Review of NPF Kit Finance: scam or not + real reviews from investors

For those people who think about the future and want to meet old age with dignity, Kitfinansbank operates - a pension fund that provides socially significant services to the population. Dynamic development, humanity, creativity of ideas, progressiveness and ease of cooperation are the main guidelines of the company, allowing us to win the trust of future retirees:

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 2020.

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).

Reliability of NPF "Kit Finance"

Reliability of the fund according to the rating agency "Expert RA":

• 2010, February: B++, transcript: “Acceptable level of reliability.”
• 2010, June: A. The mark is raised to “High level of reliability.”
• 2011, March: A.
• 2011, July: promotion to A+.
• 2012: the assessment remains at the same level. The forecast is “stable” - most likely, the level will not change in the near future.
• 2013-2016: A++. The highest level of reliability with a stable forecast.

2016: The national rating agency gave an “AAA” rating, indicating maximum reliability.

In 2020, the rating was withdrawn from all agencies. The fund was reorganized and became part of the NPF Gazfond.

Advantages and disadvantages

The KIT Finance pension fund was one of the top three in terms of attracting clients and the number of people who entrusted their pensions to the NPF. The growth rate was such that it was rumored that the fund was being specially prepared for sale. The successor also has its pros and cons.

What type of information is presented in the PF personal account?

When you enter the service, you will see your full name, information about the place and time of birth, contact information, and pension number (SNILS).

Here you are:

• Find the amount of points you earned during the time you worked.
• You will be able to calculate the amount of your pension as of the date you requested information.
• View information about your work experience.
• Get information about social payments, including maternal capital.

Complaints and reviews

Throughout the 10 years of the existence of the extensive structure of KIT Finance Bank, clients and rating agencies generally praised the pension fund. Here's what they said about him online.

Increasing pensions for disabled people of group 3 in 2020

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 2020 is very important for them, because they need funds to buy medicine, 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 2020, 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 2020, its size was 4279.14 rubles, in 2020 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 Pension Fund Krasnodar official website personal account

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.

Increasing pensions for disabled people of group 3 in 2020

In 2012, legislation established a fixed social pension benefit, depending on the amount of the labor pension. In 2013, pension benefits were indexed on April 1. After that, every year on this day the pension benefit is indexed depending on the cost of living.

In 2020, pension benefits were indexed by 4%. Full indexing was not carried out due to lack of funds.

In 2020, the pension for people with disabilities was increased by 17.1%. After recalculating the pension for disabled people of group 3, its amount in 2020 was 3,138 rubles.