To the formation of pension savings, Russians can push tax incentives. Such a way to make Russians to make a retirement called the head of Sberbank Herman Gref. His words lead RIA Novosti.
Stimulating the pension savings of Russians requires significant tax incentives, and for certain categories of citizens – co-financing from the state, he is sure. Also, Gref believes that the country requires reform of pension legislation so that non-state funds can offer competitive programs to their customers. “Today it is important that non-state pension funds can offer its customers competitive pension and investment programs with interesting strategies and additional services,” said the head of Sberbank.
Previously, Gref called a way to protect savings from inflation. In his opinion, the bonds of a federal loan (OFZ) can help. He explained that the denomination of these papers is indexed on the level of inflation or whose coupon is tied to the interbank market rate.
As the President of the National Association of Non-State Pension Funds (PDA), Sergey Belyakov, was told, to postpone funds to the retirement age Russians need to begin as early as possible. According to him, the state allocates large funds for the payment of insurance pension to citizens and its indexation, but today the replacement rate of lost earnings in Russia is 33 percent of the insurance pension, while in Europe this indicator comes to 80 percent due to voluntary pension savings systems.
Therefore, to retire better from the first income. In this case, even small amounts will increase in investment income, which will increase on the principle of complex interest.