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s it possible to withdraw the allotted funds prematurely? Does a child have the right to receive them when moving abroad for permanent residence? What happens to the accumulations in the event of the child's death before or after the age of 18?

Before children reach the age of 18, targeted requirements and investment income will be accrued without the right to an early withdrawal. It is important to note that upon reaching adulthood, the recipient has the right to use the accumulated amount only for education or housing.
Individuals who have permanently relocated from Kazakhstan to another country lose the right to use funds from the National Fund.
In the event of the death of a child before or after the age of 18, the accumulations will be inherited according to the procedure established by the civil legislation of the Republic of Kazakhstan. The accumulations will be transferred to a bank account opened by the authorized operator for the child's heirs, who may be close relatives or legal representatives.
Дата публикации
28 ноября 2023
Дата обновления
28 ноября 2023
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