How to open IIS Tinkoff, conditions, tariffs, how to get a deduction

Investing using an individual investment account is one of the ways to effectively invest money. Many banks provide the opportunity to open IIS. One of them is Tinkoff-Bank. In this article, we will talk about what Tinkoff IIS is, how to issue and use an individual investment account from Tinkoff, as well as the terms of use, advantages and disadvantages.

What is IIS Tinkoff

An individual investment account is a special kind of brokerage account. With this account, you can buy stocks, bonds, currencies. The main difference is the ability to receive a tax deduction, which is not possible with a regular brokerage account. Also, the state may establish restrictions and benefits in relation to IIS. Depending on the type of management, two types are distinguished: controlled independently and through a management company. Tinkoff-Bank provides an opportunity to issue an IIS with favorable conditions. Educational video – what is Tinkoff IIS, how to invest and earn on it in 2022: https://youtu.be/YUp_Fw8CPks

How to apply for Tinkoff IIS – what data is needed to open an individual investment account with Tinkoff

You can open an IIS at the link https://www.tinkoff.ru/invest/iis/ For registration, you need to fill out a form on the bank’s website. At the first step, you will need to indicate your full name and contact phone number.
An SMS with a code will be sent to the specified number. It should be entered in the following form.
Enter the password for your Tinkoff-Bank personal account.
At the second step, you should read the terms of service and sign the application form via SMS.
At the third step, you will need to download the Tinkoff Investments application. The account will be opened within one trading day.
The app download page looks like this.
In the application, you must enter the phone number to which the Tinkoff-Bank card is linked.
An SMS with a confirmation code will be sent to your phone. You need to enter it in the form.
Enter the password for your personal account Tinkoff-Bank
Set the access code in the Tinkoff Investments application.
After installing the code, the main menu of the application will open. Swipe left.
In the window that opens, click on the “Open IIS” button.
The service will warn us that you can only have one account. So if you have an account with another bank, close it. If you do not have similar accounts in other banks, click on “I do not have another IIS”.
How to open an individual investment account with Tinkoffbank – step-by-step instructions for opening an IIA in Tinkoff Investments: https://youtu.be/WNotdO5aI2Y

Who can open an IIS?

Only an individual who is a tax resident and citizen of the Russian Federation and has reached the age of 18 has the right to open an account. To be a tax resident of the Russian Federation, you need to stay in the Russian Federation for at least 183 days a year. IIS can be opened by an individual entrepreneur, self-employed, civil servant, pensioner, military man.

Civil servants and military personnel are not entitled to own foreign assets and assets, the possession of which would lead to a conflict of interest.

Control setting and selection

You can manage investments both through the mobile application and through the Tinkoff Investments terminal. For more details, follow the link https://help.tinkoff.ru/terminal/ The mobile application includes 5 main sections: “Portfolio”, “What to buy”, “Feed”, “Chat” and “More”. The Portfolio section includes information about the account and acquired financial assets. In this section, you can replenish the balance and learn about active and completed transactions.
In the upper right corner there is an “Events” button, by pressing which you can see all the events that have occurred with this account.
If you click on a specific event, you can see all the details on it.
In the “What to buy” section, you can select an asset in which you can invest. It can be funds, stocks, bonds, futures, currencies.
“Tape” – news, analytics and other important information that affects quotes. Here you can visit the social network for investors “Pulse”, listen to podcasts on the topic of investment, read publications.
“Chat” – here you can exchange messages with your partners, as well as seek help around the clock technical support.
In the “More” section, the tabs “Settings”, “Profile” and “Info” are placed. In the “Profile” tab, the user can choose a tariff plan and take a test to determine the trading style and investment profile. In the same tab, you can fill out the W-8BEN form. This is worth doing if an investor buys foreign shares, for example, from the NASDAQ exchange. The completed form will prove that the investor is not a US tax resident. From this tab, you can go to your profile in Pulse – the Tinkoff-Investments social network.

If you trade foreign assets without completing the form, the tax will be 30%. Once completed, the tax can be reduced to 13%.

The “Settings” tab allows you to configure the news feed and events, enable push notifications, login options, SMS confirmation of trading operations.
In the Info tab, you can get answers to frequently asked questions, solve problems that could not be solved in the Chat tab, and view application details. You can open an individual Tinkoff investment account online at https://www.tinkoff.ru/invest/iis/:

How to get an IIS deduction from Tinkoff Bank types A and B

IIS from Tinkoff Bank provides for tax deductions of types A and B. In the first case, 13% of the deposited amount can be returned annually. The replenishment amount should not exceed 400,000 rubles per calendar year. By deducting type A, you can get up to 52,000 rubles a year. To receive income, the owner must have income subject to personal income tax. If the official income is 30,000 rubles, the largest amount of the deduction will be 46,800 rubles.
An investor can receive a deduction of this type by filling out an application on the website of the Federal Tax Service or by submitting an application in person at the district office of the service. The following documents are required for a Type A deduction:

1. Declaration 3-NDFL, filled out online on the website of the Federal Tax Service.
2. Certificate 2-NDFL for the year of depositing funds to the investment account. It will confirm the fact of receiving income and paying tax at a rate of 13% in the tax period. It is issued in the accounting department for each place of work.

You can wait for the 2-NDFL certificate on the website of the tax service, and then download it when filling out the 3-NDFL declaration. As a rule, they are laid out after April 1 of each year.

3. Documents from the broker. Tinkoff-Bank will prepare them after the end of the calendar year of the account. They will need to be downloaded in the Tinkoff Investments application or in your personal account on the tinkoff.ru website, and uploaded to the form on the FTS website.

Tinkoff-Bank will provide a report on transactions and operations if required by the tax office. To do this, you need to write to the support service chat in the application or on the tinkoff.ru website. The document is prepared within 10 working days and sent by mail to a convenient address.

Type B deduction can only be received when the account is closed. With this deduction, you can make a profit on investments without paying tax. This type of deduction cannot be received earlier than 3 years after the opening of the account.
Let’s say at the beginning of 2020 an investor opened an account and deposited 300,000 rubles into it. The investment was successful, and the shares he invested in gained in value. At the beginning of 2023, the investor decided to sell the shares and close the account. The account after the sale of shares amounted to 900,000 rubles. Income after deduction of commissions amounted to 600,000 rubles, tax from it – 78,000 rubles.An application for a type B deduction is submitted through a broker right before the account is closed or at the tax office. It can be submitted in person or online. The broker will not deduct tax on investment income when applying. But if the investor decides to file an application with the Federal Tax Service, the broker will write off the tax payment, then the Federal Tax Service, after verification, will credit the deduction to the investor’s card.

Investing through IIS Tinkoff – conditions

Tinkoff-Bank offers the following investment conditions:

1. Investment management is quite convenient – using an application on a smartphone. It has a clear interface, convenient for both beginners and experienced investors.
2. An online application can be filled out in a few minutes. A bank representative will arrive with the necessary documents at a convenient time and place. The owner of a Tinkoff-Bank card can sign documents with an SMS code, after which an account will be opened immediately. IIS will be opened on the next working day if the application is left after 19:00 Moscow time or on the stock exchange a day off.
3. You can invest even with 10 rubles in your account. This is the cost of one share of the Eternal Portfolio funds from the management company Tinkoff Capital. The price of most bonds is 1000 rubles.
4. The “What to buy” section contains a selection of assets and information about the most attractive companies. The investor will not lose with the choice of shares.
5. Tinkoff Investments offers a wide range of stocks and bonds from both Russian and foreign companies. Users of the service can invest in 8 major world currencies.
6. On any day of the week, you can get support in your personal account or in the application chat.

Commissions and tariffs in IIS Tinkoff Investments

There are two tariffs for IIS Tinkoff. If the user rarely trades on the securities market, the Investor tariff is suitable for him. It only charges a commission when concluding transactions, and amounts to 0.3%. For those who are professionally engaged in investments, the Trader tariff is suitable.

Link to tariffs: https://www.tinkoff.ru/invest/tariffs/ Transaction commission is 0, 04%, but a monthly fee of 290 rubles is charged. Monthly payment is not debited in months when the trader does not use the account.

What is the difference between a brokerage account and IIS Tinkoff?

A citizen can open only one individual account, while there can be several brokerage ones. With the help of IIS, you can get deductions from tax on contributions and on income. IIS allows you to get a guaranteed income through a tax deduction. Part of the paid personal income tax is returned in the form of an amount up to 52,000 rubles. It is also possible to exclude the payment of tax of 13% on income from transactions. The transaction tax is not calculated every year, but only when the IIS is closed.

Where can I find an individual Tinkoff investment account?

You can find all the necessary information, as well as open the Tinkoff IIS, at the link https://www.tinkoff.ru/invest/iis/

What are the disadvantages of an individual investment account

The minimum period for the existence of an IIS is 3 years, while it is prohibited to withdraw funds before the expiration of this period. Otherwise, the account will be automatically closed and the user will lose the right to a tax deduction. Although it is possible to buy foreign currency with the help of IIS, the account can be replenished only in Russian rubles. The maximum replenishment amount is 1,000,000 rubles per year. This limit is updated on January 1 of each year.

Why is IIS needed?

An individual investment account is an account for trading on an exchange with a preferential tax regime. Like a brokerage account, with the help of IIS you can buy and sell currencies, stocks and bonds.

Reviews about investing in IIS Tinkoff

I was skeptical about stock trading apps. But when I tried Tinkoff Investments, I was pleased with the functionality and convenience. In the application, you can see an overview and indicators for a new asset. The application is stable, quickly switches to free servers. Currency is entered within minutes of travel to the Tinkoff ATM. I recommend the app to everyone.

This is a top terminal and application. Although the chat response is not so fast, but the speed in the investment is important. For a civil servant, a certificate for a declaration took too long.

On the banki.ru website there is a review from an investor who tells the story of the withdrawal of funds from the account. He found a better deal, so he decided to close the account.
On October 31, 2019, he sold all the assets on the account and withdrew the funds. On November 5, he submitted a request to close the account via the support chat, to which the manager replied that the account would be closed within 30 days.
On November 7, the investor opened another IIA, while confirming that he already has a similar account, which should be closed within 30 days. On December 6, Tinkoff-Bank sent a message to the investor stating that it was not possible to close the account.
After noticing this message on December 16, the user tried to find out why it was not possible to close the account. He did not receive a clear answer.
Due to this incompetence, as of December 16, 2019, the investor is at risk of not receiving tax benefits for 2019. He already has two accounts: in Tinkoff-Bank and with a new broker.
The account user warns other potential investors against using this service.IIS Tinkoff Investments – results of investments in shares for 10 months, practical experience – video review: https://youtu.be/d2jUT4Laga4 Also, a robot for algorithmic trading is available for trading on Tinkoff Investments: https://articles.opexflow.com/trading- bots/tinkoff-investicii.htm The Individual Investment Account provides tax deductions but has significant usage restrictions. Tinkoff-Bank offers quite favorable conditions for investing in IIS. While most investors view Tinkoff Investments positively, there are also service shortcomings.