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About Voluntary Pension Schemes
A voluntary pension scheme (VPS) is a simple and effective method of saving
for the future. On concluding a contract with our Fund, and regularly adding to
your account, you can ensure for yourself good financial support. You can find
further details about VPS in the section
About the
reform.
The services of a VPS are based on the voluntary payments of Contributors.
In the Stalfond PPF contributions can be made with whatever frequency
suits the Contributor. The size of the contributions can also be chosen by the
Contributor (but not less than 190 rubles).
NB! The Stalfond PPF makes full disclosure of
the placement of its pension assets (investment portfolio). At any time you can
familiarise yourself with current information on our site (the details are
updated every quarter).
In the Stalfond PPF you yourself can decide on the time and frequency of
disbursements – from 3 to 15 years, or for term of life. On the date of
awarding the pension you are to fill in an application in which you indicate
the payment scheme of your choice (in accordance with the Pension Rules of the
Stalfond PPF which were in force at the date of concluding the contract).
Can you terminate the contract with the Stalfond PPF before the
pension trigger?
Absolutely. In this event the Fund will pay out to you not only the sum
of contributions paid in, but also the accrued investment income. The cash
surrender value will be transferred to your bank account. However, please note
that:
- On termination of the contract personal income tax is payable on the
investment income (13%);
- If on the day of terminating the contract its term is less than one
year, the contributor will only be paid the minimum guaranteed income (in
accordance with the Pension Rules of the Stalfond PPF which were in force at
the date of concluding the contract).
You can read further details about forming a private pension in the Fund in
the Stalfond PPF Pension Rules.
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