Withdrawal of money from a family pension can be allowed to purchase real estate

The possibility of allowing withdrawals from the long-term savings Program (LDS) for the purchase of real estate is being discussed. Sergey Belyakov, President of the National Association of Non-Governmental Pension Funds (NAPF), told Izvestia about this in an interview.

"But the PDS program is designed for 15 years, whereas shared life insurance and AIS have shorter terms — from three to five years. If a decision is made on the possibility of using maternity capital for contributions to children's savings products, it will be necessary to establish uniform requirements for the timing of these programs. This is necessary to create equal conditions and prevent unfair competition. The Ministry of Finance generally supports the idea of allowing the investment of maternity capital in family investment instruments, but I emphasize that the decision is still only at the stage of working discussions," Belyakov said.

An expansion of the list of special life situations in which early withdrawal of funds is possible is also being discussed for family PDS. It is proposed to include in the list not only treatment and the loss of a breadwinner, but also the payment of higher education, as well as the purchase of housing. Issues related to real estate require additional study in order to exclude fraudulent schemes, but in general this idea is feasible.

The Long—term Savings Program (LDS) is a voluntary savings product for citizens with government participation, which has been operating since January 2024. You can open a PDS agreement in any of the 35 non-governmental pension funds (NPFs) connected to the PDS. The program allows you to receive co-financing from the state up to 36 thousand rubles per year, tax deductions for contributions up to 400 thousand, as well as transfer your pension savings formed from 2002 to 2014 to the program.

Read more in an exclusive interview with Izvestia:

"More than 330 billion rubles have already been invested in the long-term savings program"