个人养老金是政府政策支持、个人自愿参加、市场化运营的补充养老保险制度，是我国多层次多支柱养 老保险体系第三支柱的重要组成部分，采取个人账户积累模式，与基本养老保险形成功能互补。二者在 保障属性、缴费机制、资金管理等方面差异显著，其核心关联在于，参加个人养老金需以缴纳基本养老 保险为前提，共同构成养老保障的基础网络。 （来源：工人日报） 观点 个人养老金领取政策的持续优化精准回应民生所需。要在筑牢民生底线与维护制度可持续性之间探寻动 态平衡，为第三支柱养老保险高质量发展奠定基础。 个人养老金领取政策的持续优化是我国多层次养老保险体系完善的重要体现。一系列调整打破了个人养 老金"封闭积累"的传统模式，构建起兼顾应急兜底与长期养老的弹性保障框架。这一政策演进精准回应 民生所需，要在筑牢民生底线与维护制度可持续性之间探寻动态平衡，为第三支柱养老保险高质量发展 奠定基础。 个人养老金领取政策的逐步完善 从政策调整的深层逻辑来看，此次优化源于三重现实需求：一是缓解民生困境，重大疾病、长期失业等 突发状况下，个人养老金的应急通道是对基本保障的必要补充；二是增强制度弹性，作为自愿参与的第 三支柱，灵活的领取规则能提升制度吸引 ...

Group 1 - The article discusses the benefits of personal pension contributions, highlighting that individuals can make monthly, multiple, or annual contributions and choose to deduct taxes either monthly or annually based on the type of proof [3] - Personal pension contributions are capped at 12,000 yuan per year, which can be deducted from comprehensive or business income [3] - Investment income credited to personal pension accounts is not subject to personal income tax [3][4] Group 2 - Upon withdrawal, personal pensions are not included in comprehensive income and are taxed at a separate rate of 3% [3][4]

文 | 银行螺丝钉 （转载请注明出处） 中,红利策略代表价值风格,龙头策略 (A系列指数) 代表成长风格。 这两种投资风格,长期来看收益表现差 别不大，只是短期会有差别。 在投资的时候，我们可以分散配置不同 的投资风格,无论哪种风格表现好,都 能受益。分散配置后，还要根据不同风 格的涨跌，做好再平衡。 (2) 确定了品种之后，怎么确定定投金 载呢? 计划包括定投的具体品种和金额、再平 衡方案、止盈操作等，方便大家参考。 在公众号底部对话框回复「 个人养老 金 」，就可以查看最新一期的定投实盘 信息了。 ය < 银行螺丝钉 个人养老金 ▼点击阅读原 文，免费学习大额家庭资产配置课程 个人养老金账户，支持随时转入资金。 可以在每年开始的时候转入12000元, 也可以每月、每周定投的时候转入。如 果当年资金紧张，不投入也OK。 可以根据自己的具体情况来灵活调整。 (3) 养老指数基金,怎么卖出止盈呢? 指数低估的时候,个人养老金账户的资 金可以定投指数基金，在指数正常估值 的时候持有，高估的时候止盈。 如果不适合投资指数基金了，比如指数 达到正常或者高估状态，账户里的资金 可以投资国债、储蓄存款、理财等。 每周二晚 ...

Core Viewpoint - The article emphasizes the importance of personal pension accounts as a supplementary retirement savings option, highlighting the tax benefits and investment opportunities they provide for individuals planning for retirement [3][5]. Group 1: Understanding Personal Pensions - The personal pension system is designed to allow individuals to prepare additional retirement savings beyond the basic social security, which ensures a minimum living standard [5]. - The personal pension offers four key features: individual accounts, self-directed investment options, deferred taxation, and closed operation until retirement age [6]. Group 2: Tax Savings from Personal Pensions - Contributions to personal pension accounts can be deducted from taxable income, effectively acting as a "tax refund" [10]. - The amount of tax saved depends on the individual's tax bracket, with higher tax rates yielding more significant savings [12]. - For example, individuals with an annual taxable income exceeding 960,000 yuan can save up to 5,400 yuan annually [11]. Group 3: Investment Options and Benefits - Personal pension funds can be invested in various products, including savings deposits, insurance products, wealth management products, and public funds [15]. - The article notes that as of December 15, 2025, there are 1,256 personal pension products available, with different risk-return profiles suitable for various investors [15]. - Public funds within personal pension accounts have shown promising returns, with over 98% of funds reporting positive returns since inception [18]. Group 4: Participation Process - The process to participate in personal pensions involves three steps: account opening, fund transfer, and investment [20]. - Individuals can choose how much to contribute each year, but they can only open one account across different banks, which may offer different investment products [22].

Core Insights - The deadline for personal pension contributions for the year 2025 is December 31, which allows individuals to enjoy a tax deduction of up to 12,000 yuan, representing a significant opportunity for retirement savings [1] - Understanding and utilizing the "Y share" investment tool is crucial for maximizing the growth of funds deposited into personal pension accounts [1] Group 1: Y Shares Overview - Y shares are a specific type of fund share established for personal pension investment, functioning as a "pension-exclusive version" of mutual funds, purchasable only through personal pension accounts [3] - Only funds included in the official national "Personal Pension Fund Directory" are eligible for Y shares, ensuring product stability and suitability [3] Group 2: Advantages of Y Shares - Y shares offer lower fees, with management and custody fees typically halved compared to regular shares, and no sales service fees, enhancing long-term investment returns through compounding effects [4] - Y shares usually waive subscription fees, further reducing investment costs [5] - Y shares are designed for long-term investment and risk control, with automatic reinvestment of dividends, aligning well with the nature of retirement funds [5] Group 3: Performance Metrics - As of the end of Q3 2025, the total scale of Y shares has exceeded 15 billion yuan, reflecting a growth of approximately 65% from the end of 2024 [7] - Over 98% of personal pension fund products have generated positive returns since inception, with more than 99% achieving positive returns within the year [7] Group 4: Selection Strategy for Y Shares - Investors are advised to follow a three-step approach: categorize funds, match them to personal needs, and select the best options within each category [8] - Y shares are primarily divided into two categories: target date funds (FOF) and index funds, catering to different investment philosophies and risk appetites [9] - For those seeking a hands-off investment approach, target date funds are recommended, while index funds are suitable for cost-sensitive investors looking for straightforward market exposure [10] Group 5: Urgency of Action - The importance of acting before the December 31 deadline is twofold: securing tax benefits and initiating investment through Y shares to leverage time and compounding for retirement [13] - Retirement planning is a long-term endeavor, emphasizing the need for the right direction, suitable tools, and perseverance, with Y shares serving as a professional tool for this journey [13]

高铁飞驰亮出中国速度，规划好养老保障的人生尽享幸福时光轻缓。近期，泰康人寿携手中国高铁重磅 推出"泰康个人养老金高铁列车"，与高铁乘客共同开启幸福人生新征程。 泰康人寿力量携手中国速度，为每一份幸福许保驾护航 个人养老金产品搭载"中国速度"，奔向幸福新征程 近年来，凭借着泰康保险集团大健康生态体系支撑，泰康人寿在保险、资管、医养等领域深度协同发 展，不断提升综合实力，并积极投身养老产业，努力成为国家养老保障三支柱体系建设的中坚力量。此 次开行个人养老金高铁列车，将以中国高铁"国家名片"的影响力实现品牌形象与认同感的双重提升，让 更多乘客在旅途中了解"个人养老金"政策优越性，以及泰康人寿产品的独特魅力。 作为一项国家提出的补充养老保险制度，"个人养老金"不仅是 对现有养老保险体系的重要补充，还为参与者提供税收优惠的政策支持。每年缴存1.2万元"个人养老 金"，年度最高可节省5400元税金，"省税"的同时，还有 "升值"的可能性。 备注：个人养老金资金账户的缴费，按照12000元/年的限额标准，在综合所得或经营所得中据实扣除， 抵扣的前提是个人收入达到一定标准。领取时单独按照3%税率计算缴纳个人所得税，不并入综合 ...

Core Viewpoint - The article discusses the personal pension system in China, emphasizing the benefits of tax deductions for high-income earners and the investment options available within personal pension accounts, particularly focusing on index funds [3][6][63]. Group 1: Personal Pension Account Details - The deadline for transferring funds into personal pension accounts is December 31, 2025, with an annual contribution limit of 12,000 yuan [3][4]. - Individuals with higher incomes benefit more from the tax deferral advantages of personal pension accounts, making it more attractive for them [7][11]. - A table is provided to help individuals assess their suitability for opening a personal pension account based on their monthly pre-tax income [8][9]. Group 2: Investment Options in Personal Pension Accounts - Personal pension accounts can invest in various products, including commercial pension insurance, savings deposits, wealth management, public funds, and government bonds [15]. - As of September 30, 2025, there are 91 index funds included in the personal pension fund directory, covering 16 mainstream stock indices [16][18]. - The article highlights two classic investment strategies for index funds: combining the CSI 300 and the CSI 500, and pairing leading strategy indices with dividend strategy indices [22][25]. Group 3: Investment Strategy and Performance - The article suggests diversifying investments across different styles, such as growth and value, to balance risks and returns [34][37]. - It notes that both growth and value investment styles have shown similar long-term performance, despite short-term fluctuations [34][40]. - The article provides insights into how to determine investment amounts and strategies for personal pension accounts, including the importance of market conditions [42][44]. Group 4: Common Questions and Clarifications - The article addresses common questions regarding the operation of personal pension accounts, including the ability to redeem funds and the conditions under which funds can be accessed [58][61]. - It emphasizes that personal pension accounts are designed for long-term investment, ideally suited for individuals with a risk tolerance for market fluctuations [52][63].

编者按 个人养老金是由政府政策支持、个人自愿参加、市场化运营的补充养老保险制度，自2022年11月试点推 出至今已满三周年，全国推广也已满一年。这期间，个人养老金呈现稳健发展态势，参与户数和存续规 模逐年提升，可投资产品类型及数量持续扩容，为满足居民的多样化养老投资需求提供了更多选择。 易方达基金说 你是否想象过，30年后的自己，过着怎样的生活？ 那时的你，是从容地享受人生金秋，还是为生计与开支而焦虑？这两个未来的差别，或许就在于现在的 一念之间。 在此期间，A股经历多个周期，但在时间的复利下，这笔投资仍然实现了接近翻倍的增长。如果每次投 入更多、投入时间更久，那么到你退休时，这笔钱很可能成为你养老保障中最坚实的部分。时间，是养 老投资中最公平的资本。 如果说社保是国家为居民退休生活所提供的基本保障，那么个人养老金就是我们为提升自己退休生活品 质所准备的保障。个人养老金自2022年11月试点推出，去年末在全国推广实施，其"只进不出"的封闭运 作机制，不仅为养老金的专款专用提供了保障，也为长期投资提供了土壤；而丰富的个人养老金产品， 则为养老投资提供了多样化选择。 目前，易方达基金旗下共有25只个人养老金产品， ...

来源：工银瑞信投教研习社 点击下方查看更多精彩内容： 不止"领社保"，个人养老金是您的"养老升级包" '个人养老金'搭配'基金'，养老黄金搭档？ 首先,先找准您的"人生时区",解锁 贴合自身的专属养老投资计划~ 委员。 第一步: 开立双账户,给养老钱安个专属家 参与个人养老金,需要先配齐"两个 专属账户"，二者是绑定关系，缺一 不可。一个是个人养老金账户,相当 于你的"养老身份凭证",在社保 APP、电子社保卡等线上渠道完成开 ● 青壮年时期(25-40岁)：投资期限较长,可 适当关注具有长期成长潜力的基金产品,通 过长期投资积累养老资金,为未来养老打下 坚实基础。 ● 中年时期（41-55岁）: 养老规划进入关键阶 段,可选择兼顾收益与稳健的基金产品,在 保持一定增值潜力的同时,逐步优化资产配 置结构。 ● 临近退休（56岁以上）：以保障资金安全、 稳健取用为核心目标,可重点配置风险等级 较低的基金产品,锁定前期投资成果,为退 休生活做好资金准备。 户,线下银行网点也能办理;另一个 是个人养老金资金账户,负责存缴资 金、购买基金等,需要在指定银行开 立。两个账户办好后,您就可以自主 选择符合规定的基金产品进 ...

金融市场瞬息万变，投资与经济政策深刻影响全球。我们为您带来昨夜今晨的财经新闻，涵盖股市动 态、经济数据、企业财务和政策更新，帮助您全面把握金融世界。 媒体：同仁堂就南极磷虾油事件致歉 守住信用才能守住百年老字号 同仁堂就"南极磷虾油"产品虚假宣传事件正式致歉，并宣布开展品牌严管专项行动。此次事件暴露了这 家356年老字号在庞大产业链下的管理失序与品控漏洞，类似问题此前亦有发生。分析指出，企业规模 扩张加剧了管理难度，若无法对旗下众多子公司实现有效全流程监控，品牌信任将持续流失。唯有 将"零容忍"承诺切实嵌入每个管理环节，方能守住百年商誉。 MiniMax冲刺IPO：收入增长近8倍、年亏损32亿，如何突围大厂围剿？ 大模型独角兽MiniMax通过港交所聆讯，冲刺全球最快AI公司IPO。招股书显示，其2024年收入同比激 增782%至2.2亿元，但净亏损高达32.7亿元，呈现"高增长、高亏损"特征。公司收入主要来自C端应用 Talkie与视频生成模型海螺AI，同时面临激烈的市场竞争与巨额现金消耗。此次IPO旨在补充弹药，但 如何在巨头环伺中聚焦内容平台与智能体等差异化方向，实现可持续商业化，是其突围关键。 中能电 ...