Group 1 - The Ministry of Human Resources and Social Security and four other departments have issued a notice to enrich the scenarios for receiving personal pensions, effective from September 1 [2][13] - Three new scenarios for personal pension withdrawals have been added, including medical expenses exceeding the average disposable income, receiving unemployment insurance for 12 months, and receiving minimum living security [4][13] - Eligible participants can apply for personal pensions through the national social insurance public service platform or their bank where the pension account is held [6][13] Group 2 - Participants must first enroll in the basic pension insurance in China before they can participate in personal pensions [9] - Personal pension participants can decide their contribution frequency and amount based on their financial capacity, with tax benefits applicable upon retirement [10] - Basic pensions and personal pensions are distinct, with basic pensions being available to urban workers and rural residents upon reaching the legal retirement age [11]

船坐牛儿吃业阳山） | 八川屯山) 二玄H 文 | 银行螺丝钉 （转载请注明出处） 个人养老金是自愿性质的,国家虽然鼓励 大家参与，但是不会强制。 而基本养老金是强制性，每个缴纳社保的 上班族都必须要交。 (3) 资金全部自己交 以下三个特点: (1) 自己交钱自己用 个人养老金,主要是自己现在交钱给自己 以后用。 而基本养老金是现收现付的，也就是说, 像80后、90后等上班族现在交的钱，是给 60后、50后等现在需要养老的人用的。 (2) 自愿性质 个人养老金是完全由自己个人交的。 而基本养老金,国家或者企业会承担一部 分。比如职工基本养老金，由个人和个人 所在的公司各缴纳一部分。 另外，个人养老金的一个主要优势是，可 以享受个税递延的优惠。 简单理解就是,用税前收入的一部分,存 入到养老金账户中。这部分钱现在不用缴 纳个税，退休后支取时，会按照3%的税率 来缴纳个税。 所以，可以基于自己现在的个税税率,和 未来提取时3%的税率作对比，来评估自己 参加个人养老金账户可以享受多少优惠。 整体上说,收入高、个税税率高的人,参 加个人养老金账户,可以享受到的个税递 延优惠更多，也就更划算。 ▼点击阅读原 文，免费 ...

Core Viewpoint - The Ministry of Human Resources and Social Security and the Ministry of Finance of China announced an adjustment to the basic pension level for retirees, effective January 1, 2025, with an overall increase of 2% based on the average monthly basic pension for retirees in 2024 [1] Group 1 - The increase in basic pensions primarily benefits approximately 150 million retirees from various enterprises and government institutions, highlighting the importance of the basic pension as a key component of China's multi-tiered pension system [3] - Basic pension contributions are shared among the state, employers, and individuals, while personal pensions are voluntary and depend on individual financial capacity [3][6] - Basic pensions are tax-exempt upon receipt, while personal pensions offer tax deferral benefits and are subject to personal income tax at a rate of 3% upon withdrawal [5][6] Group 2 - Personal pensions allow individuals to contribute up to 12,000 yuan annually, providing additional retirement savings beyond the basic pension [6] - The attractiveness of personal pensions increases with higher income levels due to the progressive nature of income tax, making them a strategic choice for wealthier individuals [6] - Basic pensions are considered essential for stable retirement income, while personal pensions serve as an optional tool for future financial security [6]

Core Viewpoint - The article discusses the taxation policies related to personal pensions and basic pensions in China, highlighting that basic pensions are exempt from individual income tax, while personal pensions are subject to a 3% tax upon withdrawal [3][6][7]. Summary by Sections Basic Pension Taxation - Basic pensions, as per the Personal Income Tax Law, are exempt from individual income tax, including retirement benefits and allowances for retired officials and employees [3][6]. Personal Pension Taxation - Personal pensions will be implemented nationwide starting December 15, 2024, with a deferred tax policy effective from January 1, 2024. Contributions to personal pension accounts are deductible up to 12,000 yuan per year from comprehensive or business income [3][9]. - Investment income accrued in personal pension accounts is not subject to individual income tax until withdrawal, at which point a flat tax rate of 3% applies [3][7][9]. Personal Pension Overview - Personal pensions are a government-supported, voluntary, market-oriented system aimed at supplementing basic pension benefits. Participants can choose various financial products for their contributions, which are capped at 12,000 yuan annually [4][6]. Contribution and Account Management - Participants can open personal pension accounts through designated online platforms or commercial banks, with the option to change their account bank twice a year. Contributions can be made monthly, in installments, or annually, adhering to the 12,000 yuan limit [10].

Core Points - The recent discussion around the taxation of personal pensions has raised questions about the rationale behind taxing personal pensions when income tax has already been paid on salaries [2][3] - Personal pensions serve as a voluntary supplement to the basic pension, which is mandatory and funded through payroll deductions [2][3] - The taxation model for personal pensions follows an "EET" structure: contributions are tax-deductible, investment gains are tax-free, and withdrawals are taxed at a low rate of 3% [3][4] Summary by Topics - **Difference Between Personal and Basic Pensions** - Basic pensions are mandatory and provide essential financial support post-retirement, while personal pensions are voluntary savings intended to enhance retirement income [2][3] - **Taxation on Personal Pensions** - Contributions to personal pensions can be deducted from taxable income, allowing for tax savings during the contribution phase. Investment gains within the account are not taxed, but withdrawals are subject to a 3% tax rate [3][4] - **Cost-Benefit Analysis of Personal Pensions** - For individuals with a monthly income of 10,000 yuan, contributing 12,000 yuan annually can lead to significant tax savings over time, making personal pensions a beneficial long-term investment for retirement [4]

Core Viewpoint - The recent news regarding a 3% tax on personal pensions has sparked concerns about retirement fund security, revealing two distinct pension models and the government's nuanced approach to pension policy [1]. Group 1: Basic Pension System - The basic pension, commonly referred to as retirement funds, is completely tax-exempt for all individuals, including employees, civil servants, and rural residents, regardless of the amount received [1]. - This tax exemption benefits over 210 million retirees, reflecting the government's commitment to safeguarding citizens' livelihoods [1]. Group 2: Personal Pension System - The personal pension introduced in 2021 is not a supplement to the basic pension but serves as a third pillar in the pension system, encouraging individuals to engage in long-term retirement planning [1]. - Participants can voluntarily deposit funds into a designated account for investment, with a maximum annual contribution of 12,000 yuan, enjoying tax benefits during the deposit phase, but will incur a 3% tax on both principal and earnings upon withdrawal [1]. Group 3: Impact on Different Income Groups - For high-income individuals, the 3% tax rate may be advantageous, allowing them to convert high personal income tax into long-term investment returns, with participation rates among those earning over 960,000 yuan increasing by 76% [3]. - Conversely, for the average wage earners, the appeal of this "light tax incentive" diminishes, as the annual contribution limit of 12,000 yuan is minimal compared to their monthly salaries, raising concerns about the risks associated with personal pension investments [5]. - The government's dual approach to pension policy aims to ensure basic living standards for retirees while encouraging higher-income individuals to plan more comprehensively for retirement, leading to discussions about fairness and inclusivity in the system [5].

Core Viewpoint - The recent policy regarding personal pensions requires a 3% individual income tax on withdrawals, which has raised questions about its implications for retirees and the distinction between basic pensions and personal pensions [1][3]. Group 1: Understanding Pensions - Basic pensions, part of the national social insurance system, are exempt from individual income tax, while personal pensions, introduced in 2022, are subject to a 3% tax upon withdrawal [1][2]. - Personal pensions allow individuals to contribute up to 12,000 yuan annually, providing a supplementary source of retirement income [1][3]. Group 2: Taxation Details - The 3% tax on personal pensions is not a new policy; it has been in effect since January 1, 2022, as part of a deferred tax incentive [3]. - Contributions to personal pensions are tax-deductible up to the annual limit, and investment gains within the account are also tax-deferred until withdrawal [3]. Group 3: Impact on Different Income Groups - The benefits of personal pensions vary by income level; higher-income individuals may find the tax structure more advantageous compared to lower-income individuals [4]. - As of November last year, over 70 million personal pension accounts have been opened, predominantly by individuals aged 30 to 40 [4].

近日，"个人养老金领取时需缴纳个税"的消息成为热议话题。有人提出疑问：为什么将来领养老金还要 缴税？其实，这是没有搞清基本养老金和个人养老金的区别。 国家税务总局北京市税务局12366纳税缴费服务热线工作人员解释称，大家退休后按月领取的基本养老 金，也就是大家所说的退休金，无需缴纳个人所得税。 人们常说的基本养老金，是指企业职工基本养老保险在参保人退休时所发放的待遇，这种保险是我国养 老保险制度的第一支柱，由职工的工作单位和职工分别缴费，每月在工资里直接扣除，退休时按月领取 养老金。 关于基本养老金，根据《中华人民共和国个人所得税法》第四条第七项的规定，按照国家统一规定发给 干部、职工的安家费、退职费、基本养老金或者退休费、离休费、离休生活补助费，免征个人所得税。 与基本养老金不同，个人养老金是2022年才开始实施的，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，是我国养老保险体系的第三支柱。个人养老金每年缴存上限为1.2万元，可按规 定享受税收优惠：缴存时，可从工资等收入中扣除，无需缴纳个人所得税；领取时，只需按照最低档 3%税率缴税。 个人养老金资金账户内资金用于购买符合规定的银行理财、储 ...

Group 1 - The core viewpoint of the article is that basic pensions received after retirement are exempt from individual income tax, while personal pensions, which are government-supported and market-operated, have specific tax benefits [1][2][3] - Basic pensions are defined as monthly payments received by retirees, which do not require individual income tax payments [1] - Personal pensions have an annual contribution limit of 12,000 yuan and allow for tax deductions from income during the contribution phase, with a tax rate of 3% applied when receiving the funds [1]

Core Viewpoint - The Ministry of Human Resources and Social Security clarified that personal pension withdrawals are subject to a 3% personal income tax, which applies to the total withdrawal amount without distinguishing between principal and investment income [3][7]. Group 1: Tax Policy on Personal Pensions - The 3% tax on personal pension withdrawals is not a new requirement, as it was established in a previous announcement by the Ministry of Finance and the State Taxation Administration on December 13, 2024 [7]. - The personal pension system in China is a tax-deferred pension model, where contributions are deducted from the tax base at the time of payment, and taxes are levied upon withdrawal [8]. - The 3% tax rate is considered low compared to the marginal tax rates of most wage earners, which helps balance tax incentives with tax burdens [8]. Group 2: Implementation of Personal Pension System - The personal pension system was initially implemented in 36 cities in November 2022 and was fully rolled out nationwide on December 15, 2024 [8]. - Starting January 1, 2024, a deferred tax policy will be applied, allowing individuals to deduct contributions up to 12,000 yuan per year from their taxable income [9]. - Investment income within personal pension accounts will not be subject to personal income tax until withdrawal, further promoting savings for retirement [9].