Sberbank's individual pension plan: how to calculate profitability?

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

The question of how you imagine your life in retirement, what amount of payments you can count on, begins to arise long before retirement age. And if the previous generation did not have many opportunities to change the situation for the better, then the current 40-45-year-old citizens (or younger, why not) have the opportunity to form their pension now, since the payments guaranteed by the state, most Russians barely have enough to pay for housing and a minimum food basket. Everything else - medicines, clothing, rest, will have to be paid from other sources, unless, of course, you made sure that these sources were available in time. Therefore, it is necessary to think in advance about where to place pension savings. This article will discuss how to increase retirement savings using those programs thatoffers an individual pension plan of Sberbank.

What is NPF?

This is an open-ended fund that has existed since 1995-17-03 and offers participants a wide range of pension plans for individual or corporate use, including a pension co-financing program with state participation. During its work, this pension fund has received many prestigious awards. For example, 2014 was marked for the fund by receiving the Financial Elite of Russia award in the NPF of the Year Grand Prix nomination. In addition, the fund has the highest rating among organizations of its kind in our country, which is quite deserved. According to the national rating agency, Sberbank's pension fund has been assigned an "exceptionally high reliability rating" (A++).

Reviews on the individual pension plan of Sberbank will be considered in this article.

Features of investment policy of NPFs

Employees of this pension fund adhere to the most cautious investment strategy, which is characterized by an optimal ratio of profitability and reliability. The approximate structure of the investment portfolio of pension savings is as follows: about a third of all invested funds are invested in the banking sector, 11% of investments go to the financial sector, another 11% go to government debt, about 7% go to the fuel industry.

The profitability of Sberbank's individual pension plan is of interest to many.

The balance of investment funds is distributed among the most promising sectors of the Russian economy, such as energy, mining, transport, telecommunications, etc. If we talk about financial instruments, then the choice is made in favor of the most reliable and liquid assets. About 60% of the investment funds available in the Sberbank fund are invested in corporate bonds, 15% are placed on deposits, approximately 20% of the funds are used to purchase sub-federal/municipal loan bonds and federal bonds, and only 5% are placed in shares of various companies.

The following management companies are involved in investing financial resources: Kapital, Pension Savings, Region EsM and TKB BNP Paribas, Investment, Partners. One of the most interesting offers of Sberbank is an individual pension plan.

What is this?

Many Russians mistakenly believe that the execution of an individual pension plan will replace the usual state pension. This is by no means the case. This is a kind of additional payment to the main amount of the pension that the state pays. The pensioner has the opportunity to form the amount of this additional payment on his own, using the possibilities of a non-state pension fund. What are the advantages of this method of accumulating funds? Let's take a closer look.

What are the benefits?

In accordance with the individual pension plan of Sberbank(interests will be discussed below) the client has the right to use the social tax deduction. In addition, all pension savings are bequeathed to the heirs. The profitability of this program far covers the growing inflation. In addition, the procedure for registering pension savings is as simple and convenient as possible. This can be done at the nearest bank branch, where you can also receive your accumulated pension.

The client can make contributions both through the branch and with the help of the employer: the accountant will deduct the agreed amount to the fund. In addition, it is possible to issue a one-time payment order, with the help of which the deposit will automatically be transferred to the fund from the client's account. You can get information about the status of your account on the organization's website. This service is provided free of charge. Registration of an individual pension plan is carried out by signing an agreement. Throughout the entire period while the agreement is in effect, the depositor will receive information on the performance of the fund every year, including the profitability of the individual pension plan of Sberbank.

How is the accumulation of funds?

Contributions that go to the bank are placed in securities in order to receive a stable investment income. With the onset of retirement age, the client receives monthly payments from his “earned” pension, the amount of this payment depends on the scheme that was chosen. This could be a defined contribution option. In this case, contributions are paid either as a lump sum when drawing up an individual pension plan.(if the accumulation period is less than 24 months), or in several payments in a manner convenient for the client. The amount of the initial pension contribution is set by the contributor independently, but it must be at least 60,000 rubles (if the accumulation period is less than 24 months) or 1,500 rubles for each subsequent contribution, that is, each subsequent contribution must be equal to 1,500 rubles or more than this amount.

You can calculate Sberbank's individual pension plan at any branch.

Amount of payments

If we talk about the amount of future monthly payments, it depends on the amount that has accumulated in the account and the results of the fund. This scheme involves the implementation of payments of savings for seven years. You can draw up an agreement in favor of another person or assign the payment of pension savings to your spouse or spouse, if he or she outlived the person who executed the agreement. Opening a fixed benefit contract suggests a different scheme. With this option, contributions are transferred every month, every quarter, or at a time.

What is the profitability of Sberbank's individual pension plan? It depends on many factors.

The amount of the contribution determines the future pension. It is chosen by the client independently, or depending on a specific pension scheme. Under the terms of the agreement, pension payments are made for ten or fifteen years, or for the rest of your life. In this case, the accumulated funds orare not subject to inheritance, or are inherited partially. These conditions are discussed with bank employees when signing the contract.

How are payments made?

Payments are assigned at the onset of retirement age and are transferred to the card or to the client's account in Sberbank or in any other bank. Currently, the following types of individual plans are available: universal, guaranteed and comprehensive. Under the universal plan, the amount and schedule for depositing funds is arbitrary, non-state pension is paid out of investment income. Early refunds are available under certain conditions. With a guaranteed plan, you determine the amount of the pension paid and how long it lasts. In accordance with this, the specialist calculates the size and schedule of contributions. The funded pension must be in the pension fund of Sberbank, payments are made in any amount.

Procedure for calculating profitability

Let's take a closer look at the "Universal" individual pension plan at Sberbank. The profitability in the non-state pension fund for 2016 was 9.04%, which is a very good indicator. No other non-state pension fund guarantees you a higher percentage. Consider, using a specific example, what payments you can count on by making a deposit in Sberbank - an individual pension plan. For example, a 40-year-old woman working since 1996 with a monthly salary of 22,000rubles, signed an agreement with the non-state pension fund of Sberbank, intending to replenish the account every month by 1,540 rubles (7% of wages). Based on these data, the total pension payments will amount to 9,808 rubles, 5,171 rubles - under the contract of non-state pension provision, and the funded part will add another 4,637 rubles, the term for paying a non-state pension is 10 years. In total, by retirement, a woman will be the owner of an amount of 227,135 rubles. This is a very average calculation. You can make much more accurate calculations on the Sberbank website using a pension calculator or during a personal visit to a bank branch.

Conclusion

Overall, we can say that this is a profitable offer that, with a minimum of effort and investment on your part, can help you maintain your usual standard of living while in retirement.

We reviewed Sberbank's individual pension plan.