Officials Plan Tax Breaks to Get Russians Saving for Retirement

</p> <p>Russian officials could soon raise income taxes for workers who don’t make payments to a private pension fund in a bid to encourage Russians to save for retirement.</p> <p>The new plans put forward by Russia’s Economic Development and Trade Ministries would see taxes rise from 13 to 15 percent for workers not contributing to an individual pension fund,<a target="_blank" href="//www.vedomosti.ru/economics/articles/2017/03/10/680601-minekonomrazvitiya-obsuzhdaet" rel="noopener"> the Vedomosti newspaper reported Friday.</a></p> <p>Russians saving at least 10 percent of their income for retirement would, in turn, be rewarded with a 3 percent tax break. Anyone paying between 4 percent and 9 percent would see their income tax remain at a flat 13 percent rate.</p> <p>The proposals have not yet been finalized, but a draft agreement has already been approved by Deputy Prime Minister Igor Shuvalov, Vedomosti reported.</p><div class="bztvc65e7290a38c19" ><!-- Yandex.RTB R-A-749142-1 --> <div id="yandex_rtb_R-A-749142-1"></div> <script type="text/javascript"> (function(w, d, n, s, t) { w[n] = w[n] || []; w[n].push(function() { Ya.Context.AdvManager.render({ blockId: "R-A-749142-1", renderTo: "yandex_rtb_R-A-749142-1", async: true }); }); t = d.getElementsByTagName("script")[0]; s = d.createElement("script"); s.type = "text/javascript"; s.src = "//an.yandex.ru/system/context.js"; s.async = true; t.parentNode.insertBefore(s, t); })(this, this.document, "yandexContextAsyncCallbacks"); </script></div><style type="text/css"> @media screen and (min-width: 1201px) { .bztvc65e7290a38c19 { display: block; } } @media screen and (min-width: 993px) and (max-width: 1200px) { .bztvc65e7290a38c19 { display: block; } } @media screen and (min-width: 769px) and (max-width: 992px) { .bztvc65e7290a38c19 { display: block; } } @media screen and (min-width: 768px) and (max-width: 768px) { .bztvc65e7290a38c19 { display: block; } } @media screen and (max-width: 767px) { .bztvc65e7290a38c19 { display: block; } } </style> <p>Russians have generally been forced to cut back on savings amid the country’s economic crisis, data from Moscow’s Higher School of Economics suggests.</p> <p>A quarter of Russians started saving less or stopped saving altogether in 2016 while 12 percent were forced to spend their savings.</p> <p>More than half said that they had no savings at all, Vedomosti reported.</p> </div> </div> <div class="wp-block-template-part"> <div style="height:0" aria-hidden="true" class="wp-block-spacer"></div> <div class="wp-block-group has-global-padding is-layout-constrained wp-block-group-is-layout-constrained" style="margin-top:var(--wp--preset--spacing--70)"> <hr class="wp-block-separator alignwide has-css-opacity is-style-wide"/> <div class="wp-block-columns alignwide has-small-font-size is-layout-flex wp-container-core-columns-layout-1 wp-block-columns-is-layout-flex" style="margin-top:var(--wp--preset--spacing--30)"> <div class="wp-block-column is-layout-flow wp-container-core-column-layout-1 wp-block-column-is-layout-flow"> <div class="wp-block-group is-layout-flex wp-container-core-group-layout-4 wp-block-group-is-layout-flex"> <p> Posted </p> <div class="wp-block-post-date"><time datetime="2017-03-09T10:31:48+00:00">March 9, 2017</time></div> <p> in </p> <div class="taxonomy-category wp-block-post-terms"><a href="https://cultureru.com/category/news/" rel="tag">News</a></div> </div> <div class="wp-block-group is-layout-flex wp-container-core-group-layout-5 wp-block-group-is-layout-flex"> <p> by </p> <div class="wp-block-post-author"><div class="wp-block-post-author__content"><p class="wp-block-post-author__name">admin</p></div></div> </div> </div> <div class="wp-block-column is-layout-flow wp-container-core-column-layout-2 wp-block-column-is-layout-flow"> <div class="wp-block-group is-vertical is-layout-flex wp-container-core-group-layout-6 wp-block-group-is-layout-flex"> <p> Tags: </p> </div> </div> </div> </div> </div> <section class="wp-block-template-part"> <div class="wp-block-group has-global-padding is-layout-constrained wp-block-group-is-layout-constrained" style="padding-top:var(--wp--preset--spacing--40);padding-right:var(--wp--preset--spacing--40);padding-bottom:var(--wp--preset--spacing--40);padding-left:var(--wp--preset--spacing--40)"> </div> </section> </main> <footer class="wp-block-template-part"> <!-- Yandex.Metrika counter --> <script type="text/javascript" > (function(m,e,t,r,i,k,a){m[i]=m[i]||function(){(m[i].a=m[i].a||[]).push(arguments)}; m[i].l=1*new Date(); for (var j = 0; j < document.scripts.length; j++) {if (document.scripts[j].src === r) { return; }} k=e.createElement(t),a=e.getElementsByTagName(t)[0],k.async=1,k.src=r,a.parentNode.insertBefore(k,a)}) (window, document, "script", "https://mc.yandex.ru/metrika/tag.js", "ym"); ym(45733521, "init", { clickmap:true, trackLinks:true, accurateTrackBounce:true }); </script> <noscript><div><img decoding="async" src="https://mc.yandex.ru/watch/45733521" style="position:absolute; left:-9999px;" alt="" /></div></noscript> <!-- /Yandex.Metrika counter --> <div class="wp-block-group has-global-padding is-layout-constrained wp-block-group-is-layout-constrained"> <div class="wp-block-group alignwide is-content-justification-space-between is-layout-flex wp-container-core-group-layout-10 wp-block-group-is-layout-flex" style="padding-top:var(--wp--preset--spacing--40)"> <p class="wp-block-site-title"><a href="https://cultureru.com" target="_self" rel="home">Culture</a></p> <p class="has-text-align-right"> Proudly powered by <a href="https://wordpress.org" rel="nofollow">WordPress</a> </p> </div> </div> </footer> </div> <script type="text/javascript">(function(w,doc) { if (!w.__utlWdgt ) { w.__utlWdgt = true; var d = doc, s = d.createElement('script'), g = 'getElementsByTagName'; s.type = 'text/javascript'; s.charset='UTF-8'; s.async = true; s.src = ('https:' == w.location.protocol ? 'https' : 'http') + '://w.uptolike.com/widgets/v1/uptolike.js'; var h=d[g]('body')[0]; h.appendChild(s); }})(window,document); </script> <div style="text-align:left;" data-lang="ru" data-url="https://cultureru.com/officials-plan-tax-breaks-to-get-russians-saving-for-retirement/" data-mobile-view="true" data-share-size="20" data-like-text-enable="false" data-background-alpha="0.0" data-pid="cmsculturerucom" data-mode="share" data-background-color="#ffffff" data-share-shape="round-rectangle" data-share-counter-size="12" data-icon-color="#ffffff" data-mobile-sn-ids="fb.vk.tw.wh.ok.vb." data-text-color="#000000" data-buttons-color="#FFFFFF" data-counter-background-color="#ffffff" data-share-counter-type="common" data-orientation="fixed-left" data-following-enable="false" data-sn-ids="fb.vk.tw.gp.4t.tb.ps.lj.li.ms.bl.dg.sb.ev.dl.ln." data-preview-mobile="false" data-selection-enable="true" data-exclude-show-more="false" data-share-style="1" data-counter-background-alpha="1.0" data-top-button="false" class="uptolike-buttons" ></div> <script id="wp-block-template-skip-link-js-after"> ( function() { var skipLinkTarget = document.querySelector( 'main' ), sibling, skipLinkTargetID, skipLink; // Early exit if a skip-link target can't be located. if ( ! skipLinkTarget ) { return; } /* * Get the site wrapper. * The skip-link will be injected in the beginning of it. */ sibling = document.querySelector( '.wp-site-blocks' ); // Early exit if the root element was not found. if ( ! sibling ) { return; } // Get the skip-link target's ID, and generate one if it doesn't exist. skipLinkTargetID = skipLinkTarget.id; if ( ! skipLinkTargetID ) { skipLinkTargetID = 'wp--skip-link--target'; skipLinkTarget.id = skipLinkTargetID; } // Create the skip link. skipLink = document.createElement( 'a' ); skipLink.classList.add( 'skip-link', 'screen-reader-text' ); skipLink.href = '#' + skipLinkTargetID; skipLink.innerHTML = 'Skip to content'; // Inject the skip link. sibling.parentElement.insertBefore( skipLink, sibling ); }() ); </script> <script id="pt-cv-content-views-script-js-extra"> var PT_CV_PUBLIC = {"_prefix":"pt-cv-","page_to_show":"5","_nonce":"4b92e82513","is_admin":"","is_mobile":"","ajaxurl":"https:\/\/cultureru.com\/wp-admin\/admin-ajax.php","lang":"","loading_image_src":"data:image\/gif;base64,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"}; var PT_CV_PAGINATION = {"first":"\u00ab","prev":"\u2039","next":"\u203a","last":"\u00bb","goto_first":"Go to first page","goto_prev":"Go to previous page","goto_next":"Go to next page","goto_last":"Go to last page","current_page":"Current page is","goto_page":"Go to page"}; </script> <script src="https://cultureru.com/wp-content/plugins/content-views-query-and-display-post-page/public/assets/js/cv.js?ver=3.6.1.1" id="pt-cv-content-views-script-js"></script> <script src="https://cultureru.com/wp-content/plugins/page-links-to/dist/new-tab.js?ver=3.3.6" id="page-links-to-js"></script> </body> </html>