To participate in the personal pension, you can enjoy the pre-tax deduction of personal income tax every year at the payment stage, and the initial amount is 6,543,800+0.2 million per year. There are two ways to participate. First, it can be withheld by the company and deducted before tax. Second, individuals can apply for pre-tax deduction through the personal income tax app, and it is very convenient to adopt a special tax deduction method similar to the current medical expenses for supporting the elderly and serious illness.

Personal income tax is not levied on the investment income in the investment stage, but in the process of collection, personal income tax is levied at 3% separately on the personal pension received. It is worth noting that this is already the lowest tax rate of personal income tax, which is much lower than the previous tax rate of 7.5% in the pilot stage of commercial endowment insurance.

In addition, although the specific landing policy has only been issued now, this year's quota of 1.2 million can be fully enjoyed.

Can I pay more for my personal pension account?

The "Implementation Measures" clarify that individual pension fund accounts shall be subject to the payment quota system, and those that exceed the upper limit of the payment quota for the current year shall be prompted and will not be accepted. However, Ministry of Human Resources and Social Security and the Ministry of Finance adjust the upper limit of the payment amount according to the level of economic and social development and the development of multi-level endowment insurance system.

What needs to be pointed out here is that although the fund account cannot be overpaid, the personal pension products cannot be purchased only in the personal pension. Investors can also invest through other existing channels, but they cannot enjoy pre-tax deduction. For example, through banks, Internet channels and Huaxia fund managers or Huaxia Fortune, you can also choose personal pension investable products such as pension target funds.