How “National Fund for Children” program works?

As part of the implementation of the National Fund for Children program, all children who are citizens of the Republic of Kazakhstan and were born in 2006 or later have been allocated 50% of the investment income of the National Fund of the Republic of Kazakhstan annually since 2024 until they reach the age of 18. The investment income is averaged over the eighteen years preceding the reporting year.

Amounts allocated to children in previous years continue to be invested as part of the National Fund's assets. As a result, additional investment income is accrued on these amounts.

Until children reach the age of 18, their targeted entitlements are recorded without the right to early withdrawal. Upon reaching the age of 18, the accumulated funds are transferred to a targeted savings account with the Unified Accumulative Pension Fund (UAPF), and eligible adults gain the right to use their savings for two purposes: improving housing conditions and paying for education.

This article explains how the National Fund for Children program works.