- From January 1, 2024, the pension system of Kazakhstan has been supplemented with a new component – employer’s compulsory pension contributions (ECPC). Now every employer is obliged to transfer to the UAPF, in addition to the mandatory 10 percent contributions from the employee’s income, additional contributions from their own funds in favor of their employees.
We emphasize: payment of contributions is made from the employer’s funds, but their size is calculated from the employee’s income. In 2024 it is 1.5 percent. Every year until 2028, the contribution will increase by 0.5% and in 2028 will be 5%:
• from 2024 - 1.5 percent;
• from 2025 - 2.5 percent;
• from 2026 - 3.5 percent;
• from 2027 - 4.5 percent;
• from 2028 - 5 percent.
Important point: ECPC will only be transferred for employees born after January 1, 1975. In this case, the employee’s monthly income must not be lower than the minimum wage and must not exceed 50 times the minimum wage.
For tax agents who choose to pay ECPC as part of a single payment, the ECPC share in the rate of a single payment from wages is
- from January 1, 2024 – 7.0 percent;
- from January 1, 2025 – 10.5 percent;
- from January 1, 2026 – 14.1 percent;
- from January 1, 2027 – 17.4 percent;
- from January 1, 2028 – 19.0 percent.
Let us remind you that a single payment can be used by individual entrepreneurs and legal entities that are micro and small businesses that operate under special tax regimes