How often can I change an NPF? How to switch from an NPF to a state pension fund

Now there are many pension funds that offer services to citizens on the formation of a pension. Therefore, people have the right to move from one organization to another. How often can I change an NPF? The necessary information is presented in the article.

Basic information

To increase the well-being of people, NPFs were founded. But many still do not know whether it is worth making a transition or leaving everything as it is. As you know, each person has a funded retirement account. Upon employment, remuneration is transferred, part of which is transferred to the Pension Fund. Thus, a person provides himself with income in old age.

An NPF is considered a legal entity controlled by the state. All deposits are insured. Therefore, if the fund stops working, funds are automatically transferred to the FIU. But keep in mind that the NPF competently invests in securities, state corporations, deposits, accounts. Thanks to such activities, a larger income is paid to pensioners.

Top institutions

The NPF rating will allow you to make the right choice of the institution that will be involved in the formation of the pension:

1. NPF Sberbank JSC.
2. NPF GAZFOND.
3. NPO "NPF WELFARE".
4. NPF FUTURE JSC.
5. NPF LUKOIL-GARANT JSC.
6. NPF SAFMAR JSC.
7. OAO NPF RGS.

These are the most sought after and reliable institutions. The rating of non-state pension funds can be continued by other organizations trusted by many people.

Transition frequency

Until December 31, 2014, persons born in 1967 and younger had the right to transfer savings to another institution. Then it can be done once a year. How many times can I change an NPF now? Today, such an opportunity is provided no more than 1 time in 5 years. But the state retained the right of choice for the insured when moving from one organization to another. There are 2 methods now:

1. Urgent. An application for transfer to another NPF is submitted 1 time in 5 years. Guaranteed preservation of investment income.
2. Early. The insured citizen can transfer money according to the old procedure once a year. But previously received investment income is not paid. It turns out that the size of the savings will not be increased, and sometimes it decreases. Therefore, it is beneficial to maintain savings in one institution for at least 5 years to increase pension funds.

How often can I change an NPF? It depends on the transition option.

Transfer

How to switch to another non-state pension fund? It is necessary to choose a new institution, given its profitability. It is also important to pay attention to the number of customers, the amount of personal funds, profit, financial reserves. Then you need to fill out an application, depending on the procedure - urgent or early. In the case of an urgent application, the savings are transferred to the organization 5 years after the previous contract.

And with an urgent transfer, the funds are transferred to the new organization in the next year after the submission of the application, if the application was drawn up after March 1 of the current period. For example, the application was submitted in April 2016, and the money will be transferred from January 1, 2017.

In order for the non-state pension fund to change, you must submit an application to the selected institution. For a personal visit to the organization, you need to have a passport and SNILS with you. Applications are accepted by mail, e-mail. If a person changes his mind to go to an NPF, then he must be sent to a local organization to replace the selected institution by December 31.

Then the application is reviewed.Based on the result, the inspector makes one of the decisions:

1. Permission to transfer money. In this case, an account is created, information is transmitted to the FIU for entering information into the register, and at the end a letter is sent to the insured person.
2. Renouncement. If the decision is negative, the information is not recorded in the register, and the current contract does not terminate. A refusal notification with a reason is sent to the person.

An important factor in the relationship between the insured person and the NPF is the OPS agreement. A passport, SNILS, pension certificate are required. Before signing the papers, you need to familiarize yourself with all the clauses of the contract, designate the heirs, study the rules of a particular organization. How to switch from an NPF to a state pension fund? This procedure is performed in the same way as with non-governmental institutions.

Refusal to work with the fund

It is important to know not only how often NPFs can be changed, but also how to refuse to work with an institution. You must familiarize yourself with the contract, especially carefully read the section on the termination of the document.

Then you need to write an application for termination necessarily in the office of the NPF or file an application with the FIU. It is necessary to indicate further actions with money - transfer to another institution or return of money to the FIU.

What to indicate in the form?

It must specify:

1. Passport data.
2. Decision.
3. Data of the new organization.
4. The size of the savings.

Money transfer is carried out for 3 months from the date of application and application. To notify the fund, you can personally contact the department, send a letter to the address or through your account on the website. If the institution refuses to transfer money to another organization, the court may impose a fine in the amount of 300-500 thousand rubles.

Reasons for refusal

Why could there be a failure? The reasons for this are as follows:

1. Incorrectly written statement.
2. Violation of terms.
3. Incorrect application procedure.
4. Difficulties in identifying the applicant.

With the termination of the contract, the client has its own losses, for example:

1. Saving profits for an incomplete reporting period.
2. Withholding tax 13%. If the money is sent to another non-state pension fund, there will be no fee.
3. Translation costs.

To avoid losses, you need to contact the NPF in advance with a request for transfer rules, and then apply. It usually spells out how often you can change the NPF. Upon the dismissal of the insured person, it is necessary to terminate the OPS agreement in order to transfer to another institution. In this case, the company employee pays for everything.

If work is terminated due to liquidation of the company or for other reasons, the employer must independently pay all expenses. The ideal period is the end of the year to save interest.

Features of the transition of the organization to another non-state pension fund

Not all people and companies are aware of the pension system. Only some know why and why money should be transferred to another institution. Organizations can make the same mistakes as other citizens if they regularly change their NPFs. If you do not know some of the nuances, the company incurs losses:

1. Loss of profit when transferring money in the middle of the year.
2. Payment of tax in the amount of 13% if the capital is returned to the FIU.
3. Costs of transfer to a new institution.

It’s best to switch to another organization no earlier than 5 years after the end of the fiscal year. This will save investment capital.

Advantages and disadvantages of NPFs

Transfer to another fund has its pros and cons. The positive aspects include:

1. High rates.
2. Independent pension formation.
3. Protection against pension reforms related to the conditions for receiving a pension, reduction of payments.
4. The work of organizations is carried out in accordance with the law.
5. Tax benefits are provided.
6. All information about the work is present on the site.
7. Low risk of fraud.
8. Inheritance of a part of the pension.
9. If the NPF does not provide profit for 1 reporting period, then it compensates for the loss of the insured person due to reserves.
10. The fund invests in reliable sources, the list of which is fixed by law.

Among the disadvantages are:

1. Lack of clear indicators for raising pensions - the NPF rate is not fixed in the contract, since it changes every year.
2. Low percentage of return.
3. Invested funds cannot be withdrawn before retirement.
4. The currency of the country is used.
5. The client cannot influence the investment operations carried out inside the NPF.
6. Tax is deducted from accumulated investments.
7. Long term
8. Asset management fundraising.

Thus, the right to choose an organization is assigned to each person. In the absence of any changes, you can freely move from one institution to another.