Experts named the conditions for early withdrawal of money from the state savings program

Russians can withdraw money without loss from the long-term savings program from non-governmental pension funds (NPFs) under certain conditions. On July 24, experts from Sberbank told Izvestia about this.

Exceptions are provided for program participants who find themselves in a difficult life situation. We are talking about the loss of a breadwinner in the family and the need to pay for expensive medical treatment.

The situation of loss of a breadwinner includes the death or recognition as missing of a person who was dependent on the participant of the PDS. To receive the payment, you must submit an application and a certificate of receipt of the appropriate pension. The list of documents may vary depending on the relationship with the breadwinner and the age of the applicant.

In the case of expensive medical treatment, the Government of the Russian Federation has approved a list of 18 types of treatment in which early withdrawal of money from the PDS is allowed. To do this, you need a certificate from a medical organization about the provision of paid services. If a participant has accumulated more funds than is required for treatment, they will be able to withdraw only the required amount, leaving the rest in the account.

"Life is unpredictable, and sometimes funds may be needed ahead of time. In such cases, the PDS becomes not only a way to save money, but also a real support," said Kirill Savin, Director of Legal Projects at Sberbank.

The PDS is a government initiative that allows Russians to create a personal financial reserve with the support of the state and is available to all citizens of the country from January 1, 2024. The program consists of three parts: personal contributions and investment income on them, state co-financing and income on it (the state pays up to 36 thousand rubles per year to participants), as well as transferred funded pension funds and income on them.

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On July 19, Sergey Belyakov, President of the National Association of Non-Governmental Pension Funds (NAPF), called the NPF's PDS programs one of the best ways to create financial capital for a child. According to him, even small but systematic investments can turn into over 3 million rubles by the age of majority of a child.

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