More than 3.5 trillion tenge of pension savings were used by Kazakhstanis to purchase housing and/or medical treatment.

The UAPFhas processed over 1.7 million applications from approximately 1 million applicants, totaling over 3.5 trillion tenge, for housing and/or medical treatment. As a reminder, pension savings can be used by citizens an unlimited number of times, up to the amount of pension savings in the ENPF available for withdrawal for housing, medical treatment, or transfer to management companies.

For Housing

As of June 1, 2023, since January 2021, the UAPF has processed 1,366,484 applications from depositors (recipients) to use pension savings to improve their housing conditions. The UAPF has transferred over 3.2 trillion tenge to special accounts of Kazakhstani citizens opened with authorized banks. The average lump sum pension payment was approximately 2.4 million tenge.

The largest number of completed applications were submitted by residents of Almaty (17.57%), Astana (13.95%), and the Mangystau region (10.32%). The "Indicators" section of the www.enpf.kz website provides detailed information on the purposes for which Kazakhstanis plan to use their one-time pension payments, broken down by region (see the subsections "One-time pension payments for improving housing conditions by purpose" and "One-time pension payments for improving housing conditions," respectively).

Analyzing the purposes for which depositors (recipients) use their savings, the following conclusions can be drawn: 35.66% of all applications are for the purpose of acquiring housing through civil law transactions (final settlement) and the construction of an individual residential building (if land is owned); 21.06% of applications are for the purpose of replenishing a deposit in housing construction savings for further accumulation; 15.74% are for the purpose of partial repayment of a mortgage loan (including through Islamic bank financing); and 15% are for the purpose of partial repayment of a mortgage loan under the housing construction savings system.

Currently, authorized operators accepting applications for the use of a portion of pension savings are JSC Housing Construction Savings Bank Otbasy Bank, JSC Halyk Bank of Kazakhstan, JSC Altyn Bank, JSC Bank CenterCredit, and JSC Bank Freedom Finance Kazakhstan.

It should be noted that over 472.3 billion tenge have been returned to the individual pension accounts (IPA) of depositors (recipients) from authorized operators due to the failure to use lump-sum pension payments by Kazakhstani citizens within the prescribed timeframes, at the applicant's request, and for other reasons.

For treatment

The ENPF also processed 418,547 applications for treatment totaling 339.3 billion tenge. The average withdrawal amount was 0.8 million tenge.

96.2% of applications were processed for dental services, and 2.7% for ophthalmology services. Less than 2% of pension savings were used for other medical services.

At the same time, 33.4 million tenge was returned to the individual pension accounts of depositors (recipients) in the ENPF; this amount was not used within the established timeframe, at the applicant's request, or for other reasons.

Up-to-date statistics on the use of pension savings for medical treatment are available on the website www.enpf.kz in the "Indicators" section - "Lump-sum pension payments for medical treatment."

To private management

As of June 1 of this year, the Investment Portfolio Manager (IPM) has transferred 8.9 billion tenge since February 18, 2021, and the UAPF has processed 5,980 applications. The average transfer amount is approximately 1.5 million tenge. Detailed statistics on the transfer of pension savings to trust management are also available on the enpf.kz website in the "Indicators" section - "Transfer of Pension Savings to Management Companies."

Currently, the ENPF has entered into trust management agreements for pension assets with five investment portfolio managers. Information about them and their investment declarations can be found on the enpf.kz website in the "Services" section - "Register of Investment Portfolio Managers." It should be noted that of the 8.9 billion tenge, 44.3%, or 3.95 billion tenge, was transferred to Jusan Invest JSC, 28.0%, or 2.5 billion tenge, to Halyk Global Markets JSC, 16.1%, or 1.4 billion tenge, to BCC Invest JSC, 10.0%, or 895 million tenge, to Centras Securities JSC, and 1.51%, or 135 million tenge, to Halyk Finance JSC.

After the initial transfer of pension assets to the UIP trust, the depositor has the right to submit an application to the UAPF to transfer their pension savings to another UIP trust no more than once a year. Between March 16, 2022, and May 31, 2023, 85 applicants changed their minds about their choice of UIP. The UAPF executed 115 applications for transfers from one UIP to another, totaling 342 million tenge.

A total of 164 people decided to return their savings to the NBRK's management two years after the initial transfer of their pension savings to the UIP's trust. From March 15 to May 31, 2023, the ENPF executed 267 applications for transferring funds from UIP to the NBRK, totaling 1.1 billion tenge.

As a reminder,