On November 25th, 222, the Ministry of Human Resources and Social Security announced the implementation of the individual pension system, with an annual payment ceiling of 12, yuan, which can enjoy tax concessions. With 26 years' experience in insurance finance, I will explain this hot topic in three sentences.
1, in order to solve and supplement the shortage of social security funds
The background of the introduction of the personal pension system is based on the 41K Act of the United States 4 years ago. At that time, the aging of the United States was serious, and social security could not meet the needs of the elderly. The American government passed this tax deferred bill to let everyone take out some money and deposit it in the bank for special purposes. And let professional institutions take care of this fund, and the income generated is used to supplement the shortage of pensions. China is also facing the problem of aging, and the social security in the future will also be unable to meet the needs of the people for the elderly. If there are 2 million people in China, each with 12, yuan, there will be 2.4 trillion yuan every year and 24 trillion yuan in 1 years. If the state has this huge long-term fund and makes it generate income, it can solve part of the problem of insufficient pension. This policy can be considered as a signal released by the state. The state encourages everyone to make pension planning by deducting taxes. In the future, it is really only possible to rely on social security to provide for the elderly.
2, in order to diversify the allocation of old-age income
China has entered an aging era, and it is impossible to meet the needs of old-age care only by a single social security. The purpose of the country's vigorous promotion of commercial insurance is to diversify the allocation of pension income. For example, A's monthly income is 3, yuan, which comes from the salary of going to work alone; B's monthly income is also 3, yuan, but it is diversified: salary 1, yuan, insurance wealth management income 1, yuan, and other investment income 1, yuan. With the passage of time, A didn't go to work after retirement and lost the ability to make money, so he could only rely on a single social security income to maintain his old-age life. Besides social security, B also had many sources such as insurance financing and investment income. Even if he lost his ability to make money after retirement, he could keep his monthly income unchanged, and his old-age life could be safe and secure. It can be seen how important it is to diversify the allocation of pension income.
3, in order to adjust and optimize the asset allocation of families
If there are 2 million people participating in China every year, each person can deposit 12, yuan tax-free, and the country has 2.4 trillion yuan of funds every year, this large amount of high-quality and long-term funds will have a long-term impact on the capital market. This fund can be invested in large primary and secondary markets, creditor's rights, wealth management products, commercial insurance and national debt. This large amount of long-term and high-quality funds can actually start a long-term process of China stock market. Under the guidance of this trend, the allocation of household assets is bound to change now. The allocation of 7% fixed assets and 3% financial assets will gradually change to the allocation of 7% financial assets and 3% fixed assets.
It is definitely not enough to rely solely on social security funds to provide for the aged. Pension is just needed for future security and certainty, and it must be planned and prepared in advance. The national personal pension system has been implemented, and we need to keep up quickly! Follow the trend, let your assets be diversified, and make future pension plans in advance.