Russia IIS Calculator 2026 — Individual Investment Account (Type A vs B)
Compare Russian IIS Type A (tax deduction on contributions) vs Type B (tax-free capital gains). Calculate optimal strategy based on your investment horizon, expected returns, and tax rate.
What is an IIS (Индивидуальный инвестиционный счёт)?
An Individual Investment Account (IIS) is a special brokerage account in Russia that offers tax benefits for long-term investments in MOEX securities. You can choose between two tax regimes when opening the account, and must maintain the account for a minimum of 3 years. You can only have one IIS at a time, and only RUB contributions are allowed. As of 2026, the maximum annual contribution is 400,000 ₽ (up to 1M ₽ proposed but not confirmed).
Type A vs Type B
Type A (Tax Deduction): You get an annual tax refund of 13% on up to 400,000 ₽ contributed (max 52,000 ₽/year). The refund is effectively your NDFL (personal income tax) returned. However, when you close the account and withdraw, any investment gains are taxed at your marginal NDFL rate (typically 13%). The contributions themselves are not taxed again.
Type B (Tax-Free Gains): You receive no refund on contributions, but all capital gains are completely tax-free upon withdrawal. This means the entire account value (contributions + gains) is yours with no further tax liability. This type is beneficial if you expect high investment returns where the tax saved on gains exceeds the deduction benefit of Type A.
IIS-3: Introduced in 2024, IIS-3 offers expanded contribution limits and more flexible withdrawal rules (no 3-year minimum under certain conditions). Check with your broker for availability.
Key Rules & Limits (2026)
- Max annual contribution: 400,000 ₽
- Minimum holding period: 3 years
- Only one IIS per person
- Only RUB contributions for MOEX securities
- Type A max refund: 52,000 ₽/year (13% × 400,000 ₽)
- Type B: No limit on gains exemption
Russia IIS Calculator 2026 — Individual Investment Account (Type A vs B)
Compare Russian IIS Type A (tax deduction) vs Type B (tax-free gains). Calculate optimal strategy for your investment horizon and tax rate.
Type A vs Type B — Net After Tax
Portfolio Growth Over Time
Break-Even Analysis: Type A vs Type B at Different Return Rates
Break-even at ~24.5% annual return. Below this, Type A wins; above, Type B wins.
Year-by-Year Growth
| Year | Type A Value | Type A Contributions | Type B Value | Type B Contributions | Tax Refunds (cum.) |
|---|---|---|---|---|---|
| 1 | 448 000 ₽ | 400 000 ₽ | 448 000 ₽ | 400 000 ₽ | 52 000 ₽ |
| 2 | 949 760 ₽ | 800 000 ₽ | 949 760 ₽ | 800 000 ₽ | 104 000 ₽ |
| 3 | 1 511 731 ₽ | 1 200 000 ₽ | 1 511 731 ₽ | 1 200 000 ₽ | 156 000 ₽ |
| 4 | 2 141 139 ₽ | 1 600 000 ₽ | 2 141 139 ₽ | 1 600 000 ₽ | 208 000 ₽ |
| 5 | 2 846 076 ₽ | 2 000 000 ₽ | 2 846 076 ₽ | 2 000 000 ₽ | 260 000 ₽ |
About Russian IIS — Индивидуальный инвестиционный счёт (2026)
IIS Type A: Get a tax deduction of 13% on up to 400,000 ₽ contributed per year (max refund 52,000 ₽/year). Withdrawals of gains are taxed at your marginal NDFL rate. Contributions themselves are not taxed on withdrawal (they were made with after-tax money). Best for investors with taxable income who want an immediate annual refund.
IIS Type B: No deduction on contributions, but all capital gains are completely tax-free on withdrawal. The entire withdrawal amount is tax-exempt. Best for investors with high expected returns who prefer to avoid tax on gains.
Rules: Maximum 400,000 ₽ contribution per year. Minimum holding period of 3 years. Only one IIS per person. Only RUB contributions for MOEX securities. IIS-3 (from 2024) introduces expanded limits and flexible withdrawal rules.
Note: Choose Type A if you want an immediate tax refund and have moderate return expectations. Choose Type B if you expect high returns (typically >12-15% annually) and want to avoid capital gains tax entirely.
How to choose between Type A and Type B
Choose Type A if: You have steady taxable income (salary) and want an immediate annual tax refund. You have moderate return expectations (below ~12-15% annually). The upfront refund provides a psychological and cash-flow benefit.
Choose Type B if: You expect high investment returns or have a long investment horizon. The tax-free gains compound more powerfully over time. You don't need the annual refund and prefer to maximize final after-tax value.
Hybrid strategy: Some investors open one IIS (the only one allowed) and choose the type that best fits their current strategy. You cannot switch types after opening — choose carefully at account opening.
Tax implications
Type A: The yearly tax refund is treated as a deduction on your NDFL (personal income tax). You file this via your annual tax return (3-NDFL). The refund is capped at 52,000 ₽ regardless of your marginal rate. Gains at withdrawal are taxed as regular income at your NDFL rate.
Type B: No tax filing required for the account benefits. When you close the account after 3+ years, the entire withdrawal is tax-free. No tax on dividends or capital gains during the account's life.