They want to propose to the Central Bank of Russia to reduce the validity period of the Individual Investment Account (IIS-3) from 10 to five years, the newspaper reported. “News” at the National Association of Stock Market Participants (NAUFOR).
NAUFOR President Alexey Timofeev stated that if the IIS-3 is not viable for a long time, it could become a popular tool. He emphasized that there is no investor in the stock market ready to create its 10-year financial plan.
In addition to shortening the maximum validity period, NAUFOR will offer other options to the Central Bank, including conversion from IIS-1 to IIS-3 after three years.
Also among the alternatives is that they can offer a gradual increase in the amount of tax deduction depending on the validity of the account and offer the investor the option to “borrow” from IIS.
Dmitry Lesnov, Head of Finam’s Customer Service Development Department, believes that the reduced validity period of IIS-3 will affect citizens’ interest in this tool.
In April, it was reported that the Russians. augmented investments in gold 88% – up to 420 billion rubles.