In turn, Galina Morozova, Chairman of the Board of Directors of NPF "BUDUSHCHEE", expressed the opinion that increasing the co-financing of the long-term savings program by the state will increase the savings of Russians by about a third. She noted that the financial instrument will help Russians not only accumulate the necessary amount by the retirement period, but also for other purposes - whether it be for a child's education, buying a home, special life situations (up to a serious illness or loss of a breadwinner).
"Of course, we believe in the long-term savings program as a good and promising product," said Galina Morozova. "It has significant advantages compared to other financial instruments on the market: this includes co-financing from the state up to 36 thousand rubles per year, and an increased tax deduction on contributions up to 400 thousand rubles per year, and the possibility of flexible management of the funded part of compulsory pension insurance. I would also like to note the special conditions for receiving payments: a participant can receive payments upon expiration of the contract, upon reaching pension grounds, or in special life situations. It is important that the savings of a program participant are insured for up to 2.8 million rubles."
Analysts of the financial literacy project "Graphin" provide calculations that show how the client's savings will increase due to the innovation. As an example, experts cited a man who will transfer his pension savings under compulsory pension insurance (CPI) in the amount of 100 thousand rubles to the long-term savings program. And he will invest 3 thousand rubles in the program every month and reinvest the received tax deduction (13% of contributions - in the amount of 4.6 thousand rubles). Plus, the NPF will also accrue investment income to the client (for example, conditionally 8% per year), and the state will co-finance his contributions for three years. Thus, the program participant will accumulate 1 million rubles in 10 years. However, if state co-financing is increased from three to ten years, then with the same investments, the program participant will accumulate about 1.3 million rubles. This is 30% more than in the case of three-year co-financing.