This year marks the second year of the introduction of personal pensions. Participants who participated in the personal pension in the first year have already enjoyed the tax benefits of that year. This year is approaching the end of the year, if you want to participate in personal pensions and enjoy tax incentives, you should hurry up.
As an important institutional design of the "third pillar" of China's pension insurance system, the personal pension system was officially implemented on November 25, 2022, and 36 cities (regions) including Beijing, Shanghai, Guangzhou, Xi'an, and Chengdu took the lead. According to relevant statistics, during the official implementation of the personal pension system for one year, it has attracted more than 50 million people to open accounts, and the expansion of personal pension products has expanded to more than 700.
When personal pensions were first introduced, the most eye-catching highlight was that they could save taxes. According to the provisions of the "Announcement on Individual Income Tax Policies Related to Personal Pensions", personal pensions can be deducted according to the actual amount paid before tax, and the annual deduction limit is 120,000 yuan.
For example, if the annual income of an individual is 300,000 yuan, the annual social security provident fund is 60,000 yuan, according to the annual 1The limit of 20,000 yuan to pay personal pensions. Then, before the personal pension is paid, the annual individual income tax payable is: (300,000-60,000-60,000) x 20%-16,920 yuan = 19,080 yuan;After the deposit, the individual income tax payable is (300,000-60,000-60,000-1.).20,000) x 20%-16,920 = 16,680 yuan, and the annual tax saving is 2,400 yuan.
Later, when handling the final settlement of individual income tax, many insured persons posted screenshots, showing that they had the option of personal pension when handling the final settlement of individual income tax, and received a tax refund soon after the operation.
This year, many people want to participate in personal pensions. If you want to save taxes on your personal pension in 2023, you need to deposit the money into your personal pension fund account before December 31 this year. Whether you buy savings, wealth management, ** and other investment products, you can enjoy tax incentives. If you do not purchase an investment product for the time being, the interest will be automatically calculated according to the demand deposit, which is the same as the rules of a regular bank account. However, it should be noted that once the funds enter the personal pension account, they can only be withdrawn after retirement, and cannot be withdrawn at any time like bank demand deposits, which is not applicable to those who need money urgently.
The upper limit of the annual personal pension payment is 12,000 yuan, and many people have already saved 12,000 yuan. Next, it's time to buy investment products, whether to buy 12,000 yuan at a time, or to buy thousands of dollars in installmentsThis is also a problem encountered by many citizens in actual operation.
If the participant wants to buy a fixed deposit product, the income can be guaranteed, and the early purchase will benefit from the purchase. If you want to buy investment products such as **, you may get higher returns, but the risk is relatively high, if you are not sure about the market situation, you may wish to choose the way of regular investment, such as investing 1,000 yuan per month, to diversify risks and stabilize market fluctuations.
*: Beijing**client reporter Dai Lili.