As an important part of the social security system, the pension system has always attracted much attention. In recent years, with the aging of the population and the growth of pension demand, the pension system is facing a series of challenges and reforms.
In 2024, the pension will usher in a major good news, and the personal pension system will be fully implemented. I will explain the relevant content of the personal pension system for you in detail.
China's pension insurance system is mainly composed of three pillars: basic pension insurance, enterprise annuity and occupational annuity, and personal account pension.
As the first pillar, basic endowment insurance has wide coverage and a high degree of protection;
As the second pillar, enterprise annuity and occupational annuity mainly serve the employees of enterprises, government agencies and institutions;
As the third pillar, the personal account pension is a supplementary pension insurance system supported by policies, voluntary participation by individuals, and market-oriented operation.
The personal pension system is an important measure launched by the state in order to cope with the aging of the population and improve the pension insurance system.
The system is based on the principle of voluntary participation of individuals, and gives certain policy support to achieve the preservation and appreciation of personal pensions through market-oriented operations.
The implementation of the personal pension system aims to improve the level of personal pension security, alleviate the pressure of national pension, and promote the stable development of society.
According to the "Opinions on Promoting the Development of Personal Pensions", the scope of participation in the personal pension system is workers who participate in the basic old-age insurance for urban employees or the basic old-age insurance for urban and rural residents.
Persons who have participated in the basic old-age insurance for urban employees or the basic old-age insurance for urban and rural residents, and have not yet met the conditions for receiving basic old-age insurance benefits, can participate in the personal pension system.
Retirees who have already received basic pension insurance benefits will no longer participate in the personal pension system.
1.People with long-term pension needs: The long-term accumulation characteristics of the personal pension system can provide stable funds for people with long-term pension needs and ensure their quality of life in old age.
2.High-income people: For high-income people, the personal pension system can provide an effective way to avoid taxes, and it is also conducive to improving the level of personal pension security.
3.Flexible employment population: For flexible employees, the personal pension system can provide certain pension security to make up for the pension risk caused by their job instability.
4.Moonlight people: For young moonlight people, the personal pension system can help them establish saving habits and prepare for future retirement.
1.Personal account opening: Participants need to open a personal pension fund account in a designated bank or other financial institution. This account is unique and is used to record an individual's participation in a pension and changes in funds.
2.Fund account opening: Participants need to open a personal pension tax preferential account in the account at the same time as opening a personal pension fund account for enjoying preferential tax policies.
3.Account payment: Participants pay to the personal pension fund account on an annual basis, and the annual payment limit is 12,000 yuan. The amount of contributions can be adjusted according to the individual's income status.
4.Tax incentives: The state gives certain tax incentives to individuals participating in the personal pension system, and the specific preferential range is determined according to the policy provisions.
5.Purchase of products: Participants can purchase financial products that meet the requirements in their personal pension fund accounts according to their own risk tolerance and investment preferences, such as pension goals**, pension insurance, etc.
6.Receiving funds: When the participant reaches the age of receiving the basic pension, completely loses the ability to work, goes abroad (territory) to settle or other circumstances stipulated by the state, he can receive the corresponding funds from the personal pension fund account. When receiving it, you need to meet certain conditions and pay the relevant taxes and fees in accordance with the regulations.
1.Requirements: Participants need to meet certain conditions when receiving personal pensions. In general, reaching the age of receiving a basic pension is one of the most common conditions. In addition, total loss of working ability, foreign (territory) settlement, or other circumstances stipulated by the state can also be used as a condition for receiving it. Specific conditions are subject to policy provisions.
2.Method: Participants can choose to receive a personal pension on a monthly, installment or lump sum basis. The collection method can be selected according to the actual situation of the individual, but it is necessary to pay attention to meeting the corresponding collection conditions and paying the relevant taxes and fees in accordance with the regulations.
3.When the participants receive personal pensions, they need to verify their eligibility through the information platform of commercial banks. After the verification is passed, the funds will be transferred to the participant's own social security card bank account. The whole collection process is convenient, fast and safe.
4.Inheritance issues: For the question of whether personal pensions can be inherited, the policy provisions are not yet clear. The specific situation needs to be determined according to the policy adjustment and implementation rules.