Check the General ISA Contract Period and Deposit Limit After the Revised ISA Reform Plan

What changed between the original proposal and the finalized government plan?

According to the Ministry of Finance and Economy press release, after the August 3 announcement the government went through inter-ministry consultation and advance notice of legislation, and finalized its plan at the Vice Ministers' Meeting on August 27 and the Cabinet meeting on September 1. The ISA items changed along the way. Compare them in the table first.

Source: Ministry of Finance and Economy press release, date checked 2026-10-11. The press release describes the current system as a 3-year minimum, no cap on the maximum contract period, carryover of unused limit allowed, and no sunset date.

What are the terms of the new productive finance ISA?

The productive finance ISA is a new account created in this reform plan. Based on the revised plan in the press release:

• The contract period is at least 3 years, with no cap on the maximum period.
• The deposit limit is 20 million won a year and 200 million won in total.
• Unused portions of the annual deposit limit can be carried over.
• There is no sunset date. The contract period, carryover, and sunset are described as the same as the current general ISA.
• The tax exemption special provision for interest and dividend income applies.

The original proposal had a 10-year total on an initial 3-year contract, no carryover, and a sunset of December 31, 2029. The revised plan loosens the period, carryover, and sunset terms to match the general ISA. The press release gives supporting the public's asset building and invigorating the domestic capital market as the reason for the revision.

Can you hold a youth-type ISA and the Youth Future Savings account together?

The revised plan changes this to allowed. Under the original proposal you could not hold a youth-type ISA and the Youth Future Savings account together, but the government plan permits dual enrollment.

The youth type gives young enrollees below a certain income an extra income deduction of 10% of their deposits. However, the press release does not state age or income criteria. Whether you qualify is something to confirm with a financial company or National Tax Service guidance after the bill is settled.

How should you write it into your savings plan?

Right now this is a bill to be submitted to the National Assembly, not law. The press release says 11 tax law amendment bills would be submitted to the National Assembly by September 3 and reviewed in the regular session. So in your plan, separate things like this.

1. For the general ISA you already use, write down the current terms as they are.
2. For the productive finance ISA, mark it "bill stage" until a start date is set.
3. Do not put the youth-type deduction amount in the income column until eligibility and criteria are confirmed.

Tax calculations and income deduction decisions differ from person to person, so it is safer to check separately with the National Tax Service call center at 126 or Hometax guidance.

What should you check next?

When the National Assembly review concludes, look first at the final text of the relevant articles of the Restriction of Special Taxation Act. You can see at once whether the contract period, deposit limit, and youth-type eligibility criteria match the press release. After that, look at the financial companies' notices for the enrollment start date and which companies offer it.

The reference material is the Ministry of Finance and Economy press release (2026-09-01), and the date checked is 2026-10-11.