ANNOUNCEMENT
June 18, 2021
"Open Doors Day" with concern for the future
The Open Doors Day has already become a traditional event for contributors and recipients of the Unified Accumulative Pension Fund. However, due to the coronavirus infection (Covid-19) pandemic, meetings with contributors cannot be held face-to-face at the fund's branches for more than a year now. UAPF employees once again held it in virtual space
Everyone could attend the event using the online platform and join the Open Doors Day without leaving the walls of their homes.
The theme of the event is “Voluntary pension contributions, easy to open and replenish!”. As you know, it is voluntary pension contributions (VPC) that are additional financial support for citizens when they go on a well-deserved rest. This year has been positive in terms of the development of the DPA. A number of legislative changes have brought even more advantages for those investors who are thinking about their future today.
In this regard, from January 1, 2021, VPC paid by the employer from its own funds in favor of the employee are deductible when calculating corporate income tax. At the same time, the amounts of VPC paid by the employer in favor of the employee are not taken into account when taxing the employee's income. In addition, from May 1 of this year, the norms of the Law regulating the procedure for the transfer by the Kazakhstan Deposit Guarantee Fund of unclaimed amounts of guarantee compensation during the year to the UAPF for crediting to individual pension accounts for accounting for the VPC were put into effect.
Also, since May 1 of this year, the list of recipients of pension savings at the expense of the VPC has expanded. In particular, now those contributors who have pension savings under the VPC that have been in the UAPF for at least five years, regardless of the age of the contributor, can count on payments.
The contributors who participated in the Open Doors Doors event learned not only about these innovations, but also calculated their future pension using a pension calculator, and clearly saw that with regular replenishment of the VPC, it is possible to significantly increase their payments from the UAPF. The Fund's consultants told how to replenish your VPC account, which, by the way, is now opened automatically with the first voluntary contribution.
The event was well attended throughout the country, each of the participants was satisfied and satisfied with the electronic format of the Open Day, and many expressed their desire to open their account with the VPC.
UAPF was established on August 22, 2013 on the basis of SAPF APF JSC. The founder and shareholder of UAPF is the Government of the Republic of Kazakhstan represented by the State Institution "Committee of State Property and Privatization" of the Ministry of Finance of the Republic of Kazakhstan. Trust management of UAPF pension assets 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 professional pension contributions, voluntary pension contributions, pension payments, individual accounting of pension savings and payments, provides the contributor (recipient) with information on the state of his pension savings (for more details, see www.enpf.kz ).