KBC of voluntary insurance contributions in 2021 - 2021

Basic Concepts

Since 2015, citizens’ pension rights are expressed mainly in pension points. Legislation obliges citizens to acquire a certain length of service before receiving an old-age insurance pension, as well as to accumulate a certain number of points in their personal account.

The requirements have been constantly increasing since 2015, and if initially at least 6 years of experience and 6.6 points were required, then a significant increase in requirements followed. The minimum experience and points increase every year. In 2021, you need 10 years of experience / 16.2 points on your Pension Fund account.

• 2020 – 11 years / 18.6 points;
• 2021 – 12 years / 21 points;
• 2022 – 13 years / 23.4 points;
• 2023 – 14 years / 25.8 points;
• 2024 – 15 years / 28.2 points.

From 2025, the minimum length of service will always be 15 years, and the points must be at least 30.

You can pay a pension contribution for yourself in some circumstances, but most often employers do this, deducting a certain part from their salary to the Pension Fund - 22%. In this way, the state replenishes the Pension Fund budget and accrues pension rights to the citizen for whom the contribution is made.

If there are not enough points or experience, the citizen will have to earn them in order to retire. If within 5 years from the date of retirement age a person does not reach the required indicators, he will be able to apply for a social old-age pension - that is, the lowest pension in the Russian Federation. But there is an alternative - purchasing the missing experience and points.

But the legislation does not use the terms of buying or selling individual pension coefficients. Instead, the concept of voluntary legal relations with the Pension Fund is used. And it is for them that points and even experience are awarded.

How to enter into voluntary legal relations

Voluntary contributions to a pension can only be paid if the citizen enters into a separate agreement with the Pension Fund. Based on it, all funds transferred during the year are converted into pension points.

Registration of voluntary legal relations with the Fund is carried out on the basis of an application, which is submitted to the Pension Fund Client Service at the place of residence. The application must also be accompanied by SNILS (green laminated card) and a passport.

After reviewing the application and concluding an agreement, the citizen who enters into legal relations with the Pension Fund will be provided with details for transfers. The payment generation service is also available on the Fund’s website.

Procedure for transferring funds and benefits

Funds of program participants can be transferred either in a one-time or monthly payment. Bank account details can be found at the Pension Fund branch and you can transfer money yourself. Or entrust this procedure to the employer by contacting the accounting department of your enterprise.

The employer has the right to participate as an intermediary. Payment of voluntary contributions by employees, its terms and procedure is carried out in the same way as in the case of payment of mandatory pension contributions. Such transfers can be taken into account in the expense column when calculating amounts subject to income tax. The amount of contributions can be any and is not subject to mandatory insurance contributions up to 12,000 rubles.

As for benefits for participants, you should know that funds received into their account as part of participation in the Co-financing Program are NOT considered income, which means that they are not subject to personal income tax . An employee has the right to receive a tax deduction for income tax in the amount of 13 percent; he must contact the accounting department of the enterprise or the tax authority at his place of residence.

The supporting documents are:

1. A receipt for the transfer of contributions or a certificate from the employer of a similar nature.
2. Notification of participation in the Co-financing Program.

Cost of points

Until the end of 2021, points were quite expensive for citizens. So, for 60 thousand rubles. a citizen could purchase only about 2 IPC. But in 2021, buying points is cheaper - the cost has been halved (as well as the number of points actually purchased has been halved).

This means that the minimum price required by the Pension Fund for 1 point will be (approximately) 30 thousand rubles. More precisely, it can be calculated using the formula:

Minimum wage x0.22x12

For 2021, the “minimum wage” is set at RUB 11,280. Therefore, for the year the minimum contribution amount is 29,779.2 rubles.

Changes to the time frame for program participants

Changes to Law No. 56-FZ regarding the terms of participation in the program were made by Federal Law No. 345-FZ, which came into force on November 5, 2014. According to it, the period for citizens of the Russian Federation who have sufficient grounds and intention to participate in the Co-financing Program has been extended. They could submit the corresponding application until December 31, 2014.

The state pension co-financing program will be extended. Read the latest news.

How beneficial is a voluntary insurance pension?

Considering the fairly high cost of the point, many will find such a deal unprofitable. But let's turn to arithmetic.

Moscow resident Angela M. turned to a lawyer with a question: how can one retire if 3 pension points are missing due to a small salary. Currently, at 55.5 years old, she cannot find a job. The lawyer explained that, in accordance with the law, a woman can acquire the missing points by paying approximately 90,000 rubles in 2021, or work another year for a salary of over 23,000 rubles. in this case, buying points for Angela will be more profitable.

By entering into voluntary legal relations if he does not have enough points for retirement, a citizen quickly begins to receive income. From the example considered, the purchase will be profitable, since the woman does not have a source of income and the opportunity to go to work. Given that the points requirements will increase every year, Angela will have to wait until she is 65 (that is, another 11 years) to qualify for the Old Age Social Security pension.

In case of purchase, she will begin to receive a pension immediately after registration. At the same time, 3 points purchased at a price of RUB 89,337.6. will give a monthly income of 261.72 rubles. Of course, in order to “recoup” the almost 90 thousand rubles spent. it will take 28 years. Just don’t forget that Angela in the example is not buying the points themselves, but the right to a pension. Therefore, voluntary legal relations with the Pension Fund should be considered solely as an investment with a high ROI.

And if we consider the purchase of points from this point of view, then the benefit is obvious, and the invested 90,000 rubles. return with profit already in the 8th month of receiving your pension. And that's why.

Since Angela can only claim a minimum pension, even taking into account the purchase of points, her amount with the help of social security payments will be raised to the level of the cost of living of a pensioner in Moscow. For 2019, it was adopted in the amount of 12,115 rubles. monthly. Consequently, if a woman acquires the right to a pension, she begins to receive a monthly allowance. If she does not buy the missing points, then she will have to live “on her own” for 11 years, which seems incredible in conditions of unemployment. Let's not forget that a woman cannot find a job.

Program period

The co-financing program is valid for a ten-year period. During this period, each participant who has made at least one payment as a voluntary contribution has the right to stop and resume payment of contributions at any time. From the end of the ten-year period, a citizen also has the right to replenish his account, but without government support, so the amounts will not be doubled.

Conclusion: the intention of the program of co-financing by the state of voluntary contributions of its participants is to increase the size of citizens’ pensions. Under the terms of this program, the amounts contributed by participants will be doubled, as a result of which the funded part of the pension should increase. State co-financing will cease for the participant after a 10-year period has passed from the date the citizen submitted his application to participate in the program.

Who needs to buy points?

Not only those who are slightly short of the right to a pension can enter into voluntary legal relations. It is also worth buying points for those who:

• works abroad, but plans to receive a pension in Russia;
• citizens who have high salaries and are willing to pay additional pension contributions for retirement, especially if they have reached the limit on payments from salary;
• people who receive income from professional activities without forming a company or individual entrepreneur (self-employed);
• engaged in entrepreneurship, farming;
• carries out legal, notarial and other activities that do not provide for mandatory contributions to the Pension Fund of Russia.

But you should understand that these are not contributions to a funded pension. Yes, they are also paid voluntarily, but in this case the citizen enters into legal relations not with the Pension Fund of the Russian Federation, but with the NPF.

Due to frequent updates to legislation and the legal uniqueness of each situation, we recommend obtaining a free telephone consultation with a lawyer. You can ask your question by calling the hotline number 8 (800) 555-40-3 6 or write it in the form below.

Subtleties of the DS agreement

The content of the agreement of the type of DS in question is established by each fund independently, taking into account the norms of the law. The form of such a document can always be viewed on the official website of a particular NPF before its conclusion or a visit to the company’s office.

At the same time, the standard form of this document is planned to be approved in the near future by the Directive of the Central Bank; its draft is currently being reviewed and discussed.

So, what you should pay special attention to in the DS agreement:

1. Selected pension scheme. Each NPF offers different schemes for the formation and payment of non-state pensions in terms of the procedure for making contributions, receipt of savings amounts by the participant or his legal successor, and the time of appointment of the NPF. In the text of the agreement, as a rule, only the number of such a scheme is indicated, but its decoding is given in the Rules of a particular fund.
2. Grounds for the emergence of the right to receive monthly payments within the framework of NGOs.
3. Rules for making contributions (their size, frequency, length of time for making contributions).
4. Period of validity of the contract.

The treaty in question concerns a very important area, and therefore is subject to careful study in its entirety. This applies not only to the stated points, but also to all other sections, be it the rights and obligations of the parties, their responsibilities, the subtleties of succession, etc.

Answers to common questions about voluntary pension insurance

Question No. 1: What to look for when choosing a non-state pension fund?

Answer: Each investor focuses exclusively on his own capabilities and preferences, taking into account the size of his salary, the frequency with which he has money to make contributions, the amount of free money, etc. Almost all the conditions under which the pension will be assigned and accrued are determined by the future pensioner himself. The rating of similar institutions compiled by the Expert RA agency can help with your choice.

Question No. 2: Which government agency is responsible for monitoring the activities of non-state pension funds?

Answer: The authorized body is the Pension Fund of Russia, however, this state institution does not take any part in the work of the NPF. His only task is to ensure that citizens are not deceived. All NPFs undergo preliminary state accreditation.

Insurance subjects

DPS insurers are:

• non-state pension funds (NPF);
• Insurance companies.

The role of NPFs is played by non-profit organizations that manage voluntary insurance and provision of fund participants (Federal Law No. 75, Article 2).

Any individual in whose favor a pension agreement was concluded is considered insured.

Any individual, regardless of citizenship, has the right to become a participant in a non-state pension fund. The depositor, or policyholder, is the person who makes insurance payments in favor of the private owner. Investors can be:

• citizen of Russia or a foreign country;
• a foreign legal entity registered in the Russian Federation;
• executive agencies.

Note! You can become a participant and a pensioner in several fund organizations. However, this rule does not apply to depositors.