The individual pension system is an important part of the third pillar of China's pension insurance system, which has been launched in 11 pilot cities or regions such as Beijing, Shanghai and Guangzhou since November 25 last year. According to the latest data from the Ministry of Human Resources and Social Security, as of May 36 this year, that is, half a year after the implementation of the individual pension system, the number of participants has reached 5.25 million, and the individual pension system is running smoothly and orderly.

Reporter visit: The number of individual pension account openings is stable

As a new system, the individual pension system has been implemented for half a year. Do you know about it? What about acceptance? The reporter of the main station conducted an investigation in Qingdao, one of the pilot cities.

Bank staff: After the personal pension account is opened, you can deposit up to 12000,<> yuan per year, the funds can be purchased into personal pension insurance, and you can buy some funds in your personal account.

Qingdao citizen Jing Xutong: Can I buy funds from this account?

Bank staff: Yes, yes.

Qingdao citizen Jing Xutong: That's good.

Under the guidance of the bank staff, Jing Xutong only took more than a minute to open an individual pension account. According to reports, the number of people who have opened individual pension accounts in Qingdao has reached 102.<> million, of which there are two climax of account opening, one is that when the individual pension system landed last year, it once set off a "account opening fever"; The other is that during this year's IIT reconciliation period, the number of account openings has also increased significantly.

Wang Jinmin, head of retail at China Merchants Bank Qingdao Laoshan Branch: Especially after the settlement of the 2022 individual tax report, many customers who have paid pensions have enjoyed this tax incentive, and everyone's enthusiasm for participating in pension reserves has become even higher.

Qingdao citizen Ning Chunlei: Individual pensions can not only deduct individual taxes, but also purchase exclusive pension products, I think personal pensions are still very suitable for us.

In addition, the investment income of personal pensions is temporarily not subject to personal income tax, and the actual tax burden when receiving income is also reduced from 7.5% to 3% when withdrawing cash in the future.

In the six months since the pilot of the individual pension system in Qingdao, some opinions and suggestions have also been received.

Zhang Shouhai, Director of the Endowment Insurance Division of Qingdao Human Resources and Social Security Bureau: It mainly focuses on the following three points: first, the upper limit of personal pension contributions is 1,2 yuan per year, and citizens reflect whether this upper limit can be raised a little more; second, the preferential tax policy of personal pension, which currently has to pay 3% personal income tax when receiving it, can the tax policy be more favorable; The third is whether the conditions for personal pension can be more flexible, such as the flexibility to withdraw personal pension in special circumstances such as major diseases.

Deposit of funds The willingness to invest needs to be further activated

As an important part of China's multi-pillar endowment insurance system, the pilot of the individual pension system has been steadily advanced and operated smoothly and orderly.

However, the reporter also learned in Beijing, Shenzhen and other pilot cities that personal pensions currently also have phenomena such as "low willingness to deposit" and "hot account opening and cold investment".

Banks are the only channel to open personal pension fund accounts, and data from many banks show that people in the 30~50 age group are more enthusiastic about participating in personal pension business.

Li Yi, deputy general manager of the personal finance business department of Industrial and Commercial Bank of China Beijing Branch: Since the beginning of this year, the opening of personal pension accounts has increased by 70% compared with the end of last year, and pension customers are mainly concentrated in people aged 30~50, accounting for about 60%.

Guo Yuzheng, Business Manager of Personal Finance Department of Qingdao Branch of Agricultural Bank of China: "Post-70s" and "Post-80s" account accounts accounted for more than 65%.

While the number of participants has grown steadily, the number and amount of funds transferred to the personal pension fund account are not high.

Zhang Jian, President of the South China City Branch of the Shenzhen Branch of the Agricultural Bank of China: The average household contribution is not very high at present, because the individual pension system is a new institutional arrangement, so the public understands that acceptance requires a certain process.

In addition to the willingness to pay needs to be further activated, many people are not very motivated to invest in personal pensions. According to statistics, at present, there are more than 650 savings, financial management, insurance, funds and other products that can be invested in personal pensions, but investors' wait-and-see mood is more obvious.

Shenzhen citizen Miao Haoyun: Recently, there has indeed been a little fluctuation, like my pension account position is 23395,2 yuan, when I put it in, it was 4,600, and now it is about <> yuan.

In this regard, industry insiders said that personal pension products have requirements such as safe operation, maturity and stability, and long-term value preservation from the design. Investors should invest with the concept of long-term investment and long-term income, and from an international point of view, the return of long-term investment is generally higher than that of short-term investment.

Dong Ximiao, researcher at the Institute of Financial Studies of Fudan University: Short-term product returns fluctuate, don't worry too much, we need to look at investment returns from a longer-term cycle.

Zhang Jian, President of the South China City Branch of the Shenzhen Branch of the Agricultural Bank of China: Because compared with traditional wealth management products, the operation of personal pension products is more closed, which reflects the long-term compound interest benefit. (CCTV News Client)