After waiting for so long, the personal pension system has finally officially "opened"! On November 25th, the Ministry of Human Resources and Social Security announced the implementation of the personal pension system, which first landed in 36 cities or regions including Beishangguangshen and Shenzhen. The personal pension system has officially set sail, but for ordinary investors, there are still a series of problems, such as how to open an account, how to pay fees, how to choose products and so on. Today, we will give you an interpretation of the whole process of participating in the personal pension system from the practical point of view, collect the audio of this issue, and understand the key points of participating in the personal pension system in 5 minutes ~

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Starting from scratch, let me introduce how to participate in the personal pension investment from scratch.

the first step is to open an account. If you are in any of the 36 leading cities (or regions) and have participated in the basic old-age insurance for urban workers or the basic old-age insurance for urban and rural residents, you can participate in the personal pension system. Participants need to open personal pension accounts and personal pension fund accounts (second-class accounts), which are unique and correspond to each other. Everyone should choose a qualified commercial bank and open the only personal pension account under its name after it is verified by the information platform of the Ministry of Human Resources and Social Security. Xiao Xia found that the opening process of personal pension account is very fast. Many commercial banks have opened online and offline channels, and the most convenient one is to Apply in the "Personal Pension Zone" of the mobile banking app. Most banks open two accounts at a time by default, and the process is similar. After binding the bank card, reading and agreeing to the relevant agreement, verifying the mobile phone number, and brushing the face to verify, the account can be opened, and the whole process takes only a few minutes.

step two, pay the fee. After the two accounts are opened, you can bind the bank card to pay the fund account. It can be paid monthly, in installments or annually. The maximum payment for each natural year is 12, yuan, and you can enjoy pre-tax deduction. If you don't invest, the interest will be calculated according to the demand deposit; If you invest in a pension product such as a pension fund, the actual income depends on the investment income of the pension fund.

the third step is to buy personal pension products. At present, personal pension accounts can invest in Public Offering of Fund, savings deposits, wealth management products and commercial pension insurance. Among them, savings deposits focus on "preservation", commercial pension insurance focuses on "protection" function, and Public Offering of Fund and wealth management products focus on "investment" attribute. You can choose and buy one or more pension products according to your own situation.

the fourth step, individual pension collection. The personal pension fund account is closed, and the participants can only receive it monthly, in installments or at one time if they reach the age of receiving the basic pension, completely lose their ability to work, go abroad to settle down or meet other circumstances stipulated by the state. This means that as long as we pay the money into the account, we can't take it out until we retire or meet the above conditions. Therefore, Xiao Xia specially reminds everyone not to treat the personal pension account as a general savings or investment account, "save it if you want, and take it if you want", and be sure to use the "spare money" that has not been used for a long time to participate in personal pension investment.

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How to choose a pension fund? As an important investment direction of personal pension, the first batch of personal pension funds also announced last week that they will gradually open the daily subscription and fixed investment business of personal pension exclusive Y share. For example, Xiao Xiajia's nine pension fund Y shares will be on sale from today (November 28th). You can subscribe in Huaxia Fund's direct sales channel, or in banks and securities firms. As long as the direct sales end is simple in three steps, you can get it. First of all, you can enjoy a 2% discount on subscription fee and a tax deferred discount by binding the bank's personal pension fund account, and secondly, you can bind the personal pension fund account (second-class account) and allocate funds for investment; Finally, the transaction. After the transaction is completed, you can view data such as fund assets, profit and loss, transaction information, etc. Huaxia Fund has also launched an intelligent fixed investment function to help you diversify investment risks and improve capital utilization efficiency. We have previously introduced the pension target date fund and the pension target risk fund. The target date fund aims at the retirement date of investors and adjusts the investment allocation according to the risk tolerance of different life stages. The target risk fund refers to selecting appropriate risk measurement indicators and methods, setting corresponding risk target values, and optimally allocating all kinds of assets in order to maximize returns under certain risks. If you have a clear understanding of your risk preference, you can choose the matching target risk fund according to your risk preference and risk tolerance; If you are a novice investor or want to be more worry-free, you can choose the corresponding target date fund according to your retirement date. For example, friends after 7, 8 and 9 can pay attention to China Pension's three-year holding hybrid (FOF) in 235 (class Y code: 1736), China Pension's three-year holding hybrid (FOF) in 24 (class Y code: 17247) and China Pension's 247. Finally, Xiao Xia would also like to remind that the payment amount in that year must be used in that year. If the amount in 222 is to be used, there are only 3 days left in the time window. If you haven't decided what products to buy for the time being, you can pay the money into your account first, and then choose the products while enjoying the tax concessions and interest on current deposits. I hope everyone can actively plan for the elderly and prepare for the future! If the front-end subscription/subscription fee is charged when investors subscribe/subscribe, it is called Class A fund share; If the front and back subscription/subscription fees are not charged, but the sales service fees are accrued from the assets of this type of fund, it is called the C-type fund share; Only for individual pensions, which can be purchased through individual pension fund accounts according to relevant regulations, are called Y-type fund shares. Class A, Class C and Class Y fund shares calculate and announce the net value of fund shares and the accumulated net value of fund shares respectively. Investors should understand that the pension target date fund is only a part of a complete retirement plan, which includes basic pension insurance, enterprise annuity and pension investment products purchased by individuals. Therefore, the above funds do not guarantee to provide sufficient retirement income during retirement, and the net value of fund shares of the above funds fluctuates with the market. Even after the target date or near the target date, there is still the possibility that the net value of fund shares of the above funds will fall, which may lead investors to face investment losses after retirement or retirement. Please fully consider your own risk tolerance, rationally judge the market and make investment decisions cautiously. Risk warning: 1. The above funds belong to hybrid funds (FOF), including target date funds (TDF) and target risk funds (TRF). Their expected risks and expected returns are lower than those of stock funds, but higher than those of ordinary bond funds and money market funds, belonging to medium risk (R3). The specific risk rating results are subject to the rating results provided by fund managers and sales organizations. 2. The name of "pension" does not represent income guarantee or any other form of income commitment. If the pension target fund does not protect its capital, losses may occur. Investors should fully understand the difference between fixed-term investment and lump-sum withdrawal of funds. Regular fixed investment is a simple and easy way to guide investors to make long-term investment and average investment cost. However, fixed-term investment can not avoid the inherent risks of fund investment, can not guarantee investors to obtain income, and is not an equivalent financial management method to replace savings. 3. The minimum holding period of fund investors with China's conservative pension for one year (FOF), Huadou's steady pension for one year (FOF), China Anying's steady pension target for one year (FOF) and China Ankang's steady pension target for one year (FOF) is not less than one year. The minimum holding period of fund investors with three-year holding hybrid (FOF) in 235, three-year holding hybrid (FOF) in 24, three-year holding hybrid (FOF) in 245 and three-year holding hybrid initiative (FOF) in 245 is not less than three years, and the minimum holding period of fund investors with five-year holding hybrid (FOF) in 25 is not short. Before the expiration date of the holding period of the fund share (excluding the current day), the fund share holder cannot apply for redemption of the fund share; Fund share holders will face the risk of not being able to redeem their fund shares before the holding period expires. 4. The above funds can invest in Hong Kong stocks, and they will face unique risks caused by differences in investment environment, investment targets, market system and trading rules under the Hong Kong Stock Connect mechanism, including the risk of large stock price fluctuations in the Hong Kong stock market (the Hong Kong stock market implements T+ revolving trading, and there is no limit on the price of individual stocks. The stock price of Hong Kong stocks may show more violent stock price fluctuation than that of A-shares), exchange rate risk (exchange rate fluctuation may cause losses to the investment income of the fund), and the risk that the trading day may be inconsistent under the mechanism of Hong Kong Stock Connect (in the case that Hong Kong Stock Connect is closed in the mainland, Hong Kong Stock Connect cannot trade normally and Hong Kong stocks cannot be sold in time, which may bring certain liquidity risk). 5. The above funds may choose to invest part of their fund assets in Hong Kong stocks or not to invest their fund assets in Hong Kong stocks according to the needs of investment strategy or the changes of market environment in different allocation places, and the fund assets may not necessarily invest in Hong Kong stocks. 6. When the fund manager constructs the FOF portfolio, the choice of the fund depends on the past performance of the fund to a great extent. However, the past performance of the fund often cannot represent the future performance of the fund, so it may cause certain risks. 7. Before investing in the fund, investors should carefully read the fund legal documents such as the Fund Contract, Prospectus and Product Information Summary, fully understand the risk-return characteristics and product characteristics of the fund, and fully consider their own risk tolerance according to their own investment purpose, investment period, investment experience, asset status and other factors. On the basis of understanding the product situation and sales suitability opinions, they should make rational judgments and make investment decisions carefully. 8, the fund manager does not guarantee that the fund will be profitable, nor does it guarantee the minimum income. The past performance of the fund and its net value do not predict its future performance, and the performance of other funds managed by the fund manager does not constitute a guarantee for the performance of the fund. 9. The fund manager reminds investors of the principle of "buyer's own responsibility" in fund investment. After investors make investment decisions, investors are responsible for the investment risks caused by fund operation, fluctuation of fund share listing price and change of fund net value. 1. The registration of the fund by China Securities Regulatory Commission does not mean that it makes substantive judgment or guarantee on the investment value, market prospect and income of the fund, nor does it mean that there is no risk in investing in the above funds.