Experts told how to get a tax deduction for pension products for 2024

On November 28, experts of the non-state pension fund (NPF) "Decent Future" told "Izvestia" how to make tax deductions on pension products before the end of the year.

"All those Russians who think about the future and additionally deduct pension contributions to form a non-state pension, can get the so-called social deduction. From the expenses for these purposes, made in 2024, you can return 13%, but not more than 150 thousand rubles for the year (in conjunction with the costs associated with treatment, their training, fitness and other expenses provided for by tax law)," - explained in the NPF.

They noted that from next year in respect of contributions to the formation of non-state pension, paid from January 1, 2025, the amount of tax deduction will increase significantly. The fact is that changes will come into force, under which from pension contributions to a non-state pension instead of a social deduction will be provided a deduction for long-term savings of citizens, the amount of which will be up to 400 thousand rubles per year.

"To receive a social tax deduction from the amounts paid before January 1, 2025 under the contract of non-state pension provision concluded with the NPF (such a contract can be concluded not only in its favor, but also in favor of family members and close relatives, as well as under guardianship or custody of disabled children), you can several ways," - explained the experts,

First, according to them, such a deduction in the current tax period is provided through the accounting department at the place of work, provided that pension contributions are withheld from wages and transferred to the NPF by the employer. To do this, it is required to submit a corresponding application at the place of work. From now on, your employer will provide a social tax deduction each time the contractual pension contribution is withheld from your salary. Thus, a part of your monthly salary will increase.

The second option involves the registration of a deduction through the tax authority at your place of residence. To do this, you need to:

- fill out a tax return in the form 3-NDFL at the end of the year in which the payment of contributions was made;

- obtain a certificate of income and tax amounts of an individual from the accounting department at the place of work for the relevant year;

- prepare the documents required to receive a tax deduction: a statement from the pension account on the amount of pension contributions paid for the past calendar year, a copy of the agreement with the NPF and a copy of the fund's license. As a rule, all these documents can be downloaded from your personal cabinet on the website of your NPF;

- submit a completed tax return and the collected set of documents to the tax authority at the place of residence.

When submitting copies of documents confirming the right to deduction to the tax authority, it is necessary to have their originals with you for verification by a tax inspector. Verification of the declaration and attached documents is carried out within three months from the date of submission of documents. However, the declaration and documents can be submitted online in the personal cabinet on the website of the Federal Tax Service (FTS).

The third option involves making a social deduction in a simplified procedure through the taxpayer's personal cabinet on the website of the Federal Tax Service. The application for a social deduction is filled in automatically on the basis of information on income received by the tax authorities for the relevant year. After 30 calendar days, the inspectorate will make a decision on payment or refusal.

"It is important to remember that the right to refund personal income tax in connection with the receipt of a deduction is retained by the taxpayer for three years from the date of payment of personal income tax at the end of the year in which the payment of pension contributions was made," - explained the experts.

Earlier, on November 13, it became known that the head of the faction "Fair Russia - For Truth" Sergei Mironov sent an official letter to the head of the Ministry of Finance Anton Siluanov with a proposal to change the rules of payment of social deduction to exclude the loss of funds of citizens.