On the 25th, the Ministry of Human Resources and Social Security announced

  The personal pension system was launched

  In 36 leading cities or regions including Beijing, Shanghai, Guangzhou, Xi'an and Chengdu

  Through the National Social Insurance Public Service Platform, the National Human Resources and Social Security Government Service Platform, and the electronic social security card

  "Handheld 12333APP" and other national unified online service portals or channels such as commercial banks

  Create a personal pension account

  Open a personal pension fund account through a commercial bank

  After the two accounts are opened

  You can pay to the fund account and purchase personal pension products

  The upper limit of annual payment is 12,000 yuan, and the payment can enjoy tax concessions

  Purchases include savings deposits, wealth management products, commercial pension insurance and public funds, etc.

  Specific financial products are determined by financial regulatory authorities

  And will announce the list of products

  Personal Pension is Different from Basic Pension Insurance

  It is a supplementary pension insurance system supported by the government, voluntarily participated by individuals, and market-oriented.

  The first batch of financial institutions to start personal pension business include

  6 large state-owned commercial banks, 12 joint-stock banks

  5 city commercial banks, 11 wealth management companies

  14 securities companies, 7 independent fund sales agencies, 6 insurance companies, etc.

  Participants reach the basic pension age

  Or completely lose the ability to work, go abroad (territory) to settle down, and other situations that meet the requirements of the state

  to receive a personal pension

  after the death of the participant

  Assets in their personal pension funds account can be inherited

  Reporter: Jiang Lin