70% of long-term savings agreements were concluded by women. Most residents begin to think about the future at the age of 36-55; this age group account for 66% of opened LTSP piggy banks. Every tenth agreement is concluded by young people (18-35 years old).
The long-term savings program is a mechanism that helps people create a financial cushion or save up money for large goals. A significant advantage of the LTSP is co-financing from the state: during the first ten years, you can receive up to 36 thousand rubles (196 thousand tenge) per year. The participants are also entitled to tax deduction of up to 400 thousand rubles (2.1 million tenge) annually and opportunity to transfer funds from their funded pension to a LTSP agreement to make these funds more liquid.
Photo courtesy of public sources
