Aksakov explained the work of family investment instruments announced by Putin

In the near future, we will legalize the line of family investment instruments, the launch of which was announced by Russian President Vladimir Putin, Anatoly Aksakov, the head of the State Duma Committee on Financial Markets, told Izvestia in an interview. He noted that this will encourage families to make collective decisions on investments to receive benefits from the state.

Different instruments can be used - IIS, life insurance policies. Now, the program of long-term savings IIS is supposed to have a maximum tax deduction of 400 thousand per person, while the new instrument will allow the family to get a deduction of Br1 million, explained the deputy.

He added that now a set of proposals is being prepared, aimed at making the investment market a serious competitor to the banking market in working with the funds of the population.

"For example, there was a proposal related to individual investment accounts. The term for attracting funds under them is now five years, but it should be gradually increased to 10. According to the market, this is too long, people are not ready to wait for 10 years. At the same time, investments for five years provide a rather large resource. This sounds convincing to me. I admit that we will come out with an initiative to fix the term of the IIS-3 at the level of five years," said Anatoly Aksakov.

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