H pension investment income will not be taxed for the time being, and clear preferential tax policies will further stimulate people's enthusiasm for participating in individual pension and expand the third pillar of pension. It is expected that there will be more supporting policies and optimization space in the future. Insurance institutions, banks, funds and other financial institutions are actively preparing for personal pension business. The insiders believe that investment income will become the key factor for institutions to gain more market share, and relevant institutions need to improve their investment and research capabilities in order to win more market share. In order to promote the development of the third pillar of old-age care, China began to pilot personal income tax deferred commercial old-age insurance. The Ministry of Finance and other five departments jointly issued the Notice on the Pilot Work of Deferred Commercial Endowment Insurance for Personal Income Tax. It is clear that the commercial pension income obtained by individuals who meet the prescribed conditions is exempt from 25%, and the remaining 75% is calculated and paid personal income tax at the proportional tax rate of 10%.

If you participate in deferred pension, you will not enjoy the effect of deferred tax saving, but will increase the tax burden. Significantly reducing the effective tax rate at the stage of individual pension and encouraging low-and middle-income taxpayers to participate can expand the coverage of individual pension and better achieve the policy objectives. In addition to reducing the tax burden during the pension period, the tax on investment income during the payment period is also one of the core incentive measures of the personal pension system, which is beneficial to those who participate in the personal pension. There are 22 new inter-provincial service projects with wide coverage and high frequency. For enterprises, realize cross-provincial comprehensive office such as electronic tax payment and issuing tax payment certificates; For individuals, the implementation of temporary id card, residents' pension insurance registration and other inter-provincial comprehensive management.

Promote more inter-provincial service online one-time processing, and meet the offline needs of the elderly through assistant agency services. Protect personal privacy and business secrets according to law. China's existing individual industrial and commercial households 1. 1 100 million households play a unique and important role in promoting employment, improving people's livelihood, expanding demand and opening up economic microcirculation. Strengthen legal protection. Clearly implement fair treatment, protect legitimate rights and interests according to law, incorporate effective practices such as registration, taxation and financial support into norms, and require honest management according to law. The the State Council executive meeting not only focused on stabilizing market players and macroeconomic markets, but also supported market players to cope with aging for a long time through system construction and the rule of law.