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Tengrinews.kz - Unified Accumulative Pension Fund (UAPF) transferred more than $8 million to adult participants within the framework of the "National Fund for Children" program.
It is noted that the recipient of target savings (TS) has the right to use the entire amount or part of it. The remainder of the unused amount can be saved in the target savings account (TSA).
"As of March 1, 2025, since February 1, 2024, 75,329 applications for more than $8 million have been executed (transferred to authorized operators for crediting to the bank accounts of applicants). Of these, 43,781 applications for more than $4.65 million were executed for the purpose of improving housing conditions, and 31,548 applications for about $3.35 million were executed for paying for education," the report says.
The most popular sub-purposes for using funds for home improvement:
- replenishment of a contribution to housing construction savings for further accumulation (42,622 applications completed for a total of over 4.53 million dollars),
- making a down payment to obtain a mortgage loan for the purchase of a home – 362 applications for a total of over 37.44 thousand dollars,
- purchase of a home in civil transactions (final settlement) – 325 applications for a total of over 32.81 thousand dollars.
The most popular sub-goals in terms of education payment:
- payment for educational services of educational organizations located in Kazakhstan, in installments (for each academic period or academic year) or in full at one time (for the entire period of study) (27,020 applications completed for more than 2.88 million US dollars),
- replenishment of an educational savings deposit under an agreement on an educational savings deposit (3,421 applications completed for more than 354.24 thousand US dollars),
- payment for educational services of foreign educational organizations in installments (for each academic period or academic year) or in full at one time (for the entire period of study) (971 applications completed for more than 99.78 thousand US dollars).
Earlier, Deputy Prime Minister and Minister of National Economy Serik Zhumangarin announced that Kazakhstan will create a new credit guarantee fund for large businesses.
