As of May 1, 2024, within the framework of the National Fund for Children program, UAPF JSC executed (transferred to authorized operators for crediting to the bank accounts of applicants) 5,845 applications for a total amount of 585,641.64 US dollars, of which for the purpose of improving housing conditions, 2,634 applications were fulfilled in the amount of 263,664.90 US dollars, for payment of education - 3,211 applications in the amount of 321,976.74 US dollars.
Note that the recipient of target savings has the right to use both the entire amount due to him and part of it, while the balance of the unused amount remains in the target savings account (TSA).
Let us recall that in February 2024, the first TSA payments began to be received in the UAPF for citizens who reached 18 years of age in 2024, as part of the National Fund for Children program. According to the program, 50% of the investment income of the National Fund of the Republic of Kazakhstan (hereinafter referred to as the National Fund) is annually distributed among child citizens of the Republic of Kazakhstan of all ages up to 18 years.
TSA funds are intended to be used to improve housing conditions and pay for education through authorized operators who have entered into appropriate agreements with the UAPF, and are stored in US dollars. After reaching the age of majority, recipients of targeted savings can use them for the specified purposes.
The authorized operator for the use of targeted savings for housing is Otbasy Bank Housing Construction Savings Bank JSC.
You can use targeted savings for education through two authorized operators - Otbasy Bank Housing Construction Savings Bank JSC and Halyk Bank of Kazakhstan JSC.
Housing Improvement
The most active among those who chose to use funds to improve their living conditions were residents of Shymkent (526 applications were executed in the amount of 52,870.40 US dollars), in second place were residents of the Kyzylorda region (354 applications were executed in the amount of 35,582.52 US dollar), in third place are residents of Astana (204 applications were completed in the amount of US $20,399.30.
At the same time, the most popular sub-goals for using funds were: replenishing the deposit in housing construction savings for further accumulation (2,502 applications were completed in the amount of 250,502.02 US dollars), purchasing a home as a property under civil law transactions (final settlement) - 37 applications per the amount of 3,718.20 US dollars, making a down payment to obtain a mortgage loan for the purchase of a home – 32 applications in the amount of 3,215.08 US dollars.
Payment for Education
The most active Kazakhstanis who used funds to pay for education were residents of the city of Shymkent (584 applications were executed in the amount of 58,613.30 US dollars), in second place were residents of the Zhambyl region (322 applications were executed in the amount of 32,312.44 US dollars), in third place are residents of the Zhetisu region (287 applications were completed in the amount of 28,772.44 US dollars).
Among the most popular subgoals in this area, one can highlight payment for educational services of educational organizations located on the territory of the Republic of Kazakhstan, in shares (for each academic period or academic year) or in full at a time (for the entire period of study) - while 2,684 applications for the amount of 269,052.22 US dollars. In second place in popularity is replenishment of an educational savings deposit under an educational savings deposit agreement (386 applications were completed in the amount of 38,762.64 US dollars), in third place is payment for educational services of foreign educational organizations in shares (for each academic period or academic year) or in full at a time (for the entire period of study) (95 applications were completed in the amount of 9,539.52 US dollars).
Let us remind you that the amount will increase annually due to the growth of the National Fund and the receipt of investment income. In addition, the accrued funds will continue to be invested as part of the National Fund’s assets and bring additional investment income to children participating in the program until they reach the age of 18.
The total number of program participants as of 01/01/2024 is 6,919,131 children (children born from January 01, 2006 to December 31, 2023 inclusive). Of these, 304,815 participants will turn 18 years old in 2024 (children born from January 01, 2006 to December 31, 2006 inclusive). They were all awarded the same target claim amount of $100.52.
Parents or other legal representatives of a minor can check information about including a child in the list of participants in target requirements on the website kids.enpf.kz using the child’s IIN, where you can familiarize yourself with the terms of the program, receive instructions, and answers to questions of interest.
Parents can also check data on accruals for each child in their personal account on the egov.kz portal.
Kazakhstanis who turn 18 in 2024 can independently check the receipt of funds for the TSA through their personal account on the UAPF Internet resource and (or) the “electronic government” web portal.
Statistical reports on accruals by age and regions of the republic are posted on the website enpf.kz.
Detailed information on payments of targeted savings in order to improve housing conditions and (or) pay for education in the context of authorized operators and regions can be found on the website enpf.kz.
