The condition for joining the Yellow Umbrella Deduction is △ a business operator or freelancer △ choose and pay at least 50,000 won to 1 million won per month.
Entrepreneurs can join regardless of whether they are sole proprietors or corporations. However, in the case of freelancers, it is possible only if they are receiving business income after deducting the 3.3% withholding tax as a person obliged to file a global income tax return.
♤ Yellow Umbrella is a system in which a large amount of money is raised through monthly installments and income deduction is received. It is a government-supported public system that helps small businesses and small business owners who do not receive severance pay to secure funds in the event of closure or old age to ensure a stable life.
♤ As this is a system protected by the government, the amount paid by a business operator to the Yellow Umbrella Deduction is prohibited from seizure, transfer, or provision of collateral. You can safely keep your business’s funds until the business closes. 노란우산공제 가입조건
♤ The Yellow Umbrella Mutual Aid Fund is paying the local government’s hope incentives for new business owners. This is a method of providing a subsidy in addition to the payment of the business operator, and the amount and period of subsidy may vary depending on the budget of the local government. If the budget is exhausted, the support may close early, so it is necessary to check before joining. 좋은뉴스
♤ [Yellow Umbrella Deduction Hope Incentive/Amount Supported by Region]
♤ Yellow Umbrella Mutual Aid supports 2.7% of annual compound interest to raise money for business owners. Since it is compound interest rather than simple interest, the interest effect is high, and thus a large amount of funds can be secured when the business is closed.
If you are a business looking for a tax saving strategy, it is good to join the Yellow Umbrella Deduction.
♤ This is because the yellow umbrella supports income deduction up to 5 million won per year. The limit of income deduction is determined by the tax base of the business operator, and the lower the income, the higher the limit.
♤ [Yellow Umbrella Deduction Tax Base/Income Deduction Example Table]
♤ The Yellow Umbrella Deduction supports financing services within the installment amount.
If you need money while running a business, you can get a loan through the amount you have attached to the yellow umbrella.
◐ Fund loan & income deduction all at once
[Yellow Umbrella Deduction]
▶ Learn more about the Yellow Umbrella Deduction (Click)
The limit is the amount of installment by the business operator, so it is advisable to set up a sufficient amount in advance.
In addition, Yellow Umbrella provides welfare services for business owners.
♤ This welfare service, called ‘welfare plus’, includes a variety of benefits such as accident insurance subscription, funeral service and wedding service support, management consulting support, recreation facility support, health checkup support, and welfare mall.
◇ Examples of industries participating in the Yellow Umbrella Deduction
Product agency sales, specialized construction subcontracting business, industrial machinery equipment business, waste transportation business, ceramics manufacturing business, skin beauty business, cleaning agency business, excavating business, media service business, English school, food and lodging business, sports facility business, gas station, optical shop, clothing store, freight transportation All industries such as agency business, painting construction business, rest restaurant business, building management business, etc. can be joined
◇ Yellow Umbrella Mutual Freelancer Subscription Industry Example
Celebrity group affiliate, webtoon writer, water purifier check, Coway Cody, rental, headhunter, telemarketer, various dealers, video English teacher, consulting, architectural manpower, sales, delivery, visiting medical care, installment brokerage, speech therapist, technology provision service, hairdresser All freelancers who file annual business income tax returns when filing global income tax returns with the National Tax Service, such as school instructors, etc.
▣ If you need operating funds for your business
[Small and Medium Business Mutual Fund]
▶More details on the types of funds for the Small and Medium Business Mutual Aid Fund (click)
The Small and Medium Enterprise Mutual Aid Fund is a government-supported public system, and is a financing support system that raises operating funds for business sites. Businesses make monthly installments to the mutual aid fund, and if they need money, they can use the funds through the business installation amount and government contributions.
◐ [Small and Medium Business Mutual Fund/Fund Type and Limit Table]
Even without collateral, you can receive up to 7 times the total amount of the installment, so it is good for businesses without collateral. If you are concerned about the interest on the raised funds, you can also receive interest support from the local government, thereby reducing the interest burden.
◇ Examples of businesses joining the Small and Medium Business Mutual Fund
Sewing manufacturing business, store distribution business, manufacturing business in all fields, metal welding processing business, manufacturing business in all fields, makeup, nail, resting place, dental clinic, landscaping construction business, cargo transportation arrangement business, steel structure installation business, 24-hour convenience store, sports business, parts processing business , logistics business, computer operation related service business, postpartum care center, solar power generation business, etc.
▶ The Korea Federation of Small and Medium Enterprises, a non-profit corporation, is operating the Yellow Umbrella Mutual Aid Fund and the Small and Medium Business Mutual Aid Fund. If you join the two funds together, you get preferential benefits. Yellow umbrella-linked preferential loans are supported up to a maximum of KRW 20 million, and interest rates are discounted each time the mutual aid fund borrows operating funds.