Kazakhstanis who previously transferred their pension surplus from the Unified Accumulative Pension Fund (UAPF) to a deposit at Otbasy Bank have six years to use these funds. If the money is not used for its intended purpose, it will be returned to the pension fund, reports infohub.kz.
In 2027, the period for using funds expires for those citizens who transferred savings from the UAPF to deposits at Otbasy Bank in 2021. Such Kazakhstanis must either take out a mortgage or refinance a previously obtained housing loan — otherwise, the money will return to their pension account.
Initially, the period for using pension savings was three years, but it was later extended to six years. Funds from the deposit may be directed toward purchasing housing with a mortgage, refinancing a loan, or building a house if a land plot is available.
The countdown begins from the date of transfer from the UAPF. If there were multiple transfers, the period is calculated separately for each one.
For example, if in December 2021, 2 million tenge was withdrawn from the pension account, 1 million the following year, and another 1 million in 2025, then by December 2027, the usage period will expire only for the first 2 million tenge. If they are not directed toward housing in time, that amount will return to the UAPF, while the remaining funds will stay on deposit for now.
You can check the expiration date for using your pension savings on the website enpf-otbasy.kz in the applications section. You need to find the application for transferring pension savings and check its date.
Before using funds previously transferred from the UAPF, it is worth noting that most standard mortgage programs at Otbasy Bank require having 50% of the housing cost in the account. For example, to buy an apartment for 30 million tenge, a down payment of 15 million tenge is required. If there is only 5 million in the account, an additional 10 million tenge will be needed.
At the same time, Otbasy Bank has other programs with a lower down payment, but participation in them may be limited. These include regional programs for certain professions and people under 35 — "Almaty Zhastary," "Elorda Zhastary," and others with a down payment from 10%, the "Nauryz" program — down payment from 10–20%, "30/70" — from 30% when purchasing primary housing from the bank's partners.
If the funds still cannot be used and are returned to the UAPF account, withdrawing them in the future will be problematic due to the multiple increases in thresholds.
Earlier it was reported that in August 2026, the volume of pension savings withdrawals for housing improvements reached 27.5 billion tenge. This figure almost matched the July result of 27.1 billion tenge.