현행 개인종합자산관리계좌의 평가 및 조세정책적 과제

The use and effectiveness of ISA is being questioned, and the number and the size of the current ISA subscribers, which are significantly lower than expected at the time of introduction, are not playing a role as a tax system that supports the formation of wealth for the general public, not the specific class, which was the policy objective. ISA is questioned not only in the role of the general public's wealth formation, but also as a “comprehensive asset management” account with deposit-oriented asset management. There are also problems with the validity of applying dichotomous tax benefits based on the income amount of ISA subscribers and the effectiveness of tax-free tax support. In order to revitalize the ISA system, tax incentives should be expanded, but should be improved in consideration of the following issues in the future. First, in expanding ISA's tax incentives, it is necessary to specifically set the scope of the recipients of tax incentives and keep in mind to whom the actual profits will be returned through tax incentives. Second, it is necessary to clarify the mid- to long-term policy objectives of whether ISA is designed to be integrated with the pension tax system as a system to raise funds for retirement or whether it will be designed in combination with general non-taxable financial products aimed at encouraging individual savings. Third, it is necessary to consider reorganizing the ISA to design programs for each purpose, such as juniors, marriage and parenting, child marriage, and housing funding by life cycle, not by financial income taxation or income level. Lastly, if the taxation of financial products increases in the future according to the Financial Tax Advancement plan, ISA plays a role as an integrated asset management platform, because if a financial instrument subject to transfer gains is included in the ISA inclusion, transfer gains may be exempted.