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    HomeRussiaFrom January 1, 2024, a long-term savings program will start working in...

    From January 1, 2024, a long-term savings program will start working in Russia

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    Russian President Vladimir Putin signed a law on the launch of a long-term savings program. The corresponding document is posted on the portal for the publication of legal acts.

    The project is aimed at stimulating the investment activity of Russians.

    “A simple and interesting financial product for citizens, the replenishment of which, with stimulating financial support from the state, is possible both at the expense of personal funds and at the expense of pension savings formed in their favor in the system of compulsory pension insurance,” the authors note in the explanatory note. note.

    The State Duma Committee on the Financial Market presented the version of the government bill finalized for the second reading on June 26.

    Program conditions

    The program will start working from January 1, 2024. You can participate in it from the age of 18: alone or in favor of a third party. Pensions, materkapital, taxes: what changes can happen in Russia The Ministry of Labor proposed to raise pensions not once, but twice a year. This two-time indexing is planned… June 27 12:00

    Everyone who wishes must conclude a special agreement with a non-state pension fund, and then pay savings contributions. The state will co-finance the program: if you earn up to 80,000 rubles a month, co-financing will be calculated on a 1:1 basis, if you earn up to 150,000 rubles – 1:2, if you earn more than this amount – 1:4.

    The Fund will start making payments when certain grounds occur. Tranches can be both for life and urgent (but not less than 10 years). The participant will receive the right to payment only after 15 years or upon reaching a certain age (60 years for men, 55 years for women).

    Before the deadline, money can only be withdrawn in special life situations. For example, to pay for treatment or in case of loss of a breadwinner. In the event of the participant’s death, the payment will be received by his heirs.

    High profitability and control

    Finance Minister Anton Siluanov said that the profitability of using such instruments in the medium term is higher than on conventional deposits.

    The investment procedure will be under the full control of the state, the minister emphasized.

    Long-term savings will be insured by analogy with bank deposits, but for twice the amount – 2.8 million rubles.

    In addition, investors who have made a contribution of up to 400 thousand rubles a year will be able to receive a tax deduction – up to 52 thousand rubles.

    Financial cushion

    Prime Minister Mikhail Mishustin believes that the new program will give Russians the opportunity to receive additional income in the future and form a financial “airbag”.

    The Prime Minister specified that under the new program “a person will be able to conclude an agreement with a non-state pension fund, transfer previously formed pension savings to it for further investment, or transfer individual contributions.”

    “The state will co-finance these funds during the first three years, that is, add up to 36 thousand rubles a year,” the prime minister emphasized at a meeting of the cabinet of ministers.

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