The personal pension system has been implemented in 36 places including Chengdu
Class Y shares of pension funds are on sale today
Class Y shares of the pension fund will be officially launched today.
On November 25, a number of fund companies issued an announcement that the Y-type shares of their pension funds will be opened for daily subscription and fixed fixed investment business from November 28.
Investors can apply for subscription through their personal pension accounts.
On the 25th, the Ministry of Human Resources and Social Security, together with the Ministry of Finance and the State Administration of Taxation, issued the "Notice on Announcing Personal Pension Pioneering Cities (Regions)", announcing that the personal pension system will be implemented in 36 cities (regions) including Beijing, Shanghai, Guangzhou, Xi'an, and Chengdu. Pioneering cities or regions start implementation.
The notice made it clear that qualified people in the first cities or regions can voluntarily participate in personal pensions.
According to regulations, participants need to open personal pension accounts and personal pension fund accounts. The funds in the accounts can be used to purchase qualified financial products, savings deposits, commercial pension insurance and public funds, etc. The annual payment limit is 12,000 yuan.
Tax benefits available for personal pensions
On November 25, the Ministry of Human Resources and Social Security, together with the Ministry of Finance and the State Administration of Taxation, issued a notice announcing the launch of the personal pension system in 36 leading cities or regions including Beijing, Shanghai, Guangzhou, Xi'an, and Chengdu.
The notice made it clear that qualified people in the first cities or regions can voluntarily participate in personal pensions.
Judging from the announced 36 leading cities or regions, the individual pension pilots have covered 31 provinces across the country, and most of the provincial capital cities and cities under separate state planning have been included.
"This is determined by comprehensive consideration of factors such as the local economic and social development level, per capita disposable income, and financial service capabilities. Personal pensions are a brand-new system that needs to be trialled in some cities or regions for one year, and then gradually rolled out after accumulating experience. open.” said Jia Jiang, deputy director of the Pension Insurance Department of the Ministry of Human Resources and Social Security.
For participants, according to their financial affordability, they can independently decide whether to participate every year or part of the year, as well as how much to pay within the year, one-time payment or payment in installments.
In addition, personal pensions are different from ordinary deposits and wealth management products, and can enjoy tax benefits.
In the payment link, the individual's payment to the personal pension fund account can enjoy deferred tax payment according to the limit standard of 12,000 yuan per year, and it will be deducted from the comprehensive income or operating income according to the actual situation.
Participants can use the "Individual Income Tax" APP to scan the QR code on the payment voucher to declare the deduction.
In the investment link, the investment income included in the personal pension fund account is not subject to personal income tax for the time being.
In the receiving link, the accumulated personal pension is not included in the annual personal income tax payment, and the personal income tax is paid separately at a tax rate of 3%.
Sun Jie, a researcher at the National Academy of Opening-up at the University of International Business and Economics, said: "Just looking at the payment link, according to relevant calculations, participants with an annual income of more than 60,000 yuan can save several hundred yuan a year in personal pensions depending on their annual income level. It can range from a few thousand yuan to tens of thousands of yuan."
Sending out red envelopes and lottery draws to attract customers in "fancy" ways
After the implementation of the personal pension system, many banks announced the official launch of the personal pension business, providing services such as account opening, fund payment, and product subscription.
"Open a personal pension account online, enjoy tax benefits, and give free coupons." Customer: Some banks have launched a lottery to give cash and gift benefits, and some directly give instant discounts and payment vouchers.
"You can open an account today, and I can send you a 58 yuan payment coupon." On the morning of November 26, the reporter received a message from the account manager of a state-owned commercial bank.
According to the operation guide provided by the other party, the reporter opened the mobile APP of the bank, clicked "Account Application-Online Application for Personal Pension Fund Account", bound a type of card, selected the city where he lived, and set the transaction password to open the account, which took only a few minutes. minute.
The reporter noticed that recently, many bank account managers have been working hard on marketing in the circle of friends, some giving coupons, and some directly drawing prizes to give cash.
Regardless of whether it is a state-owned bank or a joint-stock bank, the online account opening process is relatively simple. After verifying personal identity information, mobile phone number, reading relevant instructions, and face recognition, it can be opened.
"There are quite a lot of people opening accounts now, and you can buy deposits, funds, pension insurance and pension wealth management products with the money in the account." said the above-mentioned bank account manager.
Pension Target Fund launched the first batch of 129 products
The personal pension business has recently advanced rapidly.
On November 18, the China Securities Regulatory Commission determined and released the first batch of individual pension fund product catalogs and fund sales agency catalogues.
The first list includes 129 pension target funds of 40 fund managers and 37 fund sales agencies.
Recently, 129 pension target funds under E Fund, GF Fund and other institutions have successively added Y-type shares.
Class Y shares are a separate class of shares established for personal pension investment fund business. They can be purchased through personal pension fund accounts and enjoy certain management fee rates and custody fee discounts. The share is "50% off".
After the market closed on November 25, a number of public offering fund companies intensively issued announcements that the subscription of Class Y fund shares separately established for the personal pension investment fund business will officially open for purchase.
E Fund, GF Fund, China Asset Management, Harvest Fund, Southern Asset Management, Industrial Securities Global Fund, Huaan Fund, Huabao Fund and many other companies have announced that starting from November 28, the Y-type fund shares of their pension target funds will be open. For daily subscription and fixed fixed investment business, investors can apply for subscription through personal pension accounts.
Industrial Securities Global Fund stated that the official launch of personal pension account opening means that public fund pension target funds have entered a new era, and public fund will also give full play to the industry's inclusive financial characteristics and contribute to pension investment.
West China Metropolis Daily-Cover News Reporter Xiong Yingying Integrated Xinhua News Agency, China Securities Journal WeChat Official Account
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How to choose a pension fund product?
Sun Mengyi, manager of Huabao Wenjian Pension FOF Fund, said that first of all, it is necessary to understand the role of personal pension accounts in personal pensions, especially one's own risk preference.
If it is used as a simple basic guarantee, then it is recommended that investors choose stable pension products, especially investing in some pension products with a high proportion of fixed income.
If you have a high risk appetite or expect your personal pension account to increase your future income, you can invest in some pension products with a high proportion of equity, such as public equity fund products or public "fixed income +" products.
From the perspective of the age group, if the young and middle-aged people are 30 to 40 years old, due to the long time before retirement, they can choose some products with a higher proportion of equity assets, which will increase the value of the pension after retirement. will play a greater role.
According to the WeChat public account of China Securities Journal