Russia: Strategic developments in Moscow
On November 20, the Ministry of Labor and Social Protection of the Russian Federation has submitted this proposal for public discussion. The allowable limit for account balances should not exceed twice the total annual income of the family. That is, it concerns the amount exceeding all payments to the family by 200% - salaries, social benefits, bonuses, income from self-employment and other types of income and payments. If the total volume of payments to family accounts is less than this amount, the benefit will be assigned, - the department reported. From January 1 until April 1, account balances will be taken into account for analytical purposes, that is without influencing the decision on granting the payment. For evaluating account balances, transfers between family members, credit funds, tax deductions, income from property sales will not be taken into account if they are documented, added in the ministry.
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