A month ago, I transferred part of my pension savings to improve housing conditions, more precisely, to buy a home. However, I still haven't found a suitable apartment. How long will the money be kept with the authorized operator? Do I still have time?
We draw the attention of depositors that after the transfer of the amount of pension savings they request from the UAPF to the special account of the authorized operator, this amount is withdrawn from the investment management and, therefore, investment income ceases to accrue on it.
In addition, pension savings transferred to a special account are not covered by the state guarantee provided by law for their safety, taking into account the level of inflation. Also, from the amounts of lump-sum pension payments from the UAPF, individual income tax (IIT) is calculated and withheld in accordance with the method chosen by the contributor and specified in his application.
In order to avoid the inefficient use of their savings, the loss of investment income and state guarantees, as well as the premature calculation of PIT, we recommend that contributors (beneficiaries) responsibly and carefully plan the use of lump-sum pension payments and choose housing for purchase in advance. Before submitting an application, you should carefully study the list of documents required to confirm the intended use of pension savings, and ensure that they are provided to the authorized operator in a timely manner.
We remind you that citizens' pension savings can be kept on special accounts with an authorized operator (Housing Construction Savings Bank Otbasy Bank JSC) for no more than 45 working days from the date of their receipt. During this period, the accumulation must be used for its intended purpose or returned to the UAPF to the individual pension account of the contributor.
In this regard, you have another 15 days to find a housing option that suits you, after which, if this does not happen, the money will be returned to your pension account in the UAPF. However, if you find the accommodation you want, you can apply for a new early withdrawal.