap Account holders can also transfer in June.
👤 Eligibility
Aged 19-34, gross income under 75 million KRW, median income under 200%
📝 How to Apply
Online application via commercial bank apps starting June 2026
Related Policies
2026 Earned Income and Child Tax Credit Regular Application
Regular application for Earned Income and Child Tax Credit to support low-income working households by providing tax refunds based on income and property criteria.
👤 Total property of household members less than 240 million won and combined gross income less than 22M (single), 32M (single-earner), or 38M (dual-earner) won.
2026 Youth Tomorrow Savings Account
A policy that helps working youth prepare a lump sum of money by providing an additional 100,000 to 300,000 won per month from the government if they save 100,000 won every month for 3 years.
👤 Working youth aged 19-34 (15-39 for recipients) whose household recognized income is 100% or less of the standard median income.
2026 Childcare Allowance Tax Exemption Expansion
To ease the burden of childcare costs, the income tax exemption limit for childcare allowances from employers has been increased to 200,000 won per month.
👤 Workers with children under 6 receiving childcare allowances from their employer