How to make the Russians want to independently on non-state pensions? The solution to this old problem of the proposed two business entities operating in the market of private pension provision (NGOs). According to the authors of the initiative, it is necessary to introduce separate tax deduction limit for the calculation of which will amount to 400 thousand rubles. This will result in many citizens a powerful incentive, as it will enable them to return voluntary contributions for future retirement to 52 thousand rubles annually.
in the meantime, the lack of motivation: the current tax deduction is granted on the sum to 120 thousand roubles a year. That is, to get back can only 15.6 thousand rubles (13% of the 120 thousand). Deduction involves four components — medical, educational, life insurance and pensions. It is not indexed for more than ten years, and low personal income tax rate “makes it even less attractive,” noted in a joint letter to the Central Bank, the initiators of the Association of private pension funds “the Alliance of pension funds” (ANPP) and the national Association of pension funds (NAPF).
the Limit is 400 thousand rubles is the maximum level for the calculation of benefits under the investments of citizens in individual retirement accounts (IMS). In fact, it was decided to use the existing positive experience with this tool: according to Masuri in may 2020, for the last three years the number of open IMS population has grown ten times – from 200 thousand to almost 2 million However, against the total mass of the Russian pensioners (44 million) the latter figure is not impressive.
the Sentence is correct, lying on the surface, but obviously overdue, says Professor of the Financial University under the government of the Russian Federation Alexey Prong. The point is, he says that pensioners are among the vulnerable groups, and poverty we need to reduce in 2030 by half. To achieve this national goal, it is necessary to use all the available options. There are two main ways – either the government gives money and increases benefits, or working to ensure that people are saving up for old age. Today people are not eager to do it: there is no tradition, habits, tools, skills and desire. Accordingly, we need some additional incentives that can transform the situation from a dead point. In fact, this is quite a rational way to shift part of the task of poverty reduction with the authorities on the population. Do in the world, like a Prong: two-thirds of the revenue of any European pensioner of the pension, on their own accumulated over time.
Half of Russians have no savings is not engaged, and retire aside a maximum of 10-15%. This is the psychology: to a ripe old age still have to live and Mashawell or apartment to buy today. In the opinion of the Prong that people felt relatively comfortable pensions, it needs to accumulate a minimum amount of 1 million rubles. Thus in the month of 10 thousand, and at year – 120 thousand In this case, the threshold is set to 400 thousand it is Clear that overpower its few: we are talking about 3-5% of the population, the upper stratum of the middle class, which will gain further impetus. It is clear that all citizens will not be able to involve in system of voluntary pension savings, due to the lack of “extra” money, but one thing is certain – it is a step in the right direction.
the Idea is interesting, but impossible, said the Deputy head of IAC “Alpari” Natalia Milchakova. According to her, the reason for skepticism several. The first is a weak and unpredictable ruble, which discourages many Russians alone save for retirement, that is, for many years to come. The second is the potential lack of coordination between regulatory bodies: the market of NGOs and its members are regulated by the Central Bank of the Russian Federation and the taxation and, accordingly, tax deductions, are in the competence of the Ministry of Finance and ultimately the legislature. The third factor of “grey” salaries, which, according to international experts, gets about a third of employees in Russia. Added to this is a steady distrust of non-state pension funds and falling in recent years real incomes.