Personal pension is a supplementary pension insurance system supported by government policies, voluntary participation by individuals, and market-oriented operation. Last month today, my country's personal pension system was officially launched.
So in the past month, how has the personal pension plan been implemented?
The reporter conducted an investigation in some banks.
If you want to participate in the personal pension business, you must first open a personal pension fund account.
For individuals, the most convenient channel is to open their own personal pension funds account through a bank.
Zeng Qi, General Manager of the Personal Banking Department of ICBC: We have 7,000 outlets that can handle related businesses. It should be said that we have successfully opened personal pension accounts for millions of customers so far. Among the crowd, The crowd over 40 (years old) is relatively concentrated.
You Wenjuan, General Manager of the Personal Finance Department of Tianjin Branch of Agricultural Bank of China: Among the customers who come to our bank to open personal pension accounts, there are more people in the age group of 35 to 50.
The main reason is that this group has relatively stable income and sound security.
Pay more attention to how to improve the quality of life after retirement.
At present, in my country's old-age insurance system, the first pillar is the basic endowment insurance, including basic endowment insurance for employees and basic endowment insurance for urban and rural residents, which are shared by the state, units, and individuals.
The second pillar is enterprise annuity and occupational annuity, which are jointly paid by the unit and employees, and the state provides policy support.
The third pillar includes personal pensions and commercial pension insurance, both of which are voluntarily participated by individuals, and the participants' pensions can enjoy policy support such as tax incentives.
On November 25, the Ministry of Human Resources and Social Security announced that 36 cities or regions across the country would pilot individual pension systems.
Choose the right investment product according to your own characteristics
After the personal pension fund account is opened, we need to deposit funds and make independent investments according to personal choices, which is completely different from basic pension insurance and enterprise annuity.
At the same time, the tax benefits of personal pensions can only be enjoyed after the funds are transferred in.
According to regulations, workers who participate in the basic pension insurance in China can participate in the personal pension system, and the annual payment limit is 12,000 yuan.
Although the personal pension system was launched in November this year, the upper limit of personal contribution this year is still 12,000 yuan.
The bankers reminded that the funds transferred into the personal pension account can not be withdrawn until the age of receiving the basic pension under normal circumstances, so it should be considered when transferring in, so as not to affect daily life.
Zeng Qi, General Manager of the Personal Financial Business Department of ICBC: The most important feature of this account is that it is used for pension protection, so it can only be withdrawn within a certain period of time, so everyone must have a fund plan , which is a very big difference from ordinary accounts.
According to the regulations, the funds in the personal pension fund account can independently choose to purchase personal pension products such as financial products, savings deposits, commercial pension insurance and public funds that meet the regulations.
Products adopt list management to improve investment security.
At present, the qualified bank wealth management products have not been announced, and the other three investment channels have products that can be invested.
Dong Ximiao, a researcher at the Institute of Finance, Fudan University: Pension funds and pension financial management have certain risks, but the returns may be higher. Certain pension savings are protected by deposit insurance, and the risk is extremely low; while pension insurance should focus on its protection level.
Generally speaking, residents who are closer to retirement are advised to choose more stable products; residents who are farther away from retirement can choose more funds and wealth management products.
Dong Ximiao also said that compared with ordinary investment, pension investment products have a longer cycle, and in product design, there will be corresponding mechanisms to control risks. Therefore, when choosing, more consideration should be given to long-term benefits and less attention to short-term market fluctuations.
The bankers also reminded that the funds deposited in the personal pension account can enjoy the corresponding amount of additional personal tax deduction when paying taxes, but the premise of enjoying this tax preference is to transfer the funds to your own personal pension account.
You Wenjuan, general manager of the Personal Finance Department of the Tianjin Branch of the Agricultural Bank of China: We also recommend that individual pension participants make deposits as soon as possible, before December 31. We account for the 2022 quota and enjoy the 2022 individual tax preference.
From January 1, 2023, individual pension participants can continue to make contributions and enjoy individual tax benefits again.
Accelerated expansion of personal pension insurance business
Pension insurance is one of the four channels in which personal pensions can be invested.
There are currently 7 products available for consumers to choose from on the market, from 6 insurance companies.
Personal pension insurance products have been launched for one month. At present, 6 insurance companies have implemented insurance policies in 36 leading urban areas.
In Wuhan, Hubei, resident Liang Yanni has always been concerned about personal pensions. After some consideration, she finally decided to buy some insurance products in addition to investment funds.
Liang Yanni, a resident of Wuhan, Hubei: This pension insurance account, I think the first one is relatively safe.
The second is that for me, it is more stable than some income of the fund, and there is a reserve for my future retirement.
According to the staff, since the launch of the personal pension insurance product, the company has stepped up the promotion of the product, and provided a variety of online and offline purchase methods, which has achieved good market feedback.
Chen Jiyun, deputy general manager of China Life Insurance Hubei Branch: In the past month, the entire consumer market has responded very enthusiastically.
We (Wuhan) have now (sold) more than 1,200 pieces, and this business is very good.
However, it should be noted that the purchase of personal pension insurance products must be purchased through a personal pension fund account.
And this fund account can only choose a bank to open one.
At this stage, each insurance company supports different banks.
When consumers purchase insurance products, they also need to choose the corresponding insurance company according to the bank where their capital account is opened.
In response to this situation, various insurance companies are also actively accelerating mutual agency cooperation with other banks, securities companies and other institutions to expand sales channels and provide convenience for consumers.
Zhang Chuang, head of the Group Insurance Department of PICC Life Insurance Liaoning Provincial Company: We now mainly cooperate with Industrial Bank for personal pensions.
Now we have successively opened Postal (Savings) Bank, and then we will cooperate with Bank of China, Agricultural Bank of China and China Merchants Bank.
The personal pension market has a broad prospect, with a large amount of funds and long-term stability.
At present, the second product of many insurance companies has also been put on the agenda, in order to lay out in advance and seize the market.
Chen Liping, deputy general manager of the National Pension Insurance: We are full of confidence in the future market prospects. We will unswervingly promote the implementation of national policies, and further enrich product supply based on our own characteristics.