According to the information released at the press conference of the Ministry of Human Resources and Social Security, as of the end of 2023, the number of personal pension accounts in China has exceeded 50 million, and the next step may be to promote the personal pension system nationwide. What kind of system is personal pension? How can I get a higher yield? Can I get a pension of 3,000 yuan per month?
To put it bluntly, the personal pension system is actually a pension accumulated by oneself under the guidance of the state.
The state has set up a personal pension information platform, set up a review mechanism for personal pension investable wealth management products, and set up a specific system for personal pension investable wealth management products (such as Y share management fee concessions, sales fee concessions, etc.), and the state has also established a preferential individual income tax system.
China's personal pension system will be piloted in 36 cities such as Beijing and Shanghai from November 2022, mainly to participate in the basic pension insurance for employees and the pension insurance for urban and rural residents. Once paid, only retirement, death, incapacity for work or pension benefits can be received.
The biggest problem now is that 3% of the personal income tax needs to be paid when withdrawing, which greatly reduces the enthusiasm of people who do not pay individual income tax to participate.
Of course, the system design of the personal pension itself is a supplementary pension mechanism built for those who have spare energy. According to the three pillars of China's old-age security system, social security pensions, annuity pensions and personal pensions will each account for 1 3. But now it is the social security pension that is dominant.
Individual pensions are free to participate, but there is a maximum contribution limit (1. per year).20,000 yuan), also to prevent the income gap from being too large.
After the personal pension is paid, it is actually equivalent to depositing money in one of the individual's current accounts. If you want to maintain and increase your value, you can't be the same as the social security pension, regardless of him. After all, the current account of the personal pension is only the current interest. Personal pensions can independently purchase savings deposits, wealth management products, commercial pension insurance and public offerings that meet the requirements, and generally the holding period of these products will be relatively long.
If an individual invests, it is generally recommended to choose a suitable product according to their age. For example, young investors can choose the pension goal**, and the investment income is still good if they stick to it for a long time. Of course, due to the poor investment returns in China this year, people may be less motivated to buy pension goals. In this case, you can choose savings deposits, wealth management products, and so on according to your preferences. However, don't choose too many financial products, a maximum of 3 or 5 can be fine, after all, it is very troublesome for individuals to manage.
I believe we all know that safety and yield are inversely proportional, and if you seek too much stability, you will not get high returns. However, when the retirement age is approaching, it is necessary to gradually convert investment products into deposit products, even if you lose money. Because as you get older, your wealth can't stand the toss.
To be honest, how much does a personal pension cost? It all depends on the accumulation of personal accounts and investment returns. Since the personal pension has only been established for two years, the most personal accounts of people are accumulated 2The principal amount is about 40,000 yuan. In this case, if you count the 139 months of retirement at the age of 60, you can only receive 172 yuan per month.
But if you invest for a long time, the effect is still very good. For example, pay 1 a year20,000 yuan, if the annualized investment rate of return can reach 5% (mainly stable), and the personal account pension personal account can accumulate 79 for 30 consecutive years70,000 yuan. If it is calculated according to 139 months, you can receive more than 5,700 yuan per month.
Therefore, the current level of personal pension is not high, but it will still be considerable in the future, and more than 3,000 yuan is no problem.