Translation. Region: Russian Federal
Source: Solid Bank – Solid Bank –
An important disclaimer is at the bottom of this article.
Solid Bank, together with its partner JSC NPF GAZFOND Pension Savings, has launched a unique savings product – the Long-Term Savings Program. The program was developed by the Bank of Russia and the Ministry of Finance on behalf of the President of the Russian Federation. With it, citizens will be able to create capital or a financial cushion with state support. Savings are formed through personal contributions, state co-financing and the fund’s investment income.
The long-term savings program has the following benefits for depositors:
• State support in the form of cash contributions of up to 36,000₽/year for 10 years.
• Possibility of receiving a tax deduction in the amount of 13%-22% of the amount of contributions paid, not exceeding 400,000₽/year. That is, the client can receive about 52,000-88,000₽/year. This depends on the annual income of the depositor and the personal income tax rate applied to his income.
• Savings are insured by the Deposit Insurance Agency. Personal savings contributions and investment income on them are insured in the amount of up to 2.8 million ₽. And pension savings transferred from the OPS, additional incentive contributions (state co-financing) and investment income on these funds are fully insured, without any limitation on the amount.
• There are no mandatory contributions – replenishment is optional.
• Payments are not taxed if the contract was in effect for at least 5 years, the participant had no more than 3 contracts at the same time, the amount of payments exceeds the amount of contributions by no more than 30 million ₽ for each contract in each tax period.
• Low risk level.
• Legal protection from claims of third parties.
• Possibility to appoint a successor.
• A minimum guaranteed return is established for the first 3 years of the contract.
• Possibility of transferring pension savings under the OPS to the PDS.
Who is eligible for the program?
The program is available for all ages: from youth to seniors, from 18 to 69 years old.
What purposes is the program suitable for?
• Creating capital for future large purchases or a financial cushion.
• Increase your existing capital with minimal risks.
• Investing with minimal risks.
• Protection of savings with minimal risks.
• Ensuring financial stability now or in the future.
How does the program work?
– You need to make a down payment of 30,000₽.
– You can top up your account at any time with an amount from 1000₽.
– You receive state co-financing – 36,000₽/year.
– Apply for and receive additional tax benefits.
– Choose a payment format that is convenient for you – one-time or regular.
For the convenience of clients, online services have been developed that allow you to track the status of your account in the PDS, top it up without a commission via the SBP, and receive the necessary package for processing a tax deduction.
For detailed consultation and registration, please contact Solid Bank offices.
Registration of PDS is available throughout the Bank's network in: Almetyevsk, Blagoveshchensk, Vladivostok, Yekaterinburg, Elizovo, Izhevsk, Irkutsk, Kazan, Krasnoyarsk, Moscow, Novosibirsk, Petropavlovsk-Kamchatsky, St. Petersburg, Tula, Ufa, Khabarovsk, Yakutsk.
JSC Solid Bank. General license of the Central Bank of the Russian Federation No. 1329.
8 800 775 56 06 (free call within Russia)
Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.
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