It is reported that when savings are transferred from the mandatory pension system (MPS) to the long-term savings program (LTS), they will not be eligible for benefits. This was reported by the publication “News“.
This is explained by the fact that tax deductions and co-financing are provided only for personal contributions of citizens to the PDS. Experts drew attention to this important nuance, which was included in the program presented by the Ministry of Finance and the Central Bank. They noted that citizens would have to invest additional funds out of their own pocket to take advantage of the new program.
Retirement savings from the OPS, formed by paying a certain amount by employers, do not fall under this program, as they are funds formed under tax law. Representatives of the Ministry of Finance confirmed this conclusion, indicating that the tax deduction and co-financing will be provided only for personal contributions of citizens to the PDS.
Formerly lawyer Natalya Khurchakova talked about how to increase the size of the pension. It can be used by those who have Soviet experience.
.
Be the first to read breaking news on OopsTop.com. Today’s latest news, and live news updates, read the most reliable English news website Oopstop.com