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The Ministry of Finance proposed benefits for individuals who arrange pensions themselves

The Ministry of Finance proposed benefits for individuals who arrange pensions themselves

The Ministry of Finance and the Central Bank have developed a roadmap of personal pension scheme.

Under this scheme Russian citizens will have an opportunity to make voluntary pension savings co-financed by employers and the government. The benefits include personal income tax deductions for individuals and reduced profits tax payments for employers.

The Ministry of Finance plans to prepare and submit the draft law to the State Duma shortly.