At present, the personal pension system has been implemented in 36 leading cities (regions) in China, and all workers who have established basic old-age insurance relations in leading cities can participate in the personal pension system. The individual pension tax policy stipulates that the individual pension is subject to deferred tax preferential policies.

In the payment link, the individual's contribution to the individual pension fund account is deducted from the comprehensive income or operating income. In order to facilitate taxpayers to enjoy the policy in time, the tax department has optimized and upgraded the tax system. Taxpayers can fill in the deduction information through the mobile phone tax APP and push it to the unit with one click, so that they can enjoy pre-tax deduction when they pay their wages every month.

Personal pension purchase method

The personal pension account established on the information platform is used for information recording, inquiry and service; A personal pension fund account opened or designated in a bank for payment, product purchase, income collection, etc.

The two accounts are unique to each other, and the insured can open them in the national social insurance service platform, the national people's social government service platform, electronic social security cards, commercial banks and other channels.

Reference to the above contents: State Taxation Administration of The People's Republic of China, People's Republic of China (PRC)-Three steps to enjoy the preferential tax policy for personal pension.