My brother is going to leave for permanent residence in Germany. What will happen to his retirement savings??
In accordance with the provisions of the Law of the Republic of Kazakhstan On Pension Provision in the Republic of Kazakhstan, those who have left for permanent residence outside the Republic of Kazakhstan (hereinafter referred to as permanent residence outside RK) foreigners and stateless persons who have pension savings in the UAPF, who submitted documents specified by the legislation of the RK, confirming the fact of departure.
In turn, departure for permanent residence outside the Republic of Kazakhstan is carried out after registration of documents for departure by the internal affairs bodies.
Compliance with this legislative requirement is necessary for the person who left for permanent residence outside the Republic of Kazakhstan to fulfill all obligations to the Republic of Kazakhstan and its citizens for debts, loans, alimony and other obligations, if any.
Pension benefits from the UAPF to foreigners and stateless persons who have left for permanent residence outside the Republic of Kazakhstan are paid at a time within 10 working days from the date of receipt or receipt of documents by the UAPF.
The list of required documents, depending on the method of their submission to the UAPF (in person / through postal services / a third party), the requirements for their execution, as well as application forms and samples of their completion, depending on the type of payment currency, samples of powers of attorney can be found here on our website.
In addition, the completed package of documents can be sent to the UAPF for a preliminary check using the electronic service "Preliminary check of documents for benefit" on the UAPF website.
Please note that payments of pension savings are made only to the beneficiary’s bank account and can be requested by the beneficiary in any of the following currencies: tenge, Russian rubles, euros, US dollars or pounds sterling.