Lump-sum pension payment (LSPP) is the total amount of pension savings formed from compulsory pension contributions and/or compulsory professional pension contributions, as well as investment income (if the customer wishes to include this income for the purpose of receiving payments), withdrawn by the beneficiary from the Unified Accumulative Pension Fund (UAPF) to improve housing terms and conditions.

In accordance with the Law of the Republic of Kazakhstan “On Pension Provision,” the term “threshold of minimum pension savings adequacy” includes the actual amount of a contributor’s pension savings, as well as their future pension contributions and investment income, which will allow them to receive a pension income of at least the minimum pension upon reaching retirement age. The methodology and parameters for calculating adequacy thresholds are determined by a decree of the Government of the Republic of Kazakhstan and are calculated separately for each age.

For more information on adequacy thresholds for using part of your pension savings, please visit the UAPF website at the link below.

Before submitting an application, the customer should first clarify the available amount for partial withdrawal of their pension savings:
• Register or log in to your personal account on the website www.enpf.kz
• Using a one-time password received via SMS to the mobile number registered in the mGov mobile citizens database, access https://cabinet.enpf.kz/porog
• Via the website https://egov.kz

Main terms and conditions for using LSPP in Halyk Bank:

1) Recipients can use the payouts for the purpose of improving their housing terms and conditions:
- Improving housing terms and conditions by making a down payment to obtain a mortgage loan for the purchase of housing;
- Partial or full repayment of debt on a mortgage loan in Halyk Bank;
- Partial or full repayment of debt on a mortgage loan at another second-tier bank;
- Refinancing a mortgage loan.
2) The recipient is entitled to transfer the payouts to close relatives upon confirmation of family relations. In this case, the pension payouts of the recipient’s spouse (if applicable), close relatives of the recipient are credited to a special account of the recipient, which can be used exclusively for the intended purposes.
3) Recipients can use the payouts an unlimited number of times and without restriction on the number of chosen purposes within the limits of their pension savings;
4) LSPP can be used simultaneously with their own and/or borrowed funds (except for partial early repayment of a loan in Halyk Bank);
5) Ownership of housing by the recipient is not grounds for refusal to receive and use the LSPP;
6) The recipient is not allowed to use the payouts to acquire real estate owned by the spouse, close relatives of the applicant and/or recipient.
7) LSPP can only be used via cashless transactions and only for the chosen purposes;
8) Documents confirming the intended use of LSPP funds should be provided to the Bank within 10 business days from the date they are credited to the special account. Otherwise, the Bank should return the funds to the Unified Accumulative Pension Fund (UAPF), notifying the recipient.
9) The sale of real estate registered in ownership using LSPP payouts is not permitted within 5 (five) years. This rule regarding the disposal of real estate registered in ownership using LSPP payouts applies only to mortgage loans from 01.01.2021, as well as those with a remaining repayment period of more than 5 years and outstanding debt.

Payments may be used by the recipient at Halyk Bank only for the following purposes related to improving housing terms and conditions:
- Improving housing terms and conditions by making a down payment to obtain a mortgage loan for the purchase of housing;
- Partial or full repayment of a mortgage loan at Halyk Bank;
- Partial or full repayment of a mortgage loan at another second-tier bank;
- Refinancing a mortgage loan.

If you want to purchase housing without a mortgage (full redemption) using your LSPP, you need to contact a different program operator (to another STB) for early withdrawal of your pension savings. You can find a list of program of operators by following the link

1. a participant of the Great Patriotic War, a person equated in benefits to participants of the Great Patriotic War, and a combat veteran on the territory of other states
2. a person awarded orders and medals of the former USSR for selfless labor and impeccable military service in the rear during the Great Patriotic War
3. a person who worked (served) for at least 6 months from 22 June, 1941, to 9 May, 1945, and was not awarded orders and medals of the former USSR for selfless labor and impeccable military service in the rear during the Great Patriotic War
4. a person with disability group I, II, or III
5. a child with a disability
6. one of the parents, guardians, or custodians of a child with a disability – for each such child with a disability until they reach the age of eighteen
7. one of the parents, guardians, or custodians of a person recognized as a person with a disability due to being “a person with a disability since childhood” – for each such person throughout their life
8. one of the adopters (adoptive parents) – for each such person until the adopted child reaches the age of eighteen
9. one of the adoptive parents who took orphans and children left without parental care into a foster family – for each such person during the period of the agreement for the transfer of orphans and children left without parental care into a foster family

If you belong to one of the above categories, in order to reimburse the withheld personal income tax ("PIT") from the amount of the Unified Accumulated Pension Fund (UAPF), we recommend that you apply to UAPF division within the statute of limitations (3 years from the date of the UAPF payment of the UAPF amount), the current addresses of which, as well as the list of documents for reimbursing PIT, are published on the UAPF’s website.