Zsolt Kovács, a National Economy Ministry commissioner, said the government aims to allow Hungarians a one-off opportunity to use savings in voluntary pension funds for home purchase or renovation, or to repay home loans, in 2025.
The government measure, which is in the public consultation phase, would allow Hungarians to apply as much as their entire voluntary pension fund savings for home purchase or renovation for themselves or their family members, Kovács said on news channel M1.
He noted that there were about 1m voluntary pension fund members at present. Some of those members could have as little as a few hundred thousand forints on their accounts, while the balances of others could be in the tens of millions of forints, he added.
More than HUF 2,000bn in savings are in voluntary pension funds, and if "a few tenths" of those savings are mobilised by the measure, it could be considered a "real success", Kovács said.