I have a small company for the production of plastic windows, which employs excellent craftsmen. I would like to transfer voluntary contributions to their retirement accounts as an incentive. How to do this and will there be positive moments for me in this case?
Voluntary pension contributions can be transferred both by a depositor – an individual at the expense of his income in his favor, and by a depositor - an individual or a legal entity in favor of the recipient. The frequency of DPV is determined by the depositor independently.
At the same time, the employer, by transferring DPV in favor of his employees, receives advantages in taxation, since the DPV paid by the tax agent at his own expense in favor of the employee is deductible when calculating corporate income tax, and the amounts paid by the employer DPV in favor of the employee are not considered as employee income and are not taken into account in taxation by individual income tax.
For the employee, this will have a positive effect on increasing the amount of pension savings generated at the expense of the DPV, and, accordingly, on increasing the amount of pension payments 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 the DPV to the UAPF in favor of the applicant or a third party.
The basis for opening an individual pension account in the UAPF for the accounting of DPV is the primary DPV received by the UAPF from an individual in their favor or in favor of a third person / list of individuals submitted by agents to the UAPF when transferring DPV in the manner determined by the regulatory legal act of the authorized body.
The depositor (recipient) is considered to have joined the pension provision agreement at the expense of the DPV from the date of receipt of the amount of the DPV.
It is possible to transfer DPV through second-tier banks and branches of Kazpost JSC. Individual STBs provide the opportunity to transfer contributions online (through their mobile application or self-service terminals).
The list of persons entitled to pension payments, formed at the expense of the DPV, and the necessary package of documents for this can be found here on the UAPF website.