Among all savings deposits, only the interest of education savings deposits is exempt from personal income tax, and the current interest income tax is 20%. Therefore, investment in education savings can increase the investment income by 20% compared with time deposits of the same term. In addition, as a zero deposit and lump-sum withdrawal deposit, education savings enjoy the interest rate of lump-sum withdrawal. Combining the two advantages of tax exemption and preferential interest rates, the income of education savings deposits is at least 1.76 times that of fixed deposits and lump-sum deposits in the same period.
At present, the state stipulates that the object of education savings is students above the fourth grade of primary school, so families with school-age students can invest in education savings. When studying in primary school, high school (technical secondary school), undergraduate (junior college), master and doctoral students, you can enjoy a tax exemption of up to 20,000 yuan at each stage. In other words, if a child gets a doctorate, he can enjoy a total tax exemption of 80,000 yuan. When the education savings account expires, students who are receiving non-compulsory education must be able to provide proof of identity to enjoy preferential interest rate and interest-free tax, otherwise, interest will be calculated according to time deposit and lump-sum withdrawal.
Treasury bonds and special financial bonds
Because of its stable income and low risk, bonds have become a wealth management product that conservative wealth managers are keen to invest in. According to the individual income tax law, among bonds, only individuals who invest in treasury bonds and special financial bonds are exempt from individual income tax. Relatively speaking, the vast majority of public investment is national debt.
The risk of national debt is almost zero, and the interest rate is slightly higher than that of bank deposits in the same period. In the long run, it is reasonable for individuals to invest in national debt. Due to tax exemption, even though the coupon rate of corporate bonds is slightly higher than that of national bonds, the actual income after tax deduction is lower than that of national bonds.
Treasury bonds are divided into voucher-type treasury bonds, book-entry treasury bonds and voucher-type treasury bonds with the same term. The yield is higher than that of book-entry treasury bonds, but the liquidity is poor.
RMB and foreign exchange wealth management products
At present, many banks have launched various RMB wealth management products and foreign currency wealth management products. RMB wealth management products and foreign exchange wealth management products are temporarily exempt from income tax. RMB and foreign exchange financial products belong to expert financial management, which is conducted by investment experts with many years of experience in financial product trading. Compared with other wealth management products, the biggest advantage of RMB wealth management and foreign currency wealth management is that banks have mastered some investment fields that only banks can enter, ensuring high returns and avoiding many market risks, but their liquidity is not good.
open-ended fund
With the outbreak of the stock market in recent one or two years, the investment income of open-end funds is as high as 100%, which makes almost all people who want to make money become "citizens". Investing in open-end funds not only has the opportunity to get high returns, but also does not have to pay personal income tax.
Open-end funds are managed by experts, with high yield, good liquidity and strong liquidity, which are suitable for long-term investment. However, judging from the current market, it is not a simple thing to invest in open-end funds in order to obtain the same high returns as in 2006. In the current situation of stock market volatility, open-end funds with partial shares and allocation may still lose money.
Trust products
Trust is a financial product issued by a trust company. It refers to the property management behavior that the trustor entrusts his property right to the trustee based on his trust in the trustee, and the trustee conducts it in his own name for the benefit of the beneficiary or for a specific purpose according to the wishes of the trustor. At present, the country does not levy personal income tax on trust income for the time being, so it is a good wealth management product.
Trust funds have a wide range of investments, such as investment enterprises, stocks, bonds and urban infrastructure construction. From the perspective of investment income, the yield to maturity of trust is obviously higher than that of bonds and savings of the same variety in the same period. Theoretically speaking, the risk of trust investment is between bank deposit and stock investment; However, due to the serious information asymmetry in the trust plan, the risk of investors buying trust products is actually greater than the risk of buying stocks, and the liquidity is poor.
Insurance products
According to the current laws of our country, any insurance money is tax-free, that is to say, you don't have to pay personal income tax to receive insurance money and claim money. To this end, after purchasing sufficient protection, you can purchase investment-type or dividend-paying insurance with funds that are not urgently needed and have no better investment channels, so that the professional financial management team of the insurance company can take care of your property and obtain stable income.
For wealth managers who have a large number of assets left to future generations, it is more appropriate to choose insurance for financial management. At present, inheritance tax has not been levied in China, but with the development of economy and the improvement of laws, it should be inevitable to levy inheritance tax. According to international practice, the inheritance tax is generally above 40%. Before children inherit the estate, they must first raise the inheritance tax. If parents don't plan their inheritance in advance and don't leave enough cash and deposits when they die, the huge inheritance tax will often become a heavy burden for their children. Faced with such a high proportion of taxes, it is an important financial task for wealthy families to avoid inheritance tax reasonably.
Therefore, insurance is one of the best tax avoidance methods, which can ensure the complete transfer of assets to the next generation. But in the same way, you should be careful not to invest too much when buying insurance, because from the perspective of family income and expenditure and financial management, it is best not to exceed 15% of family income, which is the most reasonable proportion of funds.