Informational message
New functions of the Pension Calculator
The UAPF has improved the Pension Calculator on its official website and in the mobile application, adding new functions.
The forecast pension calculator is a tool for planning a future pension and allows the user to independently calculate the estimated amount of all pension payments, including a pension due to:
state budget (basic pension and solidary (labor) pension);
10% of mandatory pension contributions paid from the income of employees in the UAPF;
5% of mandatory occupational pension contributions transferred by the employer to the UAPF in favor of employees engaged in work with harmful working conditions;
voluntary pension contributions.
The pension calculator of the UAPF has been supplemented with new functions for depositors.
Firstly, the pension calculator allows you to calculate pension payments in the event of a planned withdrawal of savings. The user can choose independently:
- the year and the desired amount of withdrawal of pension savings,
- a method of withholding individual income tax (IIT) from the withdrawal amount – at a time (in full, at the time of withdrawal of savings from the UAPF) or monthly (in equal shares, in the future when receiving pension payments from the UAPF).
Secondly, the calculator has added a calculation of the increase in payments from the UAPF for employees who have worked in hazardous and harmful industries for at least 60 months, taking into account the legally stipulated correction factor.
Thirdly, the calculator allows you to see the dynamics of pension payments in the case of the transfer of part of pension savings by the investment portfolio manager (IPM).
Recall that to calculate your pension, you need to fill in the necessary fields in the "Input data" block, such as date of birth, gender, work experience, amount of savings, and so on. If you are registered in your personal account on the website enpf.kz , then the basic data in the calculator will be filled in automatically.
The results are reflected in the "Forecast of your pension" block and include the age and date of retirement, the number of years before the exhaustion of savings (in case of receiving payments from the UAPF), the projected salary at the time of retirement and the coefficient of replacement of income with a forecast pension, as well as the dynamics of changes in the forecast pension by year in the form of a graph and tables. For workers of harmful and dangerous professions, an increasing correction factor is taken into account. If the projected amount of pension savings by reaching retirement age is sufficient to purchase a lifetime pension annuity from an insurance company, the calculator will offer to calculate this type of pension provision – annuity payments.
In order to show the user possible options for pension payments, taking into account changes in the assumptions on the level of profitability, the results are given in three scenarios – pessimistic, realistic and optimistic. In each scenario, you can see the dynamics of pension payments in case the depositor transfers part of his pension savings to the UIP.
Thus, the user can estimate the amount of his future pension and choose the most preferable one: taking into account and without taking into account the early withdrawal of pension savings for housing and (or) treatment, in the case of investing pension savings through the choice of a UIP, as well as in the case of concluding a pension annuity agreement.
The results of pension calculations are forward-looking, not a guarantee of payments. It should be borne in mind that the size of each depositor's future pension depends on his pension savings. The amount of savings is affected primarily by the amount of pension contributions, the regularity and completeness of their payment, as well as investment profitability. All calculated results of the forecast pension calculator are presented in real value terms (i.e. already taking into account the impact of inflation of the corresponding forecast period).
Video materials on the topic: https://www.youtube.com/watch?v=DB8kyrK-KPk
https://www.youtube.com/watch?v=Dg2t0Z8wZAQ
UAPF was established on August 22, 2013 on the basis of JSC "NPF "GNPF". The founder and shareholder of the UAPF is the Government of the Republic of Kazakhstan represented by the State Property and Privatization Committee of the Ministry of Finance of the Republic of Kazakhstan. The trust management of pension assets of the UAPF is carried out by the National Bank of the Republic of Kazakhstan. Since January 1, 2016, the functions of developing proposals to improve the efficiency of pension assets management have been transferred to the National Fund Management Council. In accordance with the pension legislation, the UAPF attracts mandatory pension contributions, mandatory occupational pension contributions, voluntary pension contributions, pension payments, individual accounting of pension savings and payments, provides the depositor (recipient) with information on the status of his pension savings (more on www.enpf.kz ).