Competing for the trillion-dollar "blue ocean" market in advance, many banks launched an appointment to open an account.
According to the list published by China Banking and Insurance Regulatory Commission, the first batch of 23 banking institutions were allowed to open accounts. Including six state-owned banks, namely CITIC, China Everbright, Huaxia, Minsheng, China Merchants, Xingye, Ping An, Guangfa, Pudong Development Bank, Zheshang, Bohai and Hengfeng, and five city commercial banks, namely Bank of Beijing, Bank of Shanghai, Bank of Jiangsu, Bank of Bank of Ningbo and Bank of Nanjing.
Participants can change individual pension fund accounts between different commercial banks.
An account manager of a state-owned bank told reporters that a personal pension account can be opened on the afternoon of the 25th. A person from another large state-owned bank also said that an individual pension account can be opened on Friday.
In fact, the reporter found that financial institutions have recently robbed the "cake" of personal pension business, and many banking institutions have launched appointment accounts. For example, ICBC launched the "pre-account opening" function in the applet, and the account manager said that when the personal pension investment is officially launched, it will automatically help the reserved customers to complete the account opening.
Some bank account managers admit that since each participant can only open a unique fund account in one bank, in the face of this trillion-dollar personal pension "blue ocean" market, banking institutions are competing to seize the opportunity in advance.
According to the research report of CITIC Securities, by 2035, the scale of individual pension financing will reach 12 trillion. According to the proportion of pension financing 30%, pension savings 25%, pension target fund 20%, individual pension insurance 10% and others 15%, banks, insurance companies and fund companies all have large business space. Taking the fund as an example, it is estimated that the pension target fund will account for 20%, close to the scale of 2.5 trillion, and the growth space will be about 25 times in the next decade.
According to CICC's calculation, if the three pillar funds only invest in pension financial products in the short term, it will bring about 1.24 trillion yuan of income to the asset management industry in the short term. In the medium and long term, from construction to maturity, it is expected to bring 18 to 26 trillion yuan of incremental funds to the asset management industry.
Personal pension is the third pillar of providing for the aged.
Personal pension is the institutional arrangement of the country on the third pillar, which refers to the system of government policy support, individual voluntary participation, market-oriented operation and the realization of supplementary functions of old-age insurance. Personal pension is subject to personal account system, and the payment is entirely borne by the insured. You can choose to buy financial products (collectively referred to as personal pension products) such as savings deposits, wealth management products, commercial pension insurance and Public Offering of Fund.
China's endowment insurance system includes "three pillars". The first pillar is the basic old-age insurance, which is relatively perfect at present and its coverage is constantly expanding. The second pillar is enterprise annuity and occupational annuity, which mainly play a supplementary role and are established by employers and their employees, and have a certain development foundation; The third pillar is slightly insufficient, and there was a lack of corresponding institutional arrangements before, mainly including personal savings pension insurance and commercial pension insurance.
In April 2022, the State Council issued the Opinions on Promoting the Development of Individual Pension. Recently, the measures and rules for the implementation of individual pensions have been implemented intensively.
165438+1On October 4th, Ministry of Human Resources and Social Security, Ministry of Finance, State Taxation Administration of The People's Republic of China, China Banking Regulatory Commission and China Securities Regulatory Commission jointly issued the Measures for the Implementation of Individual Pensions. On the same day, the Ministry of Finance and State Taxation Administration of The People's Republic of China jointly issued the Announcement on Individual Income Tax Policy for Individual Pensions, and the CSRC issued the Interim Provisions on the Administration of Public Offering of Individual Pension Securities Investment Funds.
165438+1October18th, the CBRC issued the Notice on Printing and Distributing the Interim Measures for the Administration of Personal Pension Business of Commercial Banks and Wealth Management Companies, and announced the first batch of institutions offering personal pension business, including 23 banks and1wealth management companies. On the same day, the CSRC issued the Catalogue of Individual Pension Funds and the Catalogue of Individual Pension Fund Sales Organizations.
165438+1October 2 1 day, China Banking Regulatory Commission issued the Notice on Relevant Matters Concerning Personal Pension Business of Insurance Companies.
Learn more d:
1, how to participate?
To participate in personal pension, you need to open two accounts: one is to establish a personal pension account on the personal pension information management service platform (information platform for short); The other is a personal pension fund account opened or designated in a bank.
Personal pension account: through the national social insurance service platform, the national human resources and social security government service platform, electronic social security card, handheld 12333APP and other national unified online service portals or commercial bank channels, personal pension accounts are opened on the information platform.
Personal pension fund account: choose a commercial bank that meets the requirements to open or designate my only personal pension fund account. It can also be designated by other qualified individual pension product sales organizations.
2. What's the difference between "individual pension account" and "individual pension fund account"?
Personal pension account is used to register and manage personal identity information, which is associated with the basic old-age insurance and records the payment, investment, collection, deduction and payment of personal income tax of personal pension, which is the basis for the insured to participate in personal pension and enjoy preferential tax policies.
Personal pension fund accounts are managed with reference to Class II households under personal RMB bank settlement accounts.
Individual pension fund accounts are bound with individual pension accounts to provide participants with services such as fund depository, payment quota registration, personal pension product investment, personal pension payment, personal income tax payment, fund and related rights and interests information inquiry.
3. how to collect it?
Personal pension fund accounts are closed, and the insured who have reached the age of receiving basic pension, completely lost their ability to work, settled abroad (border) and other circumstances stipulated by the state can receive personal pension on a monthly, phased or one-time basis.
When the insured person receives an individual pension, the commercial bank shall examine the qualifications of the insured person through the information platform and transfer the funds into the insured person's own social security card bank account.
4. What are the benefits of participating in personal pension?
The most direct benefit is that you can enjoy the preferential tax policies of the state. In addition, a supplementary pension channel has been added.
The maximum amount of personal pension paid by the insured person every year is 12000 yuan, which can be paid monthly, by stages or annually. The payment amount is accumulated according to the natural year and recalculated in the following year.
Since June 65438+ 10/day, 2022, the preferential tax payment policy for individual pensions has been implemented. In the payment link, the individual's contribution to the individual pension fund account is deducted from the comprehensive income or operating income according to the limit standard of 12000 yuan/year; In the investment link, the investment income included in the personal pension fund account is not taxed temporarily; In the process of collection, the personal pension received by individuals is not incorporated into the comprehensive income, and the individual tax is calculated and paid at the rate of 3%, and the tax paid is included in the "income from wages and salaries" project.
5. How to invest the account funds?
Participants independently choose to buy personal pension products that meet the requirements, including savings deposits, wealth management products, commercial pension insurance, Public Offering of Fund and other financial products. Compared with general financial products, personal pension products have four attributes: safe operation, stable maturity, standardized target and long-term preservation, so as to better protect the lives of retirees.