The Ministry of Finance announced innovations in the pension system

mіnі-anonsiroval-novovvedeniya-v-pensionnoy-sistemi

In the framework of the Moscow financial forum the Finance Minister said that 2018 may be introduced a new practice of voluntary savings for retirement.

It is expected that proposals will be submitted to the government this fall.

According to the new version of the pension system, citizens voluntarily form the cumulative part of the pension, have the opportunity to prematurely withdraw and manage their savings in case of emergency, and the accumulated funds will be subject to insurance, be inherited and be counted as relevant benefits when determining the tax base.

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