In a time of uncertainty in retirement, everyone is thinking deeply about their financial future. Whether to receive a stable monthly payment of 5,000 yuan or a one-time payment of up to 1 million yuan is a choice that involves a complex tax system and long-term planning for future life for individuals over the age of 60.
You may wonder if you can only choose to receive the pension every monthIn fact, for the social security pension, there is a clear way to receive it, and it can only be received in full on a monthly basis.
In fact, many people's comprehensive income after retirement includes social security pensions, supplementary pensions and commercial pensions.
For these additional benefits, the way to receive them has become diversified, for example, some retirees, especially those in government institutions and institutions, may choose to receive a one-time occupational pension.
This can't help but make us think, what is the essential difference between a one-time payment and a monthly payment?
You may think that a one-time receipt is more conducive to effective investment and financial management, and the 1 million yuan can be used flexibly to obtain greater returns. In fact, this is not the case.
If you choose to receive an occupational annuity at one time, you need to pay a high amount of personal income tax, up to 20%, which means that even if your account balance is as high as 1 million yuan, you can actually get only 800,000 yuan, because the remaining 200,000 yuan is swallowed up by personal income tax. In this case, a lump sum payment is not the wisest option for the individual.
In contrast, although it seems that the monthly payment is only 5,000 yuan per month, it does not need to pay personal income tax until the total amount of the account is collected. This makes it more advantageous to receive monthly payments in terms of taxes.
It is worth noting that the account of an occupational pension is not only the principal, but also generates corresponding interest. Moreover, after the occupational annuity enters the capital market investment, the annualized return is relatively high, and can even reach more than 7%.
This means that receiving it on a monthly basis not only allows you to enjoy the principal, but also shares in the interest generated, which may be more attractive than an individual's independent return on investment.
In this complex financial decision, receiving monthly payments is more in line with the rationality of the overall financial planning, so that we can fully enjoy the additional benefits of occupational annuity while growing steadily. This not only provides more reliable financial support for retirement, but also a smart choice for the future.