They plan to allow Matkapital to be allocated to a long-term savings program

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09:41; 22 April 2025 year
изображение сгенерировано ИИ

© изображение сгенерировано ИИ

The Russian authorities are discussing the possibility of introducing a new use case for maternity capital - to direct it to a long-term savings program, cumulative life insurance and individual investment accounts open to children. This is reported by the newspaper «Izvestia»lt;/a>.

The Ministry of Finance and private market participants support this proposal, in their opinion, it will allow a family with good housing conditions to form long-term capital and increase funds. 

Russian President Vladimir Putin had previously instructed the development of a new product, family investments. In December 2024, he proposed to establish a benefit under such a program in the form of an increased tax deduction of up to 1 million rubles per year. Putin instructed the government and the Central Bank to determine the parameters of such a family support mechanism.

The Ministry of Finance then suggested that the range of family investment instruments would be based on the mechanisms currently in force: individual investment accounts, a long-term savings program and life insurance, which provide for a single tax deduction from investments of up to 400 thousand rubles.