The Social Fund of Russia spoke about the possibilities of using pension savings
[ad_1]
You can use your future pension wisely now
Any Russian citizen who has pension savings can increase them by using them as funds for investment. The right to choose an insurer remains with the citizen, and only he decides with what intensity the amount of his savings will grow.
It is not difficult to use this tool for accumulating funds – you just need to decide on the insurer to whom the funded pension funds will be entrusted. This can be either the Social Fund of Russia or a non-state pension fund (NPF). The insurer, in turn, will manage the pension and invest it in the financial market. When choosing a non-state pension fund, it is important that it is included in the system of guaranteeing the rights of insured persons in the compulsory pension insurance system.
The SFR invests pension savings through a state management company and through private management companies (MCs). In this case, the choice of the management company is also the prerogative of the citizen. If pension savings are in a non-state pension fund, then the management company is chosen by the fund itself.
It is worth noting: if the citizen’s insurer is the SFR, the company or investment portfolio of the management company can be changed annually without loss of investment income.
You can change your insurer once a year. However, the most profitable option is to change insurers every five years. After a fixed five-year period, a person retains all pension savings, as well as dividends received from investing. And if the investment resulted in losses, then the insurer will compensate for all of them. That is, a person either remains “with his own people” or increases his income. In case of early transfer, earlier than 5 years, the insurer does not bear such obligations to the citizen, so there is a risk of losing part of the pension savings.
To switch to another insurer next year, you must submit an application to the Financial Markets Service before December 1 of the current year. In 2024, those whose savings in the current fund began in 2014 and 2019 will be able to change insurers without loss. In other cases, some part of the profitability will be lost.
The application can be submitted in person or through a representative to the client service of the Financial Markets Service or online at State Services.
[ad_2]
Source link
