Individual Investment Account – Tool To Attract Personal Savings To The Country's Economy

The task of attracting investment resources of developed countries to the country's economy is facing the state at all times, and during the period of economic and political upheavals is particularly acute.This article presents one of the new financial instruments for attracting internal sources of financial resources (savings of the population) to the economy of our country in the form of investments.The author sought to objectively show the fundamentals of the functioning of the investment market and current trends in its development, focusing on the fact that an individual investment account is an actively growing type of financial instrument, the importance of which for society and the economy is difficult to overestimate.The analysis of the development of individual investment accounts in different countries is carried out.A brief description of an individual investment account as a new financial instrument for attracting investments into the economy is given.Statistics of deposits of individuals in the Russian Federation for a number of years are given, their dynamics is given.The types of individual investment accounts are identified and analyzed, the mechanism for obtaining a tax deduction for an individual investment account is determined, and the advantages and disadvantages of an individual investment account are identified.