Sberbank helps clients refund 3b roubles
Over 25,000 Sberbank clients returned almost 3 billion roubles in taxes due to the income tax refund service. The service was launched a year ago. Taxes can be returned if a client purchases real estate, pays for education or medical treatment, takes out life insurance, makes contributions to a private pension fund or opens an individual investment account.
Acting Director of Sberbank's Borrow and Save Division Maxim Stepochkin said, "Thanks to Sberbank's service, clients don't need to spend time filling out tax returns. All they have to do is send an application via the site and speak to their personal consultant on the phone to clarify the details.
The consultant will then fill out a tax return, and even send it to the tax service if the client has selected the maximum service package. After the tax inspection has been completed, the tax refund is transferred to the client's bank card.
The most popular tax refunds are for interest on mortgages and real estate purchases. In 2017 Sberbank provided a record number of mortgagees, so we expect that next year the tax refund service will be even more popular."
Meanwhile, Sberbank is offering a new service to the holders of the Sberbank Premier and Sberbank First packages. Now all holders of the Sberbank Premier service package can once per year get a 3-NDFL form (income tax return) filled out for free, while VIP clients who hold the Sberbank First service package can take advantage of this and also have their tax returns submitted to the tax office.
Taxes can be returned if clients have purchased real estate, paid for education or medical treatment, taken out life insurance, made contributions to a private pension fund, or opened an individual investment account.
As investment products are mainly purchased by clients of Sberbank Premier and Sberbank First, this service should be of particular interest to them. For example, if investment or savings life insurance products are purchased to a sum of 120,000 roubles, 15,600 roubles (13%) can be returned. If an individual investment account is opened with a sum of 400,000 roubles, in addition to the income generated by the investment, the client can get back at least 52,000 roubles next year.
Acting Director of Sberbank's Borrow and Save Division Maxim Stepochkin said, "Thanks to the tax refund service we save our clients' time and save them from having to get to grips with the nuances of filling in tax returns. In addition, now it will be easier for our clients to manage their capita.
For example, they can buy investment or savings life insurance products or open individual investment accounts and derive the largest possible benefit from them without any additional effort or expense."
Moreover, Sberbank's Supervisory Board considered materials related to Sberbank's Development Strategy for 20182020. It decided that these materials should be supplemented and presented for the approval of the Supervisory Board at its meeting scheduled for December 12, 2017.
It considered Sberbank's 9M17 Report and 10M17 Financial Results Review, information about 9M17 results of the audit conducted by the Internal Audit Service, 3Q17 Risk Report, and the 3Q17 Report on Monitoring of Rating Systems taken into account during the credit risk calculation on the basis of the bank's internal rating.
The action plan of the Internal Audit Service for 2018, amendments to the first part of the Security Issue Decision (Exchange-Traded Bonds) and the Securities Prospect were approved. The Supervisory Board determined the materiality threshold for 2018 as totalling one percent of Sberbank's equity ( capital) as of January 1, 2018 for the purpose of adjusting remuneration for Sberbank's risk-taking employees.
To conduct their first online advertising campaign, Sberbank, and its partners Mail.Ru Group, Google, and Yandex extended their special offer - a bonus for entrepreneurs and small businesses of up to 120,000 roubles.
Google's partners will double the first payment if it does not exceed 30,000 roubles, while Yandex will gift the entrepreneur a bonus of 15,000 roubles if they spend at least 5,000 roubles to launch a campaign. In addition, Sberbank jointly with HeadHunter awards small business bonuses: 30 days to advertise a vacancy on the hh.ru site and seven days to access the site's CV base for the region where the business operates.
myTarget, Mail. Ru Group's advertising platform, will double the first payment of up to 75,000 roubles that a company makes to conduct an advertising campaign. Any representative can now benefit from the offer if they have an account with Sberbank and use the Sberbank Business Online internet bank. Earlier this offer was available only to Sberbank's new clients.