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Which category of citizens in the Republic of Kazakhstan falls within the scope of the "National Fund for Children" program? What is the procedure for receiving the accumulated amount?

According to the project, every child - a citizen of Kazakhstan under the age of 18, will be annually credited with 50% of the investment income of the National Fund of the Republic of Kazakhstan (hereinafter referred to as the National Fund). Upon reaching 18 years old, the participant of the project will have a targeted accumulative account (TAA) opened in the UAPF, from which funds can be used for housing and/or education through authorized operators, namely "Kazpost" and second-tier banks. After the transfer of funds to the TAA, they cease to be invested.
The UAPF will make payments of targeted accumulations in US dollars to the bank accounts of the recipients, opened with the authorized operator - "Kazpost" and second-tier banks. It is worth noting that residents of Kazakhstan who have reached the age of 18 will receive payments in tenge at the exchange rate set by the National Bank on the day of issuance.
Дата публикации
28 ноября 2023
Дата обновления
28 ноября 2023
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