The funds in the personal pension fund account can independently purchase financial products such as bank wealth management, savings deposits, commercial pension insurance and Public Offering of Fund. After the insured reaches the age or condition of receiving the basic pension, he can receive the individual pension monthly, by stages or at one time. These operations are all completed in the capital account, and there is no need to go to multiple financial institutions.

There will be certain tax incentives for purchasing financial products through this account, which is also one of the measures taken by the government to encourage and guide the public to participate in the third pillar.

What products can I buy now?

Although the individual pension system has not been fully implemented, banks, insurance and funds have begun to accelerate their layout. Bank wealth management, savings deposits, commercial pension insurance and Public Offering of Fund four types of personal pension investable products have been put in place in advance. Most of these pension financial products emphasize "long" and "stable" in design concept, with relatively long holding period, relatively small investment risk and relatively low investment threshold.

Above.