When you retire, everyone hopes to have a high pension benefit to meet their pension needs. But to be honest, relying solely on one pension is far from enough. At present, there are five types of pensions that have been established and are being established in our country. If they are superimposed on each other, they will be enough to meet the pension needs of anyone.
Social pension insurance pension.
Social insurance pension refers to the pension system established based on our social insurance, which mainly includes two categories: basic pension insurance for employees and urban and rural residents' pension insurance.
Many people may not pay attention to it. The pension insurance contribution base for social insurance is all capped. No matter how high the income is, you can only pay according to the upper limit, and the final pension upper limit will be determined.
Social insurance can only provide the most basic pension security, generally 30% to 40% of pension income. In 2021, the per capita pension level for retired employees in my country's enterprise will be only 2,987 yuan. Some flexible employment personnel pay a minimum base of 15 years, and their pension is only about 1,000 yuan.
annuity pension.
annuity pension can only be participated on the basis of participating in social pension insurance. At present, it mainly includes two types: occupational annuity and enterprise annuity .
At the end of 2021, the number of employees participating in the annuity of enterprises in my country was 28.75 million, and the annuity investment and operation scale was 2.61 trillion yuan. At present, the operating scale of occupational annuities has reached 1.79 trillion yuan.
annuity pension biggest advantage is transfer payment and tax deferral. Annuity pension is paid jointly by the unit and the individual. For example, the occupational annuity is only 4% of the contribution base, while the employer is 8% of the contribution base. When collecting the
annuity, you need to pay personal income tax according to the monthly collection amount. Within RMB 3,000 per month, the tax rate is only 3%. Pension annuity is also expected to provide 1/3 of future pension benefits.
personal pension.
Personal pension is a newly proposed system by the state, and the state has issued guiding opinions. It is expected that it will be fully promoted in some regions after one year before the end of the year.
Personal pensions are subject to a personal account system, and the payment is entirely borne by the participants. Participants establish personal accounts through the personal pension information management service platform (Ministry of Human Resources and Social Security).
Only those who participate in the employee basic pension insurance or urban and rural residents' pension insurance are eligible to participate in the personal pension. The maximum amount of personal pension payment for individuals is RMB 12,000 per year. If accumulated over a long period of time, it will be a considerable wealth.
The country formulates tax preferential policies. The funds for personal pension can be used for financial products such as bank wealth management, savings deposits, commercial pension insurance, , public funds, etc. The country will formulate rules for these products, so it will be relatively safer.
Commercial insurance pension.
The country has piloted the tax-deferred pension insurance in 2018. However, the mainstream of commercial pension insurance is still the pension benefits formed by after-tax payment.
The biggest feature of pension benefits in pension insurance is that it can be collected for life and is very flexible.
Commercial pension insurance will not set an upper limit, but tax-deferred pension insurance has an upper limit to enjoy tax deferred preferential treatment.
Commercial pension insurance can determine whether to withdraw cash value according to individual needs and terminate the pension insurance relationship, with higher flexibility than social security pension.
Personal savings pension.
In November 2022, the specific pension savings deposits launched by the four major banks in the country are about to arrive. The term of deposit is 5 years, 10 years, 15 years and 20 years, and I believe the interest rate will be more favorable.
This is a savings deposit for the purpose of pension. It can be withdrawn in full by zero deposit, or in full deposit, and interest can be paid on time, as a kind of pension. There is no upper limit for savings deposits and can be redeemed in advance according to individual needs, which can effectively increase the flexibility of pension.
