The financier talked about a way to increase retirement savings

Russians can increase their retirement savings through a safe and profitable long-term savings program (LDS). Maria Ermilova, a financier, Associate Professor of the Department of Finance for Sustainable Development at Plekhanov Russian University of Economics, shared this on April 23.

"In addition to pension accruals, additional income is relevant to ensure the same level of comfort of life as at the time when the person was working. However, it is important to note that it is pointless to accumulate just the amount. You need to calculate this amount in real purchasing power. Therefore, it is necessary to take into account inflation and a number of factors that can affect the value of money in an investment strategy," the expert said in an interview with RIA Novosti.

Ermilova clarified that for faster accumulation, it is possible to use government-supported CDS. In this case, it is necessary to conclude an agreement with a non-governmental pension fund (NPF) and regularly deposit funds. She explained that the state adds co-financing to the contributions, the amount of which is up to 36 thousand rubles for 10 years and provides an annual tax deduction not exceeding 52 thousand rubles at a personal income tax rate of 13%.

The analyst noted that under the program, a portion of the personal income tax paid can be returned annually. It is important to take into account that the amount of co-financing from the state depends on the income level. Ermilova added that Russians can choose the payment format: upon reaching retirement age or 15 years after the conclusion of the contract.

"The funds in the PDS account are insured by the state in the amount of up to 2.8 million rubles, which is twice as much as for bank deposits, which makes this program even more attractive. Thus, the PDS provides an opportunity to earn a pension in a shorter time. And some of them will already be insured, which makes this option less risky," Ermilova concluded.

Accumulated experience: Russians least of all trust their pensions to NPFs and insurers

Why do citizens consider the state to be more reliable and what will the rejection of savings for old age lead to?

Dmitry Mikhailov, an expert on finance and loans, Chief Operating Officer of Cosmovisa Group, shared on April 20 that it is important for Russians who want to get a loan to reduce their debt burden to 50%. Mikhailov stressed that it is important to prepare a package of documents in advance. For example, a consumer loan requires a passport, SNILS or INN, income statement, and a copy of the employment record. He clarified that salary clients should only be provided with a passport.