Chinanews.com, November 25th (Reporter Li Jinlei) The personal pension system was officially launched.
36 cities (regions) first
On the 25th, the General Office of the Ministry of Human Resources and Social Security, the General Office of the Ministry of Finance, and the General Office of the State Administration of Taxation announced the announcement of the first cities (regions) for personal pensions, and determined the list of cities (regions) for personal pensions, including Beijing, 36 leading cities or regions including Shanghai, Guangzhou, Xi'an, and Chengdu.
Who can participate in a personal pension?
From the date of issuance of this notice, workers who participate in the basic endowment insurance for employees or the basic endowment insurance for urban and rural residents in the location of the leading city (region) can participate in personal pensions.
How to participate in personal pension?
Individual pension accounts should be opened on information platforms through national social insurance public service platforms, national human resources and social security government service platforms, electronic social security cards, handheld 12333 APP and other national unified online service portals or commercial bank channels.
After that, choose a commercial bank that meets the requirements to open or designate your only personal pension fund account.
After the two accounts are opened, you can pay to the fund account and purchase personal pension products.
How to pay?
The upper limit of the individual pension amount paid by the participants each year is 12,000 yuan, and the annual payment of the participants shall not exceed the upper limit of the payment amount.
Participants can pay monthly, in installments or annually, and the amount of payment is accumulated in a natural year and recalculated in the next year.
How to invest?
The funds in the personal pension fund account are used to purchase financial products that meet the requirements of different investors, such as bank wealth management, savings deposits, commercial pension insurance, and public offering funds, which are safe, mature and stable in operation, standard in standard, and focus on long-term value preservation to meet the preferences of different investors. Free choice.
What financial products can you invest in?
Specific financial products will be determined by the financial regulatory authorities and a list of products will be announced.
The first batch of financial institutions to start personal pension business includes 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 and 6 insurance companies Wait.
The official website of the China Securities Regulatory Commission announced the first batch of individual pension fund directories, and 129 pension target funds were shortlisted.
How to enjoy tax benefits?
Individual contributions to personal pension fund accounts shall be deducted from comprehensive income or operating income according to the ceiling standard of 12,000 yuan per year; personal income tax shall not be levied on investment income included in personal pension fund accounts; Pensions are not included in the comprehensive income, and are calculated and paid separately at the rate of 3% for personal income tax.
How to get it?
Individual pension fund accounts are closed and operated, and participants who meet any of the following conditions can receive personal pensions on a monthly basis, in installments or in one lump sum.
(1) Reaching the age for receiving basic pensions; (2) Completely incapable of working; (3) Going abroad (territory) to settle down; (4) Other circumstances stipulated by the state.
Are you ready to participate in a personal pension?