Publication date: 04.06.2024
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How to pay voluntary pension contributions for yourself
1. Introduction
Voluntary pension contributions allow citizens to independently provide for their future by increasing the amount of pension payments. In this article, we will look at how to make voluntary pension contributions for yourself, the steps you need to take and the requirements you need to meet.
2. Legislative framework
2.1. Basic normative acts
Issues of voluntary pension insurance are regulated by the following normative acts:
Law of Ukraine "On mandatory state pension insurance".
Law of Ukraine "On non-state pension provision".
Resolution of the Cabinet of Ministers of Ukraine "On Approval of the Procedure for Voluntary Participation in the Mandatory State Social Insurance System".
2.2. Determination of voluntary contributions
Voluntary pension contributions are payments that citizens can make to the Pension Fund of Ukraine or non-state pension funds to increase future pension payments.
3. Who can make voluntary contributions
3.1. Categories of persons
Voluntary pension contributions can be made by:
Individuals who are not employed and are not insured persons.
Persons who wish to increase their insurance experience or the amount of pension payments.
Citizens of Ukraine working abroad.
3.2. Conditions of participation
In order to make voluntary pension contributions, it is necessary to conclude an agreement on voluntary participation in the mandatory state social insurance system or with a non-state pension fund.
4. Contract conclusion procedure
4.1.Choosing a pension fund
Before concluding the contract, it is necessary to choose a pension fund - state or non-state. It is important to familiarize yourself with the conditions and services provided by the fund and choose the most convenient option.
4.2. Signing a contract
To conclude an agreement with the Pension Fund of Ukraine, you must:
Contact the territorial body of the Pension Fund.
Apply for a contract.
Submit your passport, identification code and other necessary documents.
Get acquainted with the terms of the contract and sign it.
In the case of concluding an agreement with a non-state pension fund, the procedure may be slightly different, but the general principles remain similar.
5. Payment of voluntary contributions
5.1. Amount of contributions
The amount of voluntary contributions is determined by the contract. It can be fixed or change depending on the financial capabilities of the payer. It is important to determine the optimal amount of contributions to ensure a sufficient level of pension benefits in the future.
5.2. Payment procedure
Payment of contributions can be made monthly, quarterly or once, depending on the terms of the contract. Payments can be made:
Through banking institutions.
Through online services and electronic payment systems.
Through post offices.
5.3. Control of payment of contributions
The payer must monitor the timeliness and completeness of payment of contributions. Pension funds provide an opportunity to check account status and payment history through a personal account on the official website or through other available means.
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