Everyone will get old. Most people will save a sum of money or buy a pension before they get old to give themselves a guarantee in the future. So what does the personal pension system mean? What's the difference between buying your own wealth management? I have prepared relevant contents for your reference.

What does the individual pension system mean?

The personal pension system is an additional guarantee after retirement. The personal pension system is a personal account system, and everyone needs to pay their own fees. The upper limit of paying personal pension every year is 12000 yuan.

The funds in the personal pension fund account are used to purchase financial products such as bank wealth management, savings deposits, commercial pension insurance and Public Offering of Fund that meet the requirements. , safe, mature, stable and standardized, focusing on long-term preservation to meet the preferences of different investors. So be aware that this is risky.

What's the difference between buying your own wealth management?

Personal pension is an investment product specially provided for the elderly, including high-risk funds, wealth management products, low-risk bank wealth management, national debt and so on. The risk inside is not big as a whole, but there are risks.

If you manage your own money, the scope of purchase will be wider, not necessarily for the investment and wealth management of the elderly, including gold wealth management, stock trading wealth management, fund wealth management and so on. Some risks are greater, and some risks are smaller, all by your own choice.