Like in banks: the state will insure exchange investments of citizens in the amount of up to 1.4 million rubles



    Last week it became known that a system of insurance of individual investment accounts (IIS) of citizens will appear in Russia - the Central Bank of the Russian Federation published relevant proposals. Now the money and securities that citizens hold in these accounts will be insured by analogy with ordinary bank deposits. Read about what IMS is and how assets in such accounts will be protected - read in our new material.

    What is IIS


    IIS is a brokerage account that gives its owner an individual the right to tax benefits of two different types. Individual investment accounts have been earned in Russia since January 1, 2015. At first it was possible to place up to 400,000 rubles on them, but this year the amount grew to 1 million rubles. with the possibility of adding 400,000 rubles. during two years.

    One of the main reasons for the emergence of a new investment tool was the desire of the state to increase market liquidity - it was necessary to attract people who had not traded on them before but had sufficient funds to do so. Two options of benefits were offered to owners of IIS.

    The first type of benefit - a tax deduction of 13% of the amount deposited - is suitable for people who are not going to try their hand as an active investor, but just want to keep their money not “at home under their pillows”.

    It works like this - if a person in 2017 deposits, for example, 400 thousand rubles, then a tax deduction of 52 thousand rubles (13%) for this year will be returned to him. Money can be paid even in December, and already in January receive a deduction. At the same time, there is no ban on investment - you can use money from IIS to trade on the stock exchange, get profit from this and save the right to receive a deduction.

    If the owner of an individual investment account did not receive a deduction, but used the account to trade on the exchange, then after three years the profit from operations on the investment account is exempt from income tax.

    According to the Moscow Exchange, in the second quarter of 2017, more than 231 thousand such accounts were opened. Of these, 88 thousand accounts are active, the IIS turnover at exchange trading during this time amounted to about 20 billion rubles.

    How insurance will work


    According to the plans of the Central Bank, securities and money insurance on individual investment accounts will be covered by a special structure independent of the central bank and the Deposit Insurance Agency (DIA), which protects citizens' deposits in banks. The new fund will be filled with quarterly contributions from professional market participants (for example, brokers and banks).

    Insurance will not extend to market risks - if the investment incurs a loss, no one will compensate for it, but the new system should protect against bankruptcy of a broker or a bank providing brokerage services.

    The volume of assets on the IIS falling under protection will amount to 1.4 million rubles - by analogy with the conditions for deposit insurance. The introduction of an investment insurance system will attract new retail investors to the market. Ultimately, the Central Bank does not want to give advantages to traders over bank depositors.

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