Since January 2021, Kazakhstanis have had the opportunity to use part of their pension savings from the UAPF early to improve their housing conditions or pay for treatment. In this article, we will tell you how to carry out this procedure.
In this article, we will tell you how to carry out this procedure.
Pension payments can be used for:
You can find out the full list of required documents for each goal and submit an application jn the portal enpf-otbasy.kz.
You can partially or completely repay the debt on the loan for the purchase of housing, housing with repairs under a single bank loan agreement, received from any bank or mortgage company. Also, you can repay the loan received under the system of housing construction savings, issued for the construction of an individual residential building, including the purchase of a land plot with the intended purpose of residential housing or LPH.
Required list of documents to confirm the goal:
The help must contain:
You can buy an apartment, an individual residential building, a room in a hostel. Housing can be purchased on the primary or secondary market, as well as in a house under construction by equity participation in housing construction with a guarantee in accordance with the legislation of the Republic of Kazakhstan, privatization, installments, exchange, an agreement on the transfer of a share in an apartment building in accordance with the legislation on equity participation of the Republic of Kazakhstan.
Housing for this purpose can be purchased at the expense of pension savings and at the expense of pension and own funds.
Required list of documents to confirm the goal:
In the case of the acquisition of housing by equity participation in the housing construction of an apartment building:
In case of full repayment of the debt under the installment agreement:
The available amount is the amount of pension savings formed by mandatory pension contributions (MPC), which can be used for lump-sum pension payments (LPP) for the purpose of improving housing conditions or paying for treatment in the manner established by the Social Code of the Republic of Kazakhstan
LPPs are made if one of the following conditions is met:
- if the amount of pension savings from MPCs available in the individual pension account of the MPC contributor exceeds the minimum sufficiency threshold of pension savings determined in accordance with the methodology approved by the Government of the Republic of Kazakhstan. In this case, the LPP cannot exceed the difference between the amount of pension savings from the recipient's MPCs, which are in the trust management of the National Bank of the Republic of Kazakhstan, and the minimum sufficiency threshold* of pension savings;
* the threshold of minimum sufficiency of pension savings is the minimum amount of pension savings formed through mandatory pension contributions, necessary to ensure a monthly pension not lower than the minimum pension established by the law on the republican budget and effective as of January 1 of the relevant financial year, determined in accordance with the methodology approved by the Government of the Republic of Kazakhstan
- if the pension amount for persons specified in paragraphs 1-3 of Article 207 of the Social Code, as well as the amount of monthly maintenance for retired judges, ensures the average monthly income replacement rate (AMIR) of the recipient at a level of not less than 40 percent, determined in the manner determined by the Government of the Republic of Kazakhstan, while the AMR cannot exceed 50 percent of the amount of pension savings at the expense of the recipient's OPV, which are in trust management of the National Bank of the Republic of Kazakhstan. The AMIR is calculated in accordance with the Methodology approved by the Government of the Republic of Kazakhstan, including on the basis of data obtained from the information systems of state bodies;
- if the OPV contributor has entered into a pension annuity agreement with an insurance organization, while the EPV may not exceed the amount of pension savings at the expense of the recipient's OPV, which are in trust management of the National Bank of the Republic of Kazakhstan;
- if the contributor is a recipient of pension payments for length of service, while the EPV may not exceed the amount of pension savings at the expense of the recipient's OPV, which are in trust management of the National Bank of the Republic of Kazakhstan.
Before exercising the right to use part of the pension savings, the OPV contributor (recipient of pension payments) must check his pension savings and make sure that there is an amount of pension savings available for withdrawal for the purpose of improving housing conditions and paying for treatment.
Pension savings of Kazakhstanis above the sufficiency threshold can be used for housing deposits. To transfer your savings to Otbasy Bank, you need to use the platform www.enpf-otbasy.kz .
It is also necessary to open a housing deposit and a special account in Otbasy Bank in advance, which can be issued online. Kazakhstanis should also check their retirement account for sufficient savings.
On the website www.enpf-otbasy .kz there is a button "Replenishment of the contribution to housing construction savings for further accumulation" Kazakhstanis will need to log in using EDS.
Next, you need to check the availability of a deposit, a special account in your personal account. You will have to open them if it was not done in advance.
After that, an application will be generated on the platform and sent to the UAPF for the transfer of pension surpluses. The review period will be 5 working days. Then the money will be transferred to a special account of Kazakhstanis in Otbasy Bank, after which it will be automatically transferred to a housing deposit.
These funds will be subject to the same remuneration rules as for ordinary housing savings, a bank remuneration of 2% per annum and a state bonus of 20% will be accrued (for the amount of savings for the year, which does not exceed 200 MCI).
As a result, Kazakhstanis will be able to:
- to replenish the contribution to housing construction savings for further accumulation in order to purchase real estate. A mortgage must be issued within three years; purchase a land plot for the construction of an individual house or build an individual residential house on your land plot.
If the bank's clients do not use the pension surpluses within the specified period, the funds will be returned to the UAPF.
If depositors have already applied for the withdrawal of part of pension savings, they will be able to change the purpose of withdrawal. However, the time for confirming the purpose of use has been reduced to 20 working days.
For example, there are pension surpluses, but now their amount is insufficient for mortgage registration. At the same time, an application for their withdrawal has already been submitted. In this case, Kazakhstanis will be able to safely transfer these funds to their account in Otbasy Bank in order to purchase housing together with other savings.
It should be remembered that money from the UAPF cannot be:
If you have entered into a lease agreement with the right to buy out under housing construction and anti-crisis programs, you will be able to use your pension savings to partially or fully pay the debt under long-term housing lease agreements.
Required list of documents to confirm the goal:
You can buy an apartment, an individual residential building, a room in a hostel. Housing can be purchased on the primary or secondary market. Also, within the framework of a single bank loan agreement, you can purchase housing with repairs, build an individual residential building (including the purchase of a land plot with the intended purpose of residential housing or LPH)
After submitting an application for this purpose, the bank's employees will contact you and conduct a full consultation on the procedure and the necessary documents.
At the moment, it is possible to apply for treatment only in Kazakhstan. Acceptance of applications for medical services abroad will be available later.
How to apply for the use of pension savings for treatment:
All operations on early use of pension savings are carried out online and for this you will need a valid electronic digital signature.
First, the depositor needs to obtain information about the available amount of a lump sum pension payment on the Internet resources of the UNPF or e-government. Then, using the EDS, you need to register on the website of one of the authorized operators and open a special account.
Today, the authorized operators accepting applications for lump sum pension payments are:
The authorized operator within 2 working days after reviewing the application for lump sum pension payments sends an electronic notification to the UNPF. The UNPF, within five working days from the date of receipt of the electronic notification from the authorized operator, transfers the lump sum pension payment of the recipient to the authorized operator in the absence of grounds for refusal to pay.
After the funds have been received in the special account, the applicant or his legal representative must provide the authorized operator with documents confirming the intended purpose of the lump sum pension payments for the following purposes:
The authorized operator checks the documents provided by the applicant within 10 working days from the date of their submission and, if there are no comments, transfers the lump sum pension payments for their intended purpose.
It is permitted to use lump sum pension payments in favor of the recipient or the spouse of the recipient, or close relatives of the recipient. Close relatives are parents (parent), children, adoptive parents (adopters), adopted children (adopted), full and half siblings, grandfather, grandmother, grandchildren.
The presence of housing in the recipient's ownership is not a reason for refusing to receive and use lump-sum pension payments. Lump-sum pension payments can be used an unlimited number of times.
Please read the assignment process carefully at the link: https://youtu.be/66_bcn8uiOo
IMPORTANT! The receiving party must be authorized on the platform before you choose this goal, for the correct formation of a bilateral agreement.
You can use the pension savings of your spouse or close relatives (with their consent) for any of the above purposes. Close relatives are parents, children, adoptive parents, adopted children, full / half siblings, grandparents
Instructions for conceding pension savings:
You can build an individual residential building (including purchase a land plot with the intended purpose of individual housing and communal services) at the expense of pension savings, at the expense of pension savings and your own funds.
Required list of documents for receiving funds:
For the purchase of a land plot:
For the construction of a house:
The deadline for confirming the goal is 24 months from the date of receipt of funds to the contractor's account.
Required list of documents to confirm the goal:
You can buy an apartment, an individual residential building, a room in a hostel. Housing can be purchased on the primary or secondary market. Also, within the framework of a single bank loan agreement, you can purchase housing with repairs.
Required list of documents to confirm the goal:
UAPF depositors can get advice through the Contact Center at short number 1418 (toll-free in Kazakhstan), as well as contact the nearest UAPF branch if necessary. All addresses and contacts are available on the UAPF website.
You can also contact us via chatbot in WhatsApp and Viber by phone number +7 777 000 14 18. Also available on social networks
Information can also be obtained on the Otbasy Bank and UAPF platform.