IIS in Sberbank: reviews, opening conditions, rules for depositing funds and profitability

2024 Author: Howard Calhoun | [email protected]. Last modified: 2023-12-17 10:16

In the article, we will consider reviews of the IIS "Asset Management" of Sberbank.

Since 2015, it has been offered to open an individual investment account, which provides a good profit. In essence, this is a depository contribution to brokerage accounts, from which income can be received in the form of tax deductions, as well as in the form of interest due to competent money management. The yield on such deposits can reach twenty percent per year. The aim of the program is to increase the financial literacy of the population. Thus, the attention of customers is drawn to the work of the stock market.

Feedback on IIS Sberbank will be presented at the end of the article.

What is IIS and what are the rules for depositing funds?

First of all, it is worth understanding the concept itself. Investment accounts are special brokerage elements that can be opened by individuals in order to invest money in stock markets. It is worth highlighting seven important features of the IIS of Sberbank:

• The term for opening such a service is three years.
• Minimum replenishment amounts are not limited. And the maximum cannot exceed four hundred thousand rubles.
• Special taxation is provided for individual investment accounts. Under one of the schemes (on contributions), each year you can receive a 13% tax deduction on the amount of funds contributed. The maximum value for the tax deduction is four hundred thousand per year. That is, if a person paid this amount within one year, then during the filing of a tax return, fifty-two thousand rubles can be returned for a deduction. And so every year for three years. That is, if you replenish four hundred thousand, in three years you can return one hundred and fifty-six from the state. The legislation provides for a second scheme (for income), which exempts the client from paying tax on such an account for three years. This is beneficial if, for example, the client has invested all the money at once.
• Sberbank IIS can be closed before the expiration of a three-year period, but then any benefits provided by law will not apply.
• You can only have one account per person. Then the tax authorities will give benefits for one of their products.
• The service is opened exclusively in brokerage and management institutions. Banks with other financial institutions do not have the right to open this type of account.
• You cannot transfer previously purchased shares with bonds from another brokerage financial instrument to individual investment accounts.

Reviews about IIS Sberbank are mostly positive. Next, we will provide information on the conditions for opening such a financial instrument, which are currently being put forward.

Conditions for opening

Terms are usually as follows:

• Individual investment accounts can only be opened by individuals.
• IIS in Sberbank is opened only by citizens of Russia.
• Each individual is en titled to only one investment account.
• Only cash funds are deposited on IIS.
• This account is replenishable, partial withdrawal of money is not provided.
• The maximum amount for investment is four hundred thousand rubles a year, which makes the proposed instrument unattractive for large investors, in connection with this, the issue of increasing the limit is being discussed.
• New and existing clients with whom an agreement on brokerage services has been concluded can open IIS in Sberbank.

The minimum investment period is three years (starting from the date of conclusion of the agreement), the maximum period is five years. This paragraph implies that it is allowed to conclude an agreement now, and funds are allowed to be deposited later. The main thing is to do it before December 31st. The minimum period of validity expires on the date of conclusion of the document in three years.

The service of the management company is paid from another deposit account, but not from IIS. Therefore, in most situations, you need to run an additionaldeposit instrument. The type of tax deduction is chosen before making funds. In the future, you cannot change the decision on the selected type of tax deduction. Combining the two types of deduction is impossible. In cases of early closure, all tax benefits are removed. Now let's move on to discussing the issue of profitability and find out how profitable it is to have such an account and invest in it.

It is better to familiarize yourself with customer reviews of the IIS of Sberbank in advance.

Yield

In the event that, when opening such an account, you choose the opportunity to receive a tax deduction for the contributed finances, then the minimum income from the investment will already be thirteen percent. True, without loss, an investment account can be closed after three years.

Thus, the minimum return without risk will be about four percent per year. In order to achieve a higher indicator, you need to invest in various financial instruments, whether it be bonds along with stocks or other structured products.

In the event that a person has no experience in trading or he has little time to engage in it on the market, then the best option would be a management strategy so that professionals control his funds for the client. Of course, they will not show a yield of fifteen to twenty percent per annum, but in any case it will turn out to be more than on a deposit in Sberbank.

According to reviews, the profitability of IIS is quite difficult to predict.

It is better for everyone to start studying information about investing and form for themselvesindividual portfolio of bonds and stocks. It is recommended to invest 50% capital in blue chip stocks. Let the remaining twenty-five go to the second tier and exactly the same number to Russian high-quality bonds.

Benefits

The following advantages of this financial instrument are highlighted:

• The availability of investment opportunities even for clients who do not understand the principles of the functioning of stock exchanges.
• Getting big profits compared to making a simple deposit.
• The amount required for investment is affordable even for novice investors, according to reviews of Sberbank IIS.
• Providing tax relief.
• An excellent opportunity for novice investors to understand the stock markets, get the first experience in capital investment.

Are there any negative points?

Flaws

This account has some drawbacks. They are usually as follows:

• IIS, whatever one may say, is still a risky investment option. In this case, there are no government guarantees.
• Such an investment tool is better to use during the period of economic recovery.
• There are difficulties in determining the type of deduction that the owner wants to receive, since this must be done immediately, before transferring funds to the management company.
• The integrity of the management agency's reports is very difficult to trace. Yieldis a variable and unstable value, and a company, receiving a large profit, can file a declaration for only a small part of it.

How to open such an account in Sberbank?

You can manage your IIS funds yourself, you have to buy and sell various shares along with bonds and other securities on the stock exchange. In this situation, Sberbank of Russia provides only brokerage services, that is, a trading platform.

Also, the management of funds can be transferred to trust management companies, which will invest them at their discretion. That is, the client opens an account with Sberbank, after which all funds are transferred to the management of the selected organization.

To open such an account with Sberbank, you need to contact the branch that provides such a service, that is, you can open a brokerage financial instrument. You can also call the customer support hotline to check the list of branches in your city.

After that, you need to make an appointment, as the queue, as a rule, signs for several days in advance. To find out whether the client will be accepted and what documentation is needed, and if necessary, make an appointment, you can call any of the branches, which are prompted by the operators working on the hotline in the city.

When a client comes to a branch of Sberbank without a preliminary call, you can open a regular deposit account, you will need it to launch an investment account. The opening procedure requirespassport.

After registration, just before replenishment for a certain amount, you need to choose a managing institution that will manage the client's funds in order to make a profit. This will be needed in the situation if the person himself does not understand the work of the stock markets. For the services of the management company, you will have to pay a certain commission, and at the same time incur some costs.

According to reviews of Sberbank Premier IIS, even an inexperienced beginner can make a high profit.

How can a customer get a Type 1 tax deduction?

It is worth recalling that choosing such an account is beneficial for people with official confirmed income. To receive a tax deduction on contributions, you must contact the inspection with the following documents:

• Providing a tax return in the form of 3-personal income tax. It must be submitted at the end of the year (that is, the tax period) by April 30 of the following year.
• Papers officially confirming the income of the client, from which the 13% tax was regularly paid during the year (most often this is a standard certificate from the place of work).
• Documents that confirm the contribution to the IIS.
• Providing an application of the established form for the return of the deduction for the amount of the contribution. This application requires bank account details in order to receive a tax refund.

How can a customer get a Type 2 tax deduction?

In order to be exempt from taxation, the broker mustprovide a certificate from the inspection that the client did not receive any deductions on their contributions throughout the entire period. In such a situation, the broker will not be charged the required thirteen percent income tax on profits. In the event that the IIS was closed earlier than the permissible deadlines, then thirteen percent of taxes will be deducted from the closing profit.

Thus, IIS are created in general to improve the financial literacy of people, which allows you to raise the investment market, improving the work of the stock market, which leads to economic growth in the country. In the event that citizens learn to invest by understanding the workings of the market, instead of simply habitually keeping their finances under the pillow or at a small interest in the bank, the money will be in circulation, and the economy will develop more rapidly.

According to reviews, opening an IIS in Sberbank is quite simple, and you can get a double benefit. First of all, income in the form of a tax break. And besides, profit from trading on the stock exchange. In any situation, a very high yield is expected compared to making a regular deposit in a bank. But the proposed tool has certain disadvantages associated with the limit. In this regard, issues on its revision and timing are currently being resolved.

Is it worth opening an IIS in Sberbank, according to reviews?

Is it worth opening?

Let's give some important facts why it is profitable to open IIS.

• Reliability. Agreement to this effectis concluded directly with the managing organization of Sberbank. The shareholder is PJSC Sberbank. That says a lot, especially reliability.
• Management strategy on an investment account. In Sberbank, you can choose one of two management strategies. In the event that a person does not want to trade on the market on his own, then, as noted earlier, he can entrust this business to specialists. Professionals will control the money. The client will only need to choose a strategy: a ruble or dollar bond.
• Availability of convenience in replenishment of the account. Feedback on the opening of IIS in Sberbank is positive. You can replenish it for free by transferring to Sberbank-Online. For convenience, among other things, you can set up automatic payment, and certain amounts will be transferred monthly, for example, from a salary card.

Personal account

What is the "Personal Account" of IIS Sberbank?

Another of, perhaps, the most notable amenities is the presence of a "Personal Account", in which you can view absolutely all the information with reports on your account. Thus, customers are provided with proof of the transparency of the entire financial system of this banking organization.

Company managing IIS - "Sberbank-Asset Management"

You can open IIS today in some branches of this bank. It should be borne in mind that the contract itself is signed directly with the management company, that is, with Sberbank Asset Management (the former largest and oldest investmentorganization formerly known as Troika Dialog).

Ruble bonds

There are also reviews of Sberbank IIS and ruble bonds.

The client's assets are invested in diversified portfolios denominated in rubles of municipal, state and corporate bonds. Funds can also be invested in currencies and financial instruments for the purpose of portfolio hedging. It usually maintains a high level of diversification. The strategy assumes active management of the debt market sectors, which largely depends on the market situation. The strategy aims to generate a yield that exceeds inflation with ruble bank deposit rates through coupon income, an increase in market value, and, in addition, active management of the bond portfolio of Russian issuers with limited risk.

By activating a strategy called "Ruble bonds" in Sberbank, customers do not waste their time at all on researching the situation on the stock markets. Only professionals do it for them. For example, it is reported that in one year the yield can be about twenty percent, subject to a conservative investment strategy. This is a good result, especially when compared with other Sberbank products like deposits. Next, we will find out what clients who have opened such an account with this banking institution write on the Web.

Customer Reviews

Consider reviews of the IIS of Sberbank. People write that when they open an investment account, they don’twhich they did not regret. According to clients, this financial instrument has many advantages, which makes investing in the stock markets through Sberbank very comfortable, and at the same time very convenient. For example, consumers like the ability to set up automatic payment. Investors praise the IIS of Sberbank in addition to holding regular training seminars along with providing a free subscription to the latest news and reviews.

The comments say that in order to get answers to certain questions, it is not at all necessary to go to the branch, but you can always contact the prompt consultation by e-mail or phone. Thus, based on the majority of depositors' reviews of IIS in Sberbank, we can safely say that most customers are satisfied with the described banking service and consider it very profitable, featuring a large number of different advantages that help to make good profits.