bs-preloader__icon
ru kz en

UAPF launches a new instrument for future pension planning

To help depositors, the UAPF is launching a new tool for future pension planning, a personal pension savings plan.
UAPF launches a new instrument for future pension planning

Unlike a forecasting pension calculator, which can be used to calculate the expected size and schedule of pension payments based on the current volume of pension savings and future contributions, a personal plan allows the user to independently do the following:

- calculate the required amount of contributions based on the desired amount of pension payments, including the current volume of pension savings,

- monitor the execution of a personal savings plan (through a system of automated personal notifications).

Estimate of value of the future total pension includes the following pension components within the framework of the multi-level pension system of Kazakhstan:

  • Pension from the state budget (primary pension and PAYG (labor) pension);
  • Pension from the UAPF at the expense of: 10% of obligatory pension contributions (OPC) paid from the income of employees to the UAPF; 5% of obligatory professional pension contributions (OPPC) transferred by employer to the UAPF in favor of employees employed in jobs with hazardous working conditions;
  • Pension from the UAPF through voluntary pension contributions (VPC), which can be allocated by both employee and employer.

The service for future pension planning is available in your personal account on the UAPF website, upon entering which the user will receive a one-time notification about the opportunity to use this service. The depositor can control the process of execution of their pension plan, that is, track the receipt of OPC, OPPC and VPC, as well as the status of plan execution in percentage and monetary terms by month and year, in order to take timely measures to implement the plan, for example, replenish the missing amount of pension savings for voluntary pension contributions account.

Photos are from open sources.

Share
read also
Fresh vegetables, salads and fruits are not recommended during colds
Fresh vegetables, salads and fruits are not recommended during colds

Physician Oksana Mikhaleva: during illness food should be as easy as possible for abs...

Court reached the verdict to insurance scammers
Court reached the verdict to insurance scammers

The Lazarevsky District Court sentenced a resident of Sochi to 1.5 years in a penal s...

Three main risks for retirement savings identified
Three main risks for retirement savings identified

Building an effective retirement plan depends on a client’s and his company strateg...

The most interesting materials of the site you have in the mail! Subscribe to the newsletter.

ASK A QUESTION TO THE EXPERT
ASK A QUESTION TO THE EXPERT
Submit your application