The "third pillar" personal pension system was implemented in 36 pilot cities including Hangzhou and Ningbo on November 25, 2022. As one of the "five major articles", pension finance was formally proposed for the first time at the first financial work conference. In the context of China's moderate aging, the implementation of the national strategy of actively responding to the aging of the population, promoting the construction of the basic pension service system, and vigorously developing the silver economy are important topics for financial institutions to deepen the structural reform of the financial supply side in the new era.
As a benchmark branch of the "High-quality Development and Construction of Common Prosperity Demonstration Zone" in the system, ICBC Zhejiang Branch positions pension finance as the strategic business of the whole bank, makes full use of the advantages accumulated over the years in customer service, science and technology finance, wealth management, etc., deeply participates in the construction of the national "third pillar" personal pension system, and creates the original personal pension "account opening + deposit + equity + investment + tax advantage" in the industry A one-stop comprehensive service platform to build an ecosystem of ageing financial scenarios and help realize the people's yearning for a better life in the province.
The interface for opening and depositing accounts is simple.
How to open a personal pension account?
WeChat is one of the application channels with the widest reach and the highest frequency of use by the public. ICBC Zhejiang Branch fully takes this into account, the province's pilot areas of insured customers scan the code to log in to the "ICBC Zhejiang" WeChat *** personal pension area, through face recognition, document uploading, information confirmation, card authentication "four steps" to complete the opening of personal pension fund accounts, to complete the entire account opening process only takes one minute.
In terms of fund deposit, enter the "My Pension Account", customers can clearly inquire about the tax preferential amount and available payment balance that they have paid this year, click on the "Deposit" function, you can transfer from the class account I have bound to the personal pension fund account, with a maximum annual deposit of 12,000 yuan. The bound account supports the accounts of six large state-owned banks, including industry, agriculture, China, construction, communications, and postal savings, with a simple interface and simple operation, and you can enjoy services without other apps.
Equity investment is fun and educational.
How much pension can I get after retirement?
This is a problem that everyone is concerned about, and ICBC Zhejiang Branch provides a convenient pension calculation function. As long as the customer logs in to the personal pension area, through the ICBC "pension calculator" function, after entering the length of service, salary and expected growth rate, the system will calculate the pension that the customer is expected to receive after retirement and the amount equivalent to the current amount considering the price factor, and through the evaluation, give the pension investment financial plan.
Pension finance is a full life cycle service, the bank launched the "hand in hand, spend a good time together" theme pension vision and **, guide customers from a long-term perspective to look at personal pension, and carefully built the first branch pension investment platform in the system.
Customers can enter the "Selected Pension**" to query the target pension ** according to their own retirement time, risk preference, monthly sales TOP and other dimensions, and support the completion of personal pension investment by purchase or regular investment. In addition, according to the relevant regulatory provisions, the overall rate of personal pension investment is lower through the separate establishment of Y class share management, and the annual management fee and custody fee are half of the ordinary ** rate, and the subscription rate is a discount of the ordinary **;In terms of product selection, including *** bonds** and hybrid**, etc., to meet the needs of customers for low volatility and low drawdown, and then pursue long-term investment returns.
Through the continuous operation of "high-quality service, rich products and professional allocation", ICBC Zhejiang Branch helps customers fully understand the relevant systems and rules of personal pensions, cultivates correct investment concept cognition, and implements them in asset allocation and investment behavior optimization, and helps customers better grasp the phased investment opportunities on the basis of adhering to the long-term allocation concept, and guides customers to invest "personal pension" in "pension goals" in a timely manner to achieve the transition from "savings pension" to "investment pension" to help more customers plan a long-term pension blueprint.
It is reported that before the end of this year, customers who have completed the pension calculation and participated in the pension education and learning can also participate in the first activity and have the opportunity to win WeChat instant reduction and other rights and interests.
Voucher** Enjoy tax incentives.
How to deduct taxes for personal pensions?
Personal pension deduction of individual income tax according to the payment year, such as the individual income tax in 2023, which needs to be paid before December 31, 2023. According to the national preferential tax policy, after the customer has the personal pension payment voucher on the social security platform or bank APP, the customer can complete the tax deduction operation by scanning the code and entering the payment voucher through the individual income tax APP "Personal Pension Deduction Information Management".
In order to facilitate the payment voucher of the customer, ICBC Zhejiang Branch, as the first cooperative bank in the province to access the electronic social security card platform of the Ministry of Human Resources and Social Security through the WeChat channel, the customer registers and logs in to the electronic social security card platform through the "pension voucher" function of the personal pension area, and can use the personal pension payment voucher through the "payment voucher inquiry" of the Ministry of Human Resources and Social Security for individual income tax deduction.
According to the official information of the Ministry of Human Resources and Social Security, since the first year of the opening of the personal pension business, more than 40 million people have opened accounts and launched 745 products, from the perspective of type, 465 savings products, accounting for 6242%；*162 products, accounting for 2174%；99 insurance products, accounting for 1329%；19 wealth management products, accounting for 255%。With the optimization and improvement of various policy supporting systems and the continuous enrichment of pension products, the domestic pension finance has broad prospects. As a leading commercial bank in Zhejiang Province in terms of wealth management and insurance holdings, ICBC Zhejiang Branch will implement the national pension finance strategy, practice its role as a major people's financial bank, continue to rely on digital intelligence empowerment, innovate the pension service experience, provide customers with professional and rich personal pension investment and financial advice, help customers realize the appreciation of pension assets, and adhere to the financial services with feelings, warmth and quality based on the financial tenet of "for the people, benefiting the people, benefiting the people and reassuring the people".