What is the special feature of an individual investment account?

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In our country, investing is not as popular as, for example, in the USA. But still, many people have begun to take an active interest in this issue. Our government, in order to increase the interest of ordinary citizens in the stock market, on 01.01.2015 approved a new type of account, namely, an individual investment account (IIA) . What is the peculiarity of an individual investment account and what difference does it have compared to a brokerage account, we will analyze today in this article.

What is IIS?
In the article about what a brokerage account is , I already mentioned the existence of an individual investment account. Let's now take a closer look at gambling data myanmar the concept of an IIS, its definition and the features inherent to it.



IIS is a special brokerage account that can only be owned by a citizen of the Russian Federation . These are not all the features of this account:

The main advantage of having this account is the function of receiving tax deductions or preferential taxation of profits on this account. I will tell you more about this below.
The individual investment account itself can only exist in one version. Do you remember that there can be many brokerage accounts? But it is possible to open an IIS only with one broker and only one . In this regard, you should carefully choose a broker. Read here how to do this .
The largest amount of deposits to this account within a year should not exceed 1 million rubles . Only rubles can be deposited into the account , and then used to purchase currency or securities.
It is impossible to partially withdraw money from an IIS . It is only possible to completely close the account and withdraw all the money.
In order to receive a tax deduction or benefit, an individual investment account must exist for three years . And in combination with the rule above, we understand that you need to keep investments in this account without withdrawing them for the same 3 years in order to use it to receive deductions. If you close the account before it reaches 3 years, then all the deductions that you managed to receive will have to be returned and additional penalties and fines will have to be paid.
In other respects, an individual investment account is similar to a brokerage account – here it is also possible to purchase various securities, as well as receive income from investments .