1, payment methods are different: tax-deferred pension insurance is paid by both enterprises and employees, withheld and remitted by enterprises, and personal pension is paid by individuals independently;

2. Different tax policies: the payment of tax-deferred pension insurance can be deducted from the personal income tax of that year, that is to say, the amount of payment can reduce the taxable amount of that year, while personal pension can not enjoy this tax policy;

3. Different investment methods: the insurance company is responsible for the capital investment of tax-deferred pension insurance, which has low investment risk; Personal pension needs to choose its own investment target, and the investment risk is high;

4. Different ways of receiving: Tax-deferred pension insurance is generally received in the form of annuity after retirement, and personal pension can be received in one lump sum or in installments.

Criteria for applying for pension:

1, payment period: enterprises and individuals must pay the old-age insurance premium according to the regulations, and they can enjoy the old-age insurance benefits only after reaching the prescribed payment period;

2. Payment amount: Enterprises and individuals must pay the old-age insurance premium in accordance with the regulations and pay the insurance premium in full in order to enjoy the corresponding old-age insurance benefits;

3. Age requirements: enterprises and individuals must reach the required retirement age to enjoy the old-age insurance benefits;

4. Other conditions: For example, enterprises and individuals must have full capacity for civil conduct, enterprises must be registered, and individuals must be within the prescribed social security contributions.

To sum up, tax-deferred old-age insurance and personal pension are both set up to meet people's old-age needs, but each has different characteristics and advantages.

Legal basis:

Article 10 of People's Republic of China (PRC) Social Insurance Law

Employees shall participate in the basic old-age insurance, and the employer and employees shall jointly pay the basic old-age insurance premium.

Individual industrial and commercial households without employees, part-time employees who have not participated in the basic old-age insurance in the employer and other flexible employees can participate in the basic old-age insurance, and individuals pay the basic old-age insurance premium.

The measures for the endowment insurance of civil servants and staff managed by reference to the Civil Service Law shall be formulated by the State Council.