The steps for pension payment are as follows: Step 1: Open a personal account through the national unified online service portal or commercial banks and other channels, select the personal pension account opening service, and establish a personal pension account.

Step 2: Fund account opening Open a personal pension fund account through commercial banks, mobile banking or counter channels. Participants through commercial bank channels can complete the opening of personal pension accounts and personal pension fund accounts at one time.

The above two accounts are unique and correspond to each other.

Commercial banks can open 2 accounts at one time.

Personal pension fund accounts can be opened on an entrusted basis: the opening of fund accounts can be entrusted to others, or it can be done in batches through the employer you work for.

Ways to open a personal pension account: It can be opened through the national social insurance public service platform, the national human resources and social security government service platform, electronic social security card, mobile 12333 APP and other national unified online service portals, or commercial banks and other channels.

stand.

Step 3: Account payment is made through cash, mobile banking or personal online banking and other channels, and is paid to the personal pension fund account in one time or in installments within the natural year.

The upper limit of the personal pension payment amount per year for participants is 12,000 yuan, and the annual payment by participants shall not exceed the upper limit of the payment amount.

Participants can pay monthly, in installments or annually. The payment amount is accumulated in a natural year and recalculated the following year.

Step 4: During the tax preferential payment stage, you can choose to withhold and prepay company salary income, withhold and prepay labor remuneration income according to the cumulative withholding method, or use the Personal Income Tax APP to scan the QR code during settlement and settlement to enjoy tax.

preferential policies.

Step 5: Purchase products Purchase qualified savings deposits, financial products, commercial pension insurance, public funds and other personal pension products through your personal pension account.

Participants can independently decide the investment plan for their personal pension fund account, including the investment types and investment amounts of personal pension products.

Participants can change their personal pension fund accounts between different commercial banks.

When participants change their personal pension fund accounts, they should apply to the original commercial bank and, after confirmation by the information platform, open a new personal pension fund account at the new commercial bank.

Step 6: Receive funds through commercial bank channels. You can choose to receive personal pensions on a monthly, installment, or one-time basis. The commercial banking institution will withhold and pay personal income tax and then transfer it to your social security card. Through the national unified

The online service portal can query personal pension-related accounts, payment, transaction collection and other personal rights information. It can also query personal pension products and issuing institutions and other information.

Receipt Conditions Personal pension fund accounts are closed. Participants who meet any of the following conditions can receive personal pensions on a monthly, installment or one-time basis.

(1) Reaching the basic pension age; (2) Completely losing the ability to work; (3) Going abroad to settle down; (4) Other circumstances stipulated by the state.

Receipt method Participants who have received basic pensions can apply to commercial banks for personal pensions.

After accepting the application, the commercial bank should verify the participant's qualifications for receiving the card through the information platform, obtain the participant's personal social security card bank account, and transfer the funds to the participant after completing the withholding of personal income tax according to the participant's chosen payment method.

Social Security Card Bank Account.

Legal basis: Article 10 of the "Social Insurance Law of the People's Republic of China" Employees shall participate in basic pension insurance, and the employer and 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.

Article 11 The basic pension insurance shall be combined with social pooling and personal accounts.

The basic pension insurance fund is composed of employer and individual contributions as well as government subsidies.

Article 12 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 overall 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 13 Before employees of state-owned enterprises and public institutions participate in basic pension insurance, the basic pension insurance premiums that should be paid during the deemed payment period shall be borne by the government.