If you are a sole proprietor, you are looking for a Yellow Umbrella Deduction that supports individual entrepreneurs to raise money and prepare for retirement. In order to apply for and join the Yellow Umbrella, we will find out what conditions and targets apply, what benefits are provided, and the documents required for joining and how to sign up.
※ index
⊙ 1. Join the Yellow Umbrella
Notes on joining the Yellow Umbrella Deduction
⊙ 2. Conditions for joining the yellow umbrella
· Eligible to join the Yellow Umbrella Deduction
· Yellow Umbrella Deduction Amount
Benefits of joining the Yellow Umbrella Deduction
⊙ 3. How to sign up for Yellow Umbrella
· Required documents for yellow umbrella deduction
How to join the Yellow Umbrella Deduction
Source: Minom2.tistory.com
Join the yellow umbrella deduction
▶ Cautions when signing up for Yellow Umbrella
The Yellow Umbrella Deduction is a system with various benefits such as income deduction, deductible protection, and high interest rates, but it is not possible to freely use the money, and if you cancel the business in the middle, not for a justifiable reason, you must spit out all the benefits you have received. In other words, it is a good idea to consider when signing up because you may not see any benefits and only risk being tied up with a large amount of money.
Find out about the yellow umbrella benefits
Learn about the disadvantages of canceling the yellow umbrella 노란우산공제 가입조건
Find out how to unlock the yellow umbrella 좋은뉴스
Yellow Umbrella Membership Conditions
▶ Eligible to join the Yellow Umbrella Deduction
You can join the Yellow Umbrella Deduction if the operating business is a small business or a sole proprietor or a representative of a corporation that is included in the scope of ideological accreditation. However, if you are a representative of a non-profit corporation and are subject to membership restrictions, you will not be able to join. The scope of small businesses and small business owners in the Yellow Umbrella Mutual Aid is a person whose average annual sales by industry is between 1 billion won and 12 billion won.
Average annual sales by industry
Manufacturing (15 such as medical substances and medicines)
12 billion won or less
Electricity/Gas/Water business
Manufacturing (9 products including pumps, paper, and paper products), mining, construction, transportation
8 billion won or less
Agriculture, Sales and Fisheries, Finance, and Insurance
Publication/Video/Information Service
5 billion won or less
wholesale and retail
Professional/Science/Technical Service/Business Service
3 billion won or less
Sewage/waste treatment business, arts/sports/leisure service, real estate rental business
Bodon, Social Welfare Plus
less than 1 billion won
Personal service business, education service business, lodging/restaurant business
The conditions for joining the Yellow Umbrella are divided according to the average annual sales of the business place. In the case of restaurants and lodging businesses, where the proportion of small business owners is the highest, only 1 billion won in annual sales can be subscribed, and those who operate marts and supermarkets can register up to 5 billion won. . However, please note that registration is restricted regardless of the reason for general entertainment branches, dance halls, and gambling centers regardless of annual sales.
▶ Subscription amount
The subscription amount of the Yellow Umbrella Deduction is based on the monthly payment, and the monthly payment amount ranges from 50,000 won to 1 million won, and within this range, you can freely choose and pay in 10,000 won increments. Payment can be made in monthly or quarterly payments, and automatic transfers are often made to a designated deposit account in the name of the subscriber.
※ Notice 1. Both monthly and quarterly payments are possible, and payments can only be made by direct debit from the designated account in the member’s name.2. Account transfer is not possible.
▶ Membership benefits
The Yellow Umbrella Deduction is not only an income deduction, but also various other benefits. It will be of great help to you to use the Yellow Umbrella Deduction if you know what benefits and how much benefits you receive.
Learn about the benefits of joining the Yellow Umbrella Deduction
How to join
▶ Required documents
In order to join the Yellow Umbrella Deduction, several preparation documents are required. This varies slightly depending on the type of business operator, but the commonly required document is an application form. Business registration certificate, sales confirmation, confirmation of non-application of business closure, and subscription form can be downloaded from the Yellow Umbrella Deduction website.
division
Required documents
sole proprietor
Subscription form, business registration certificate, VAT standard certificate,
corporation business
Subscription form, business registration certificate, certified copy of corporate registration, business financial statement or VAT standard certificate
freelancer
Subscription form, withholding tax receipt, confirmation of non-application of unregistered small business closure
※ Note If you wish to withdraw from the yellow umbrella deduction, you can cancel the contract within 30 days from the date of subscription, and the amount paid will be fully refunded.
▶ How to join
There are four main ways to join the Yellow Umbrella Mutual Aid: visit a bank branch, a professional mutual aid counselor, join the Internet, and visit the Korea Federation of Small and Medium Enterprises. You can use any of these methods that are convenient for you, but most of the small business owners sign up through a bank branch or the Internet.
Visit a bank branch
division
bank type
handling bank
National, Corporate, Nonghyup, Shinhan, Woori, Hana, Gyeongnam, Gwangju, Daegu, Busan, Jeonbuk, Jeju, Postal Service Headquarters, Saemaul Geumgo Federation, Suhyup Federation
You can sign up for Yellow Umbrella at a nearby bank branch, but it may not be possible for some banks, such as second financial institutions. In this case, using the first financial institution is one way.
Use of a deduction counselor
A professional mutual aid consultant will personally visit you and guide you in detail about the yellow umbrella registration procedure and method.
[1666-9988 Small and Medium Business Yellow Umbrella Deduction Consultation Call Center]
Internet subscription
You can sign up for the Yellow Umbrella Mutual Aid website by accessing the website. After preparing the required documents, you can apply for membership. The application process is as follows.
Access the Yellow Umbrella Mutual Aid website
Register and log in
Enter customer information and agreement to terms and conditions
Enter business information (business registration number, opening date, business type, number of workers, business address)
Attach the documents to be submitted (business registration certificate, value-added tax standard certificate, standard tax table certificate, etc.)
Select payment method
Apply for the Hope Incentive
Agree to terms and conditions and check customer information
Application completed
Visit to the Korea Federation of SMEs
You can join by visiting the nearest office, such as the headquarters of the Korea Federation of Small and Medium Enterprises, regional headquarters, and branch offices.