VTB introduces trial period for long-term savings plans

VTB introduces trial period for long-term savings plans

Take a Risk-Free Journey with VTB Pension Fund's Long-Term Investment Trial 🌟

Worried about diving into long-term investments? VTB Pension Fund has got you covered! They've introduced a one-of-a-kind "test drive" feature for their long-term savings program, allowing you to test the waters without any commitments.

You heard that right! Now, you can join this program and jump off at any time, no questions asked. Got an urgent need for cash? Withdraw your hard-earned money, including your contributions and investment returns, without worrying about any hefty reduction penalties that could reach up to 20% within the first year with other funds. 🤔

Nikolai Dubakin, Director of Product and Digital Sales Development at VTB Pension Fund, explains the no-risk policy: "For those who are on the fence about long-term investments, we offer a stress-free exit strategy. If you're not feeling the vibe or need your money pronto, we'll return it in full – no penalties, no hassle." 🤝

Ready to hop on board? Sign up online on the VTB Pension Fund website and enjoy all the benefits of their standard program. Benefits? Yes, please! Besides earning investment returns from VTB Pension Fund, you can beef up your savings thanks to government financial support, which can max out at 36,000 rubles each year for the first 10 years of participation. On top of that, you can annually reclaim up to 88,000 rubles of your contributions as a tax deduction, based on your tax rate. 💰

Warning: Although the "test drive" option offers flexibility, terminating a Pension Savings Contract early does come with some legal consequences. You'll lose the right to receive government support for long-term savings, including for new contracts, the next year after receiving your total payout – that's the amount you'll be returned upon termination. If you've enjoyed any tax deductions, they'll be subtracted from your payout. Plus, your investment returns will be subject to income tax.

Withdrawals can be made 15 years after the Pension Savings Contract is signed or upon reaching 55 for women and 60 for men, or in extraordinary life situations.

Services are brought to you by JSC NPF VTB Pension Fund. License No. 269/2, provided by the Federal Financial Markets Service on 18.10.2007.

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1. With VTB Pension Fund's unique test drive feature for long-term savings, personal-finance concerns might not stand in the way of possible investment opportunities, such as the VTB Pension Fund's long-term investment trial.
2. Upon registration with the VTB Pension Fund, you may be eligible for a tax deduction, based on your tax rate, amounting to up to 88,000 rubles annually for your contributions to your pension savings contract.
3. In case you need to withdraw funds from the VTB Pension Fund's program before the normal withdrawal age or the 15-year contract duration, you can do so without stringent reductions penalties, unlike with some other funds.
4. Yearly contributions to the VTB Pension Fund can Edge closer to the maximum government support of 36,000 rubles each year for the first 10 years of participation, offering attractive financial benefits for your personal-finance planning.

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