Under the "National Fund for Children" program, the Unified Accumulative Pension Fund (UAPF) has transferred 5.32 million dollars for deposit into the bank accounts of adult Kazakhstan citizens based on 53,001 applications, as reported by the correspondent of the Kapital.kz business information center, citing fund data.
Of this amount, in 2024, 29,542 applications were fulfilled for improving housing conditions, totaling 2.96 million dollars, and 23,459 applications for education expenses, amounting to 2.35 million dollars.
The most popular sub-goals for using funds for housing improvements included: topping up a deposit in housing construction savings for further accumulation - 28,752 applications were fulfilled for 2.89 million dollars, purchasing housing through civil transactions (final settlement) - 245 applications for 24.57 thousand dollars, and making a down payment for obtaining a mortgage loan for purchasing housing - 232 applications for 23.12 thousand dollars.
The most sought-after sub-goals for education payments were: payment for educational services from institutions located in the Republic of Kazakhstan, either in installments (for each academic period or academic year) or in full at once (for the entire duration of study) - 19,728 applications were fulfilled for 1.98 million dollars, topping up an educational savings deposit under the educational savings agreement - 2,820 applications for 282.97 thousand dollars, and payment for educational services from foreign institutions in installments (for each academic period or academic year) or in full at once (for the entire duration of study) - 790 applications for 79.29 thousand dollars.
"Target requirements for the reporting year 2024, as well as investment income, will be credited to participants of the target requirements no later than February 1, 2025. Additionally, the allocation of target savings to the accounts of Kazakhstan citizens born in 2007, who will turn 18 in 2025, will also be carried out no later than February 1, 2025," the fund clarified. .