The authorities are developing a concept for children's investment accounts

Parents will be able to open special individual investment accounts (IIA) for children and receive a tax deduction for this. It is planned to entrust the management of funds in such accounts to professional investment companies, Deputy Finance Minister Ivan Chebeskov told Izvestia. According to him, this option is being discussed with the Central Bank as part of the family investment mechanism.

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It is assumed that the mechanism should work like this: parents will conclude a contract in the interests of the child, determine an investment strategy and deposit their funds into the account, explained Alexey Timofeev, head of the National Association of Stock Market Participants (NAUFOR). And the management company will charge its own commission and invest, multiplying this money. As a result, a significant amount may accumulate on the account by the time the minimum period of validity of the IIA-3 expires.

Some brokers can already open an IIA with trust management for a child, but only if he is over 14 years old. The concept of family investments assumes that the tool will be available from birth.

The authorities are working on the concept of children's IIA. Currently, such brokerage accounts exist for adults. Tax benefits are provided for them, for which you need to keep an account open for at least five years (by 2031, the period will increase to 10 years). Owners can receive a tax deduction from contributions if they replenish up to 400 thousand rubles per year, and from the income they receive.

Read more in the exclusive Izvestia article:

Small by a lot: preferential investment accounts for children will be launched in Russia