I have a small company producing plastic windows, which employs excellent craftsmen. I would like to transfer voluntary contributions to their pension accounts as an incentive. How to do this and will there be positive moments for me in this case?
Voluntary pension contributions (VPC) can be transferred both by a contributor - an individual at the expense of his income in his favor, and by a contributor - an individual or legal entity in favor of the beneficiary. The frequency of VPC is determined by the contributor independently.
At the same time, the employer, by transferring VPC in favor of his employees, receivestax advantages, since VPC paid by the tax agent at his own expense in favor of the employee are deductible when calculating corporate income tax, and the amount of VPC paid by the employer in favor of the employee is not are treated as employee income and are not considered for personal income tax purposes.
For the employee, this will positively affect the increase in the amount of pension savings formed at the expense of the VPC, and, accordingly, the increase in the amount of pension benefits from the UAPF. In addition, the employee has the opportunity to submit an application to the employer, on the basis of which the latter will regularly transfer VPC to the UAPF in favor of the applicant or a third party.
The basis for opening an individual pension saving account in the UAPF for accounting for VPC is the primary VPC received by the UAPF from an individual in their favor or in favor of a third party / a list of individuals submitted by agents to the UAPF when transferring VPC in the manner determined by the regulatory legal act of the authorized body.
The contributor (beneficiary) is considered to have acceded to the pension agreement at the expense of VPC from the date of receipt of the VPC amount.
You can transfer VPC through second-tier banks and branches of Kazpost JSC. Some STBs provide an opportunity to transfer contributions online (through their mobile application or self-service terminals).
The list of persons entitled to pension benefits formed at the expense of VPC, and the package of documents required for this can be found here on the UAPF website.