1, overpaying housing surplus
According to the relevant regulations of individual income tax collection in China, the monthly housing provident fund is deducted before tax, which means that the housing provident fund is not taxed.
2. Investment in duty-free products
In addition to savings, a low-tax product with 20% interest tax, there are two major benefits-education savings. The interest income of personal education savings deposits is exempt from personal income tax (interest 20%); As a zero deposit and lump-sum withdrawal deposit, education savings enjoy preferential interest rates for lump-sum withdrawal.
Money market funds are a good choice. In addition to earning higher interest than demand deposits, the interest earned does not need to pay personal ownership tax. There are other funds that distribute dividends, bonuses and interest to individual investors, and no longer withhold personal income tax. At the same time, individual income tax will not be levied according to the current tax regulations for the difference income obtained by individual investors buying and selling stocks, futures or fund units.
Step 3 buy insurance
Except for medical insurance, basic old-age insurance and unemployment insurance funds, in the investment dividend insurance, insurance income does not have to pay 20% personal income tax.
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