Occupational annuity is another supplementary form of pension insurance on the basis of pension insurance, which can be collected together with pension insurance. According to the relevant documents: "After the staff meet the retirement conditions stipulated by the state and go through the retirement procedures according to law, I will choose the way to receive the occupational annuity treatment on a monthly basis. It can be used to buy commercial endowment insurance products at one time, receive benefits according to the insurance contract and enjoy the corresponding inheritance rights: you can choose to calculate and pay the monthly treatment standard of occupational annuity according to the number of months corresponding to your retirement until it is paid out. I will not change it after I choose any collection method. "

Legal basis: Other deductions determined according to law as mentioned in Article 13 of the Regulations for the Implementation of the Individual Income Tax Law of the People's Republic of China, including the payment of enterprise annuities and occupational annuities that meet the requirements of the state, the purchase of commercial health insurance and tax-deferred commercial endowment insurance that meet the requirements of the state, and other items that can be deducted according to the provisions of the State Council. Special deductions, special additional deductions and other deductions determined according to law shall be limited to the taxable income of individual residents in a tax year. If the deduction cannot be completed in one tax year, it will not be carried forward to the next year.