Retired kings: how the largest pension empire works

History of NPF Kit Finance

The license for the non-state pension fund Kit Finance was issued in December 2007. For 10 years, the company in question has been carrying out pension provision activities. During its activity, this organization was one of the non-state funds that developed quite dynamically.

Keith Finance was an insurer of citizens in the field of compulsory pension insurance . In particular, he took part in a government program aimed at supporting the formation of savings for a future pension. In addition, the organization implemented programs to provide the population with pension payments.

The organization had corporate and private programs. Expert RA agency assigned this company an A++ rating. This indicates a high degree of reliability.

About the fund

The pension fund was part of the KIT Finance Bank structure. It also included a management, brokerage, leasing, and investment company. In addition to Russia, KIT Finance worked in Ukraine, Kazakhstan, and Estonia.

Money flowed into the bank from various sources:

• mortgage loans;
• investment;
• bond underwriting;
• sale of mutual funds to private individuals...

In fact, KIT Finance Bank represented a closed system, which included:

• divisions accumulating money;
• divisions that manage capital (and for different “baskets”).

The KIT Finance Bank pension fund provided an influx of cheap “long-term” money. Cheap because:

• there is no guaranteed payment to the account;
• all losses are also posted to customer accounts;
• profit is fixed once every 5 years;
• all costs are borne by investors.

The bank, according to the official version, became unprofitable as a result of speculation on the stock exchange. I also had to sacrifice the KIT Finance pension fund. As a result, the KIT Finance pension fund operated for 10 years: from 2007 to 2021.

Then it became part of the NPF Gazfond Pension Savings (not to be confused with the NPF Gazfond), to which the following were also merged:

• CJSC NPF Promagrofond;
• CJSC NPF Heritage.

Information

Statistics

Terms and service *

* NPF "Gazfond Pension Savings"

How to enter into and formalize an agreement with the fund: application form

I recommend that you read the information at the link https://gazfond-pn.ru/ipp/ or immediately go to the contract conclusion page https://gazfond-pn.ru/ipp/new-contract/

The agreement can also be concluded at any representative office of the pension fund.

How to transfer pension

You will have to transfer your pension to the NPF Gazfond Pension Savings. This is done through any customer service office https://gazfond-pn.ru/about/requisites/.

At the same time, you need to terminate the agreement with the old NPF and submit an application to the GPRF.

How to find out your savings

The official website of the KIT Finance pension fund no longer exists. Track all savings in your personal account of the successor site.

Two alternatives:

1. A written request to the legal successor for information (issued free of charge once a year).
2. Checking savings through the State Services website.

How to terminate an agreement with a non-state pension fund

NPF "KIT Finance" "dissolved" in the new fund. Therefore, you can interrupt cooperation through your personal account on the official website of the NPF “Gazfond Pension Savings”.

At the same time, an agreement is concluded with the new pension fund, and an application is also submitted to the State Pension Fund of the Russian Federation.

Personal income tax refund

I advise everyone not to refuse the opportunity to return part of the money. Although this requires:

• communication with the tax inspector;
• Providing a declaration, copies of documents, SNILS and a certificate of transfers is in your power to reduce planned losses.

According to the law, you can exercise the right to return personal income tax for 3 years.

I send documents through the tax website. Pros, besides saving time:

• downloading new forms;
• I read news about changes in tax legislation;
• submitting reports;
• I use consultation.

Early retirement

If the agreement with the KIT Finance pension fund has not been renegotiated with the legal successor, the investor receives savings upon the arrival of the period specified in the agreement (“Retirement regardless of age”). Unfortunately, in other cases you will have to wait until retirement age.

Payment of fees

The payment schedule is specified in the agreement (the first payment is within 5 days from the date of signing the agreement, then monthly). The transfer is carried out using the details of the legal successor of NPF “KIT Finance” https://gazfond-pn.ru/about/requisites/.

How to make a payment:

1. On the official website, by clicking the “Make payment” menu button, you are invited to make transfers through your personal account.
2. Online banking (check with the bank operator for the minimum payment amount and commission).
3. Payment at a bank cash desk or terminal.
4. Deductions from salary (an application to the accounting department at the place of work is required).

Reorganization

The company in question ceased operations due to reorganization. Keith Finance was merged with NPF Gazfond. This procedure was carried out in 2021.

All obligations that were assigned to Kit Finance passed to the Gas Fund unchanged. Citizens did not need to draw up new agreements, since the translation was carried out automatically.

Currently, Kit Finance clients use the programs and services provided by Gazfond.

Increasing pensions for disabled people of group 3 in 2021

As of 01/01/2020, the amount of the fixed payment to the disability insurance pension of groups I and II is 5,334.19 rubles. per month.

The fixed payment to the disability insurance pension of group III is 2,667.10 rubles. (50% of RUB 5,334.19).

People with a disability group need social benefits, and increasing pensions for group 3 disabled people in 2021 is very important for them, because they need funds to buy medicines, go to rehabilitation centers and medical care. According to statistics, only 20% of people with disabilities are able to provide themselves with the required standard of living by earning money on their own.

Children with disabilities do not have enough money to provide the necessary standard of living.

This year, pension benefits for people with health problems were indexed by 4.5%. In 2021, there will be an increase in pensions for group 3 disabled people by 4.4%.

Disability group 3 is given to people who have health problems, but can lead the same lifestyle as healthy citizens and engage in light work.

Citizens with disability group 3 are provided with the following benefits:

• 50% discount on payment for housing and communal services (in some regions of Russia this discount can reach 100%): electricity, water supply, major repairs, heating and waste removal;
• for disabled people living in private housing construction, a 50% discount is provided on the purchase of gas, coal, firewood and other types of fuel;
• exemption from payment of property tax for individuals;
• free use of medical services;
• annual free sanatorium-resort treatment, if it helps improve health; in the presence of certain diseases, a separate room is provided;
• free receipt of equipment that increases the level of independence and mobility of a person with disabilities;
• All medications purchased by people with disabilities as prescribed by a doctor are given a 50% discount.

The third disability group is assigned to the following categories of citizens:

• people who require social security;
• citizens who have lost their ability to work due to injuries or any diseases;
• persons who are unable to lead a full life due to health problems.

If this is not officially confirmed, then the pension will not be assigned.

The pension benefit for citizens with group 3 disabilities consists of four parts:

1. Social benefit. Appointed in the absence of work experience to citizens living in Russia.
2. Insurance benefit. Appointed with existing work experience of any length. Having a job and the cause of disability do not affect the receipt of such a pension.
3. Federal benefit. It is prescribed to military personnel, WWII participants and citizens affected by radiation and man-made disasters and astronauts.
4. Additional preferential benefits.

The amount of permanent supplement to the insurance pension benefit, taking into account the increase, will be:

• citizens with disability group 3 who do not have dependents – 2,667.10 rubles;
• disabled people of group 3 with 1 dependent – ​​4,445.16 rubles;
• disabled people of group 3 with 2 dependents – 6,223.22 rubles;
• disabled people of the 3rd group with 3 dependents – 8,001.28 rubles.

Expert opinion

Elena Smirnova

Pension lawyer, ready to answer your questions.

Ask me a question

Social pension benefits for disabled people of group 3 are assigned in the absence of any work experience. In 2021, its size was 4279.14 rubles, in 2021 after indexation on April 1 - 4454.78 rubles. The pension will be increased for all disabled people, regardless of when they received the group.

More on the topic of NPF “Bolshoi” - official website, personal account, profitability

The pension of disabled people of the third group is much less than the benefit for citizens with disabilities of the first and second groups, who receive 9,000 rubles. This is due to the fact that they can work and provide themselves with the required standard of living.

If citizens with disabilities want to know about all the payments they are entitled to, then they need to call the Pension Fund at least once every 90 days and find out about the changes. They will be able to find out whether there will be an increase in pensions for group 3 disabled people.

What website do clients of NPF KIT Finance use now?

While the organization in question carried out its activities, the official website was used, which belonged directly to the Kit Finance Foundation.

Today, clients can use the capabilities of the Gazfond portal, including the “personal account” option.

Important! Kit Finance now does not exist as a separate NPF, since a merger with Gazfond took place in 2021. For this reason, citizens can use their personal account only on the Gazfond website.

Customer Reviews

In addition to the high rating, it is worth keeping in mind customer reviews that relate to the fund and its work differently. Part states complete satisfaction with the activities of KIT Finance, noting that the annual income covers the inflation rate. In addition, the advantages are the convenient service of your personal account, responsiveness of the staff, etc.

Negative reviews relate to some mistakes made by fund employees when servicing clients and the timing of money transfers. Some people are not satisfied with the profitability of the organization.

The presence of negative reviews does not affect the overall positive picture of the NPF, which proves its reliability every year. To confirm this, we can cite figures: the number of people insured under the compulsory pension insurance program has exceeded the 2 million mark.

Is it possible to create a personal account?

In order to register in your personal account, you will need to log into the official NPF portal and enter your SNILS number. Next, the citizen carefully studies the provisions of the policy related to data processing. If everything stated is clear and the person agrees, you need to check the box. Next, press the “Next step” button.

You will be required to enter your mobile phone number. This is necessary in order to gain access to your personal account. An SMS with a code is sent to your mobile phone. Please note that after the first login you will need to change your password.

Only those citizens who have entered into an agreement with a non-governmental organization can go through the registration process. If, after entering the SNILS number, the database displays information about the absence of data about the person, you will need to contact the NPF branch and check the information.

To enter your personal account you need to use a password and SNILS. If a citizen has lost their password, they will need to use the “Forgot Password” tab. Then the system requests consent to process the data. The citizen enters the SNILS number and clicks “Next” to continue the procedure.

The advantages of using this service are that the services are provided online so that the citizen can quickly interact with the fund. A person can find out about the savings in the account, analyze the increase in the amount of funds, deposit money into the account, change information about himself.

About NPF

KIT Finance (JSC KIT Finance Investment Bank) is a Russian investment bank that works with companies, financial institutions and private investors. Created in 1992, in 2008 it was among the top 30 largest banks in Russia. Since 2009, it has undergone a reorganization procedure and was liquidated in 2014 by merging with Absolut Bank OJSC. The headquarters was in St. Petersburg.

It was created in June 1992 in St. Petersburg and was called “Palmyra Bank”. In 2000, Alexander Vinokurov, who had worked in the banking sector since 1993, became its general director. In November 2001, the bank was resold and renamed Web-Invest Bank, and in 2005 changed its name to OJSC KIT Finance Investment Bank.

The bank formed a financial group with subsidiaries: a management company (OJSC), a brokerage company (LLC), a leasing company, a subsidiary investment bank - Aurora Access Securities AS (Estonia), a non-state pension fund, a bank in Ukraine and an investment company in Kazakhstan. De facto, KIT Finance was an investment company with a banking license and a wide sales network.

Profitability

The picture shows the twenty most profitable NPFs in 2021:

As of 2021, it ranked 3rd among all non-state pension funds. In January 2021, already as part of Gazfond, the company was recognized as one of the most successful. The rating of the consolidated funds called NPF "Gazfond" is determined by experts as the highest degree of reliability.

Registration and login to the personal account of Sberbank NPF

NPF Sberbank offers three individual pension plans.

"Universal"

Here you can pay whenever and as much as you want. The initial contribution is only 1,500 rubles, and the amount of subsequent ones starts from 500. The pension is paid for 5 years and belongs only to you: it is not divided in case of divorce and cannot be taken away by third parties. The accumulated funds are inherited.

In situations where you need to return them before reaching retirement age, all previously made contributions are paid. In two years, you can receive half of the investment income, and in five years, all of it. A tax deduction of 13% is available - up to 15,600 rubles per year. Required documents for registration: passport. It can be completed online on the website or at any Sberbank branch.

"Guaranteed"

Unlike the Universal tariff plan, this tariff plan is more specific and fixed. The initial payment coincides with the subsequent ones, and their sizes are fixed in the contract. The document also records the terms of contributions, i.e. a clear schedule and a payment period of 10 years. Early return is the same as in the “Universal” plan.

"Complex"

The two previous plans only support non-state pensions. Comprehensive pays both funded and non-state. To do this, you need to transfer funds to the NPF from the Pension Fund or another NPF. Future payments will depend on savings. Required documents: passport, SNILS. The initial contribution is 1,500 rubles, and further contributions at any frequency from 500. The pension is paid for 5 years. Issued at the department.

Access to the site's pages is open to all citizens of Russia. To access the pension fund service in your personal account, registration is required. To successfully complete this process, you will need to know your SNILS number. This is the same green plastic card that is mandatory for all Russians, regardless of age and social status.

The registration procedure is not difficult. Both individuals and legal entities can open a personal account at the Pension Fund of Russia. The site contains data for policyholders (self-employed persons, employers) and individuals. In this case, the status of the first group must also be documented. These are individual entrepreneurs registered with the tax inspectorate, owners of companies with PAs, as well as JSCs. The pension fund gives this opportunity to all listed Russian citizens.

There are separate accounts for individuals and legal entities. In the upper right corner there is a link “Client Account”, where you can select the desired type.

Gazfond supports 5 basic principles, which are its advantages:

1. Security of funds even in difficult economic situations.
2. The desire to increase their volume.
3. Transparency of the fund's work.
4. Control by government agencies.
5. Highly professional staff with extensive experience.

Reliability of the fund by year according to Expert RA:

• 2016: A “Exceptionally high (highest) level of reliability”, forecast “stable” - the mark will remain at the same level in the near future.
• 2017: ruAAA. Maximum level of reliability of financial stability. The rating outlook is stable.
• 2018: ruAAA. The rating outlook is stable.

Operations on the Russian market through KIT Finance Broker

KIT Finance Broker provides investors and traders with access to exchanges. The user can manage his finances via the Internet and telephone. To work with shares of Russian companies, KIT provides the following tools and exchanges:

• Stock market: trading on the Moscow Exchange market with bonds, shares and fund shares. Transactions with securities can be carried out both on the main sector and on Classica. The first is the main platform for working with shares and bonds of Russian companies. It works in various modes: non-addressed or negotiated transactions, placement and redemption of securities and others. The Classica sector allows you to carry out transactions with securities in dollars.
• Derivatives market: futures and options trading. The assets are commodities, currencies, RTS index, MICEX index, volatility index. To work on the market, it is necessary to deposit 3-20% of the transaction value, which is the client’s security. The exchange commission is significantly lower than on the stock market.
• Foreign Exchange Market: Allows you to convert currencies at the best time or at your own price. The instruments are the most popular pairs: euro/ruble, dollar/ruble, yuan/ruble. The commission is set depending on the turnover (from 0.015%), the exchange commission - from 0.0015% or from 25 thousand rubles.
• Precious metals market: trading in gold and silver is carried out on the Moscow Exchange. There are no time limits, you can hold precious metals for an unlimited time, the minimum lot is 10g of gold and 100g of silver, no loan is provided. Commission 0.2% of the transaction amount.
• Over-the-counter market: transactions are carried out without the participation of the exchange, directly.

KIT finance broker personal account

Reviews

I found the company based on reviews on the Internet.
They didn't help. I gave the last one, they said they would return the advance payment in case of failure. I waited a week. As a result, they called and said that the money would not be returned. Then I found out that I had gone to the wrong site. This is a clone of the company, real crooks. They took advantage of the name of an honest company and steal money from people. Their website is https://brokerkit.ru/ - be careful. I applied for loan assistance on the website https://brokerkit.ru/. They took an advance payment, but could not help with the loan solution. The money was not returned. Scammers in a word. Don't mess with them. I spoke with the manager at 8 495 128 07 46. After 2 days of conversations they did not answer the phone.

Overview of contact information and location

The KIT Finance company is considered a 100% shareholder of the European investment firm AS KIT Finance Europe.

The broker's main office is located at: St. Petersburg, 191119, st. Marata, 69-71, block B, 7th floor, Renaissance Plaza business center.

KIT Finance also has a representative office in Moscow at st. Masha Poryvaeva, 34, DC “Domnikov”, block 1, 10th floor, office. 2.

These are real addresses, but customer visits are available by prior registration. To register, call the following numbers:

• St. Petersburg +7 (812) 611 0000;
• Moscow +7 (495) 981 0606.

Opening hours: 09:00 to 18:00 (Monday to Friday only).

In addition, technical and customer support departments operate on the official website brokerkf.ru:

• technical support – skype Brokerkf.support, email;
• customer support – direct contact number 49552, email