The opening of accounts for the accounting of voluntary pension contributions from May 1, 2021 will be carried out automatically
From May 1, 2021, the basis for opening an individual pension account for accounting for voluntary pension contributions will be the first voluntary pension contribution received by the UAPF.
DPV can be transferred both by the depositor-an individual at the expense of his income in his favor, and by the depositor (an individual or a legal entity) in favor of the recipient. At the same time, the amount and frequency of contributions are determined by the depositor independently.
It should be noted that when a natural person pays a DPA in his own favor at the expense of his income, the tax legislation provides for a tax deduction for the amount of the DPA paid.
In addition, starting from January 1, 2021, the personal income tax paid by the tax agent (employer) at the expense of its own funds in favor of the employee is deducted when calculating corporate income tax. At the same time, the amounts paid by the employer for the employee's benefit are not taken into account when taxing the employee's income.
Thus, the employer, by implementing the DPA in favor of its employees, receives advantages in taxation, as well as an additional tool for motivating its employees. For the employee, this will have a positive impact on the increase in the amount of pension savings formed in the UAPF at the expense of the DPV and, accordingly, on the increase in the amount of pension payments from the UAPF.
Payment of DPV in the UAPF can be made through second-tier banks (STB) or JSC "Kazpost". Individual STBs provide the ability to transfer contributions online (via a mobile app or self-service terminals). In addition, it is possible to submit an application to the employer, on the basis of which the latter will regularly transfer the DPV to the UAPF in favor of the applicant or a third party.
At the same time, the identification of the individual in whose favor the DPA is made will be carried out according to the personal data (full name, IIN, date of birth) specified in the electronic format of the payment order when transferring the DPA, and all the necessary information: about the details of the current identity document of the individual, about the place of permanent residence, other information of the UAPF will be obtained from the relevant information systems of state bodies.