12, yuan. In 222, the annual payment ceiling for participating in individual pension is 12, yuan, and the Ministry of Finance and the Ministry of Human Resources and Social Security will adjust the payment ceiling in a timely manner according to factors such as China's economic and social development level and the development of multi-pillar and multi-level endowment insurance system. There is an upper limit on the individual contribution base of endowment insurance, and the upper limit is 3% of the average salary of local employees waiting for posts last year. In China, pension insurance is divided into two categories, namely, social pooling pension insurance and commercial service pension insurance.
Personal pension should be regarded as the third pillar of old-age care, and together with basic old-age insurance (the first pillar), enterprise annuity or occupational annuity (the second pillar), it constitutes the "three pillars" of China's old-age insurance system. As long as they participate in the basic old-age insurance for urban workers or the basic old-age insurance for urban and rural residents, they can participate in the individual pension system. So what is the annual payment ceiling of personal pension? Let's get to know each other.
upper limit of annual payment of personal pension
The upper limit of annual payment of personal pension for participants who participate in the personal pension system according to regulations is 12, yuan. The Ministry of Human Resources and Social Security and the Ministry of Finance timely adjust the payment ceiling according to factors such as the level of economic and social development and the development of multi-level and multi-pillar endowment insurance system, which means that the payment ceiling of 12, yuan is not permanently fixed, and may be raised with the economic development and the improvement of living standards in the future.
The personal pension system belongs to a brand-new pension system. Users who participate in the personal pension implement a personal account system, and the payment is entirely borne by the participants, which is completely accumulated. Participants establish personal pension accounts through the personal pension information management service platform. According to regulations, individual pension accounts are the basis for participating in the individual pension system and enjoying preferential tax policies.
under the personal pension system, the funds in the personal pension fund account can be used not only for providing for the aged, but also for purchasing financial products such as bank wealth management, savings deposits, commercial pension insurance, Public Offering of Fund and so on.
The legal basis
The "Implementation Measures" makes it clear that the maximum amount of personal pension paid by participants each year is 12, yuan, which can be paid monthly, by installments or by year, and the payment amount is accumulated according to the natural year and recalculated in the following year. The "Implementation Measures" stipulates that individual pension fund accounts are closed, and participants who reach the age of receiving basic pensions, completely lose their ability to work, go abroad to settle down, and other circumstances stipulated by the state can receive individual pensions on a monthly basis, in installments or at one time. When a participant receives an individual pension, the commercial bank shall check the eligibility of the participant through the information platform and transfer the funds to the participant's own social security card bank account.
The Implementation Measures clarify that commercial banks can open personal pension fund accounts for participants through their own counters or electronic channels, and support participants to pay fees through settlement accounts of commercial banks, non-bank payment institutions and cash.
in combination with the preferential tax support given by the state to individual pensions, the implementation measures clearly stipulate that participants can obtain payment vouchers enjoying preferential tax policies through national unified online service portals such as the national social insurance public service platform or commercial bank channels.