Method 1: Annual calculation method.

That is, the accumulated savings amount in the personal account as of the end of this year will be calculated on an annual basis after the end of each payment year.

This method is applicable when the average monthly salary in the above years is used as the base of paid wages for accounting (that is, the monthly payment amount is the same).

Calculation formula: Cumulative deposit amount in personal account as of the end of this year = Cumulative deposit amount in personal account as at the end of last year × (1 + current year’s accounting interest rate) + current year’s accounting amount in personal account × (1 + current year’s accounting interest rate × 1

/2)×1.083 Method 2: Monthly product method.

The accumulated savings in personal accounts as of the end of this year will be calculated on a monthly basis during the current payment year.

This method is applicable when the employee salary income in the previous month is recorded as the paid salary base (that is, the monthly payment amount is different).

Calculation formula: Cumulative deposit amount of personal account as of the end of this year = Cumulative deposit amount of personal account as of the end of last year × (1 + current year’s accounting interest rate) + current year’s accounting amount principal + current year’s accounting amount interest where: this year

Accounting amount and interest = Monthly accounting amount for this year × Accounting interest rate for this year × 1/12 (1) Monthly accounting amount for this year = ∑ [Accounting amount for n months × (12—n+1)] (

2) n is the accounting month of this year, and 1≤n≤12.

Calculation method of paying interest: The employee basic pension insurance personal account lasts for decades from payment to withdrawal after retirement. If the value cannot be maintained and increased, the value of the personal account funds will depreciate, and the pension security function of the personal account funds will also be affected.

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The "Decision of the State Council on Establishing a Unified Basic Pension Insurance System for Enterprise Employees" stipulates that interest on the amount deposited in a personal account shall be calculated with reference to the bank deposit interest rate for the same period every year.

The "Decision of the State Council on Improving the Basic Pension Insurance System for Enterprise Employees" stipulates that personal accounts for basic pension insurance must be gradually implemented, and "the state formulates personal account fund management and investment operation methods to achieve value preservation and appreciation."

According to this regulation, after a personal account is established, its actual interest rate should be determined based on the investment rate of return.

In practice, if personal accounts are not maintained, accounting interest rates are generally determined with reference to factors such as average employee wage growth rate and price index, which vary from place to place.

If a personal account is established, it is determined based on the return on investment.

Therefore, the "Social Insurance Law" stipulates that personal account "bookkeeping interest rates shall not be lower than bank time deposit interest rates, and interest tax shall be exempted."

This provision not only stipulates the lowest accounting interest rate for maintaining and increasing the value of personal accounts, but also leaves room for adjustment by the State Council to improve policies as practice develops.

my country's current "interest tax" is the tax item of "interest, dividends and bonus income" of personal income tax. It mainly refers to the personal income tax levied on the interest income obtained by individuals saving RMB and foreign currencies in China.

Since the basic pension insurance personal account funds are mainly used for post-retirement pensions, which are different from ordinary savings, the "Social Insurance Law" stipulates that interest tax is exempt, which reflects the state's support for the social insurance industry.

Article 14 of the "Social Insurance Law" stipulates: "When an individual dies, the balance of the personal account can be inherited." Personal accounts have the nature of compulsory savings and should be owned by the individual. The inheritance amount shall be paid in one lump sum to the beneficiary or legal person designated by the deceased during his lifetime.

heir.

According to the "Decision of the State Council on Establishing a Unified Basic Pension Insurance System for Enterprise Employees", for those who participated in the insurance before January 1, 2006, since the personal account before January 1, 2006 was established with 11% of the salary paid by the individual,

In addition to the employee's personal contribution, there is also the part transferred from the enterprise's payment, and the transferred part of the enterprise's payment cannot be inherited.

According to the "Interim Measures for the Management of Personal Accounts of Basic Pension Insurance for Employees", when a retiree dies, the inheritance amount = the balance of the retiree's personal account at the time of death × the proportion of the principal and interest paid by the individual in the personal account at the time of retirement to the total deposit amount of the personal account.

Legal Basis Article 12 of the "Social Insurance Law of the People's Republic of China" The employer shall pay basic pension insurance premiums in accordance with the proportion of the total wages of its employees stipulated by the state, and record them into the basic pension insurance pooling fund.

Employees should pay basic pension insurance premiums in accordance with the proportion of their wages stipulated by the state and record them into their personal accounts.

Individual industrial and commercial households without employees, part-time employees who have not participated in basic pension insurance in the employer, and other flexible employment personnel who participate in basic pension insurance shall pay basic pension insurance premiums in accordance with national regulations and record them separately in the basic pension insurance pooling fund

and personal accounts.

Article 2 The state establishes basic pension insurance, basic medical insurance, work-related injury insurance, unemployment insurance, maternity insurance and other social insurance systems to ensure that citizens receive material assistance from the state and society in accordance with the law in the event of old age, illness, work-related injury, unemployment, childbirth, etc.

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Article 10 Employees shall participate in basic pension insurance, and the employer and the employee shall jointly pay the basic pension insurance premiums.

Individual industrial and commercial households without employees, part-time employees who have not participated in the basic pension insurance in the employer, and other flexible employment personnel can participate in the basic pension insurance, and the basic pension insurance premiums are paid by individuals.

The measures for pension insurance for civil servants and staff managed with reference to the Civil Servant Law shall be prescribed by the State Council.