The Opinions on Promoting the Development of Personal Pension has established the framework of personal pension system with government policy support, individual voluntary participation and market operation. Personal pension insurance covers employees who participate in basic old-age insurance in China. Personal pension is based on personal account system, and the funds in the personal pension account can choose to buy financial products such as bank wealth management that meet the requirements. After reaching the age of receiving basic pension, individual pension shall be received monthly, by stages or at one time, and shall not be withdrawn in advance unless otherwise stipulated.
Promote the development of individual pension and adhere to the principles of government guidance, market operation and orderly development. Pay attention to the guiding role of the government, and plan individual pensions in a multi-level and multi-pillar pension insurance system; Give full play to the role of the market, create an open, fair and just competitive environment, and mobilize the enthusiasm of all parties; Strict supervision and management, effectively prevent risks, and promote the healthy and orderly development of personal pensions.
The preferential policies are as follows:
First, the implementation of deferred tax preferential policies for personal pensions. 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, personal income tax will not be levied on the investment income included in the personal pension fund account for the time being; In the process of collection, the personal pension received by the individual is not incorporated into the comprehensive income, and the personal income tax is calculated and paid separately at the tax rate of 3%, and the tax paid is included in the "income from wages and salaries" project.
Two, when individuals enjoy pre-tax deduction, the deduction certificate issued by the personal pension information management service platform is the tax deduction certificate. Income from wages and salaries, and income from personal income tax and labor remuneration withheld according to the cumulative withholding method, can be deducted according to the facts in the current year's withholding and prepayment or the next year's final settlement. If you choose to withhold and pay in the current year, you should provide relevant vouchers to the withholding unit in time. The withholding unit shall, in accordance with the relevant requirements of this announcement, handle the relevant matters of pre-tax deduction for taxpayers. Those who obtain other labor remuneration, royalties, royalties and other income or business income shall be deducted within the limit standard in the next year's final settlement. When an individual receives an individual pension according to the regulations, the commercial banking institution in the city where the individual pension fund account is opened shall withhold and remit the personal income tax payable.
Third, the human resources and social security department and the tax department should establish an information exchange mechanism, exchange tax-related information of personal pensions with the tax department through the personal pension information management service platform, and cooperate with the tax department to do a good job in tax collection and management.
Four, the relevant branches of commercial banks should timely and fully declare the taxpayer's tax situation in the bank to open a personal pension fund account, to ensure that the information is true and accurate.
Five, all levels of finance, human resources and social security, taxation, financial supervision and other departments should cooperate closely, carefully organize the implementation, and timely report the difficulties and problems encountered in the implementation process to the higher authorities.
Legal basis:
Opinions of the General Office of the State Council on Promoting the Development of Individual Pensions (No.7 [2022] of the State Council)
Personal pension is based on personal account system, and the payment is entirely borne by the insured, and it is completely accumulated. The insured establishes a personal pension account through the personal pension information management service platform (hereinafter referred to as the information platform). Personal pension account is the basis for participating in the personal pension system and enjoying preferential tax policies.
Announcement on Personal Pension Personal Income Tax Policy Announcement No.34 of 2022
1. From June 65438+1 October1day, 2022, individual pensions will be 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 according to the limit standard of 12000 yuan/year; In the investment link, personal income tax will not be levied on the investment income included in the personal pension fund account for the time being; In the process of collection, the personal pension received by the individual is not incorporated into the comprehensive income, and the personal income tax is calculated and paid separately at the tax rate of 3%, and the tax paid is included in the "income from wages and salaries" project.
Two, when individuals enjoy pre-tax deduction, the deduction certificate issued by the personal pension information management service platform is the tax deduction certificate. Income from wages and salaries, and income from personal income tax and labor remuneration withheld according to the cumulative withholding method, can be deducted according to the facts in the current year's withholding and prepayment or the next year's final settlement. If you choose to withhold and pay in the current year, you should provide relevant vouchers to the withholding unit in time. The withholding unit shall, in accordance with the relevant requirements of this announcement, handle the relevant matters of pre-tax deduction for taxpayers. Those who obtain other labor remuneration, royalties, royalties and other income or business income shall be deducted within the limit standard in the next year's final settlement. When an individual receives an individual pension according to the regulations, the commercial banking institution in the city where the individual pension fund account is opened shall withhold and remit the personal income tax payable.
Three, human resources and social security departments and tax authorities should establish an information exchange mechanism, through the personal pension information management service platform to exchange personal pension tax-related information with the tax authorities, and cooperate with the tax authorities to do a good job in tax collection and management.
Four, the relevant branches of commercial banks should timely and fully declare the taxpayer's tax situation in the bank to open a personal pension fund account, to ensure that the information is true and accurate.
Five, all levels of finance, human resources and social security, taxation, financial supervision and other departments should cooperate closely, seriously organize the implementation, and the difficulties and problems encountered in the implementation of this announcement will be reported to the higher authorities in a timely manner.
VI. The tax policies stipulated in this announcement shall be implemented as of the first city individual pension 1 day in 2022.