Investment accounts number of Bashkiria residents increased by 1.5 times
The number of individual investment accounts (IIA) of Bashkiria residents in January-July this year increased by one and a half times and reached almost 81 thousand, the National Bank reported, citing data from the Moscow Exchange.
In terms of the number of such accounts, Bashkiria still ranks fifth in the country and first in the Volga Federal District.
"The trend towards an increase in the number of IIAs reflects the growth of financial literacy of novice investors," Marat Kashapov, manager of the National Bank of the Bank of Russia for Bashkiria commented on the issue.
The public's interest in individual investment accounts supports their main advantage — the possibility of obtaining tax incentives.
An investor is given the right to one of two types of investment deductions for personal income tax: a deduction of 13% on the amount of an annual contribution of up to 400 thousand rubles (refund of up to 52 thousand rubles annually) or exemption from taxation of the entire amount of income received from IIS (when closing an account).
"With tax benefits, the state motivates the population to invest mainly in domestic companies for at least three years. This is how they receive additional long-term money, and this stimulates the growth of the Russian economy as a whole," summed up Marat Kashapov and at the same time recalled that IIA did not guarantee income. Funds in such an account are not insured.
Therefore, before entrusting your money to a broker or manager, you need to make sure that they have an appropriate license from the Bank of Russia, experts advise.