Having decided to transfer part of your pension savings to one or more investment portfolio managers (IPMs), first of all, we recommend that you familiarize yourself with the list of existing IPMs and study their investment declarations on the enpf.kz website in the "Services" section - "Transferring part of pension savings to the trust management of the IPM".
Further, in order to transfer pension savings, the contributor needs to apply to the UAPF with an application, which can be submitted through a personal account on the enpf.kz website or in person at any regional branch of the UAPF.
When applying in person, you must present an identity card, then fill in the necessary documents, which, if necessary, will help the managers of the Fund.
When applying for a transfer to the UIP through your personal account on the enpf.kz website, you must perform the following steps.
Step one. Log in to the Personal Account on the enpf.kz website using an electronic digital signature (EDS). You can enter your personal account from the main page of the site, or in the "Electronic Services" section.
Step two. On the main page of the Personal Account, check the amount of pension savings and make sure that the amount of pension savings at the expense of the MPC and (or) MPC is available for transfer to the trust management of the PIS.
Step three. Go to the subsection of the Personal Account "Services".
Step four. Select the service "Transfer of pension savings to trust management of the investment portfolio manager". In the "Entering application details" window, information about the identity document, address and contact details of the contributor will appear automatically from the database of the UAPF automated information system. At the same time, information about the identity document is checked against the State database "Individuals" of the Ministry of Justice of the Republic of Kazakhstan for their availability and validity. If some data (for example, address or phone number) has changed, you can make corrections.
Step five. In the "Fill in the fields" section, the option "in connection with the selection of an investment portfolio manager" is currently set by default. Here you need:
choose the details of the pension agreement from which you wish to transfer the pension savings of the UIP (OPV or OPPV);
select the name of the PIS from the proposed PIS Directory, to which you wish to transfer pension savings into trust management;
indicate the amount to be transferred to trust management;
read and agree/disagree with the information provided.
Step six. Sign the application with a personal digital signature.
Step seven. Track the status of the execution of the application on the Main page of the Personal Account in the "Tracking the status of applications" subsection.
UAPF transfers a part of pension savings exceeding the sufficiency amount to the trust management of the IPM within thirty calendar days after the date of receipt of the application from the contributor. The rest of the depositor's pension savings will continue to be managed by the National Bank.
Pension savings transferred to the IPM Investment Authority do not qualify as withdrawals of lump-sum pension payments (as in the case of withdrawals for home improvements and/or medical treatment) and will not be subject to personal income tax at the time they are transferred to the IPM.