个人养老金产品扩容 根据公告，政策实施追溯至2024年1月1日起。在缴费环节，个人向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；在投资环节，对计入个 人养老金资金账户的投资收益暂不征收个人所得税；在领取环节，个人领取的个人养老金不并 入综合所得，单独按照3%的税率计算缴纳个人所得税，其缴纳的税款计入"工资、薪金所 得"项目。根据通知，36个个人养老金先行城市和地区自本公告发布之日起统一按照本公告规 定执行。 据21世纪经济报道记者近日查询，中国理财网数据显示，截至2025年5月27日，6家理财公司 发行的个人养老金理财产品总只数达到了35只。工银理财、中银理财、建信理财、农银理财、 中邮理财和贝莱德建信理财分别发行了11只、9只、2只、7只、4只和2只。其中，有6只为混 合类产品，29只为固定收益类产品。 今日（6月24日），据"人力资源和社会保障部"消息，按照《关于在全国范围实施个人养老金 个人所得税优惠政策的公告》政策规定， 个人养老金领取时，按照领取额的3%缴纳个人所得 税，不区分本金和投资收益 。 实际上，2024年12月，两部门曾发文明确：在全国范围实 ...

文 | 银行螺丝钉 （转载请注明出处） 今天是父亲节，祝天下所有的父亲，节日快乐～ 有朋友问，如果给老人养老，那有哪些金融产品，比较适合呢？ 这些产品各自又有什么优点和缺点？ 今天就来详细介绍下。 养老三大支柱 以前文章中介绍过，养老有三大支柱。 （1）第一支柱：是基本养老保险。 也就是常说的社保养老金，大部分朋友都有。 可以帮助我们在退休之后，满足温饱等基础的需求。 企业和员工各出一部分资金，算是给员工的一种福利。 不过企业年金在我国并没有普及。 目前集中在经济发达地区、效益较好的一些行业，只有一小部分企业会有。 （3）第三支柱：也就是个人养老金。 （2）第二支柱：是企业年金。 主要是个人自己出钱去投资，为养老做准备。 这也是拉开养老待遇差距的关键了。 PS：关于养老三大支柱的详细介绍，可以点击查看文章：《 养老三大支柱，如何为我们保驾护航 》 第三支柱中，如果想要用金融产品来做养老规划，常用的有四种方式： 下面依次来介绍一下。 第一种：养老基金 • 养老基金 • 高分红基金 • 定期现金流组合 • 养老年金险 这里的养老基金，主要指的是个人养老金账户里，能够买得到的一些公募基金。 个人养老金账户，主要优势 ...

公募基金发行市场升温，本周（6月9日至15日），全市场开启募集的新基金数量达34只。面对新发行的基金和存量基金， 有投资者疑惑：新老基金，如何选呢？ 苏商银行特约研究员武泽伟分析，老基金有历史业绩和稳定策略，方便投资者认知和长期持有，适合稳健型投资者，新基 金可能通过创新策略抓住新机会，但意味着投资者面临的不确定性相对更大。 记者注意到，业内曾流传"老基金优于新基金"的说法，不过，有业内人士提醒，新老基金各有优劣势，老基金凭借长期业 绩验证和流动性优势，适合追求稳健的投资者，新基金在震荡市中可通过灵活建仓捕捉机会，但需警惕封闭期限制和基金 经理经验不足等风险。 | 新老基金情况对比(来源:公开资料整理) | | | --- | --- | | 名称 流动性 可供参考信息 ┆ 不同市场行情的情况 | | | 新基金：一般成立后有不超过3个月的 ! 没有历史业绩、: 市场行情震荡或不好时, | | | :封闭期,其间不能中购或者赎回 : 没有李报年报等 建仓的仓位更加灵活 | | | 老基金 :可根据投资安排随时申请交易 : 有历史的季报、 市场行情好的时候, | | | :中报和年报等 | 能更好把握上涨收益 ...

当"35岁失业焦虑"撞上"60岁延迟退休"，"如何体面养老"成为跨越代际的全民话题。2025年《政府工作 报告》明确"深化养老服务改革，制定促进银发经济发展的政策"，叠加九部门金融支持政策，我国养老 保障体系正从"政府托底"转向"多元共治"。中国人民银行郑州培训学院教授、研究员王勇提出，破解老 龄化难题的关键，在于构建"养老金融全生命周期服务生态"，通过金融、科技与养老服务的深度融合， 为每个人绘制可落地的养老路线图。 生态系统的核心要素解析 养老金融全生命周期综合服务生态是指围绕个人养老需求，在其整个生命历程的不同阶段，整合多元主 体力量，提供全方位、多层次、系统性的综合服务体系。这一生态涵盖养老金金融、养老服务金融和养 老产业金融三大领域，其核心要素包括基础核心要素和专业核心要素。 基础核心要素是养老金融生态的基石，主要包括参与主体、产品设计、服务模式、技术支持和监管框 架。参与主体涵盖了政府部门、金融机构、养老服务提供商和科技企业。政府部门负责政策制定与监 管，引导市场发展；金融机构提供多样化的产品与服务；养老服务提供商满足老年人的日常生活和健康 管理需求；科技企业则通过大数据、人工智能等技术，为生态提 ...

文 | 银行螺丝钉 （转载请注明出处） 明天是母亲节，提前祝天下所有的母亲，节日快乐～ 有朋友问，如果给老人养老，那有哪些金融产品，比较适合呢？ 这些产品各自又有什么优点和缺点？ 今天就来详细介绍下。 养老三大支柱 以前文章中介绍过，养老有三大支柱。 （1）第一支柱：是基本养老保险。 也就是常说的社保养老金，大部分朋友都有。 可以帮助我们在退休之后，满足温饱等基础的需求。 （2）第二支柱：是企业年金。 主要是个人自己出钱去投资，为养老做准备。 这也是拉开养老待遇差距的关键了。 企业和员工各出一部分资金，算是给员工的一种福利。 不过企业年金在我国并没有普及。 目前集中在经济发达地区、效益较好的一些行业，只有一小部分企业会有。 （3）第三支柱：也就是个人养老金。 PS：关于养老三大支柱的详细介绍，可以点击查看文章：《 养老三大支柱，如何为我们保驾护航 》 第三支柱中，如果想要用金融产品来做养老规划，常用的有四种方式： 下面依次来介绍一下。 第一种：养老基金 这里的养老基金，主要指的是个人养老金账户里，能够买得到的一些公募基金。 个人养老金账户，主要优势是，投入账户的资金可以享受税前扣除。 也就是当前不交税，到领取 ...

但另一方面，红利资产正获得养老金资金的青睐。一季度，不少红利策略基金在规模增量上位列个人养 老基金Y份额前列。此外，截至今年一季度末，红利基金总规模达2513.67亿元，较去年四季度末增加约 270亿元。 面对红利资金的"降温"，投资者有不同的看法。4月29日，上海招商银行投资经理张女士对《华夏时 报》记者表示，红利主题基金主要投资分红能力强的优质企业，同国家倡导价值投资理念相一致，更适 合投资者长期持有。前段时间，科技、机器人等板块引领股市，随着风格轮动，资金流向了确定性高的 板块，低波红利就遭到部分投资者抛售。 "目前，红利主题基金处于下跌状态，有的价值投资者根据自身风格情况和投资倾向，选择低位分批买 入。但也有投资者延续第一季度继续抛售，转向购买人工智能等科技股。"张女士称。 "五一"假期即将到来，红利主题基金如何配置？ 公募基金对红利热情"降温" 今年第一季度，公募基金对红利配置热情"降温"。兴业证券经济与金融研究院数据显示，偏股基金持有 红利低波指数和中证红利指数配置比例均小幅下降。一季度，偏股基金重仓股持有红利低波指数下降 0.62pct至4.73%，持有中证红利指数成分股仓位下降1.14pct至 ...

1. Report Industry Investment Rating No relevant content provided. 2. Core Viewpoints of the Report - The scale growth of FOF in Q1 2025 reached a high since 2022, with the new - issue scale rising to a level similar to that in Q1 2022. The number of FOF also increased, and the continuous operation scale turned positive. Bond - type FOF remained popular, and some products had significant net subscriptions. A few top - tier managers saw a substantial increase in scale, narrowing the scale gap among them [1][7]. - The China Merchants TREE Changying Plan offers a one - stop solution and service based on multi - asset allocation. The scale of the six products included in the plan increased by 19.515 billion yuan in Q1, exceeding the scale increase of all FOF in Q1 2025 [1][23]. - Most FOF achieved positive returns in Q1 2025, with a better winning rate than comparable fixed - income + or active equity products. As the position increased, the performance of FOF became more prominent, and large - scale balanced FOF generally performed strongly, often using multi - asset allocation strategies and investing in overseas bond assets [1][32]. - Top - tier managers generally attach importance to multi - asset allocation, with different investment directions. The overall characteristic of FOF in Q1 was the emphasis on mutual recognition funds and passive investment, and there was a preference for Hong Kong stock assets [1][42]. - The scale of personal pension funds increased in Q1 2025, with target - date pension funds being more popular. The scale of fixed - income + FOF and equity - type FOF increased significantly, and the 2050 series products were also favored [1]. 3. Summary According to the Directory 3.1 Scale Dimension: Scale Growth Reached a New High Since 2022 - FOF Classification: FOF funds are classified into four categories: bond - type FOF (X < 10%), fixed - income + FOF (10% <= X < 30%), balanced FOF (30% <= X < 60%), and equity - type FOF (X >= 60%) based on the post - penetration equity position. For pension target funds, classification is based on the holding period [5][7]. - Scale Review: In Q1 2025, the number of FOF increased to 511, 12 more than in Q4 2024. The new - issue scale was 14.151 billion yuan, close to that in Q1 2022. The continuous operation scale increased by 3.744 billion yuan, and the total scale increase in Q1 was 17.895 billion yuan, the highest since 2022 [7]. - New - Issue Representatives: Among fund companies, Fullgoal Fund's new - issue product, Fullgoal Yinghe Zhenxuan 3 - month Holding Period, had a new - issue scale of over 6 billion yuan. Among custodian banks, China Merchants Bank had a new - issue scale of over 8 billion yuan [9]. - Product New - Issue and Continuous Operation: Bond - type FOF remained popular, and some products had net subscriptions of over 6 billion yuan. New - issue products were mostly bond - type or fixed - income + type FOF [11]. - Fund Company Dimension: A few top - tier managers saw a significant increase in scale, mainly due to prominent new - issue scales or net subscriptions of their products. The scale gap among top - tier managers narrowed significantly [15]. 3.2 China Merchants TREE Changying Plan: Providing a One - Stop Solution and Service Based on Multi - Asset Allocation - Plan Introduction: It is a one - stop asset allocation solution jointly created by China Merchants Bank's wealth management team and public fund management institutions, featuring "good strategies, good products, and good services". It has clear return and drawdown targets for selected products [19][21]. - Product Situation: There are currently six products included in the four - tier plan. All products emphasize multi - asset allocation, and their scale increased by 19.515 billion yuan in Q1, exceeding the scale increase of all FOF in Q1 2025 [23]. - Heavy - Positioned Funds: The heavy - positioned funds of these products reflect their investment strategies. For example, Xingzheng Global Yingxin Multi - asset Allocation 3 - month Holding Period holds overseas funds for global allocation [27]. 3.3 Performance Dimension: High - performing FOF Generally Reflect the Characteristics of Multi - Asset Allocation - Market Environment: In Q1 2025, both the bond and equity markets fluctuated greatly, with the ChinaBond Composite Wealth Index falling by - 0.61% and the Wind All - A Index rising by 1.90% [32]. - FOF Performance: As the position increased, the performance of FOF became more prominent. The median return of equity - type FOF reached 2.47%, exceeding the performance of the Wind All - A Index. The winning rate of FOF was generally better than that of comparable indexes [32]. - High - performing FOF: Large - scale balanced FOF generally performed strongly, often using multi - asset allocation strategies and investing in overseas bond assets. High - performing bond - type and fixed - income + FOF generally held overseas bond assets, while high - performing equity - type FOF generally held ETFs [36][39]. 3.4 Investment Characteristics: Top - tier Managers Generally Attach Importance to Multi - Asset Allocation and Prefer Hong Kong Stock Funds and Mutual Recognition Funds - Top - tier Managers' Allocation: Top - tier managers generally attach importance to multi - asset allocation, with different investment directions. They pay attention to the allocation of QDII, mutual recognition, and commodity assets, among others [42]. - Market - wide Characteristics: In Q1 2025, FOF generally emphasized mutual recognition funds and passive investment. The average heavy - position ratio of mutual recognition funds increased significantly, and there was also a preference for commodity funds [46]. - Preference for Hong Kong Stock Assets: The heavy - position fund allocation in Q1 showed a preference for Hong Kong stock assets. Some mutual recognition funds had a heavy - position amount exceeding that of top - tier active equity funds [47]. 3.5 Personal Pension Funds: The Total Y - Share Amounted to 1.0204 Billion Yuan - Scale Change: In Q1 2025, the scale of personal pension funds was 1.0244 billion yuan, an increase of 137.7 million yuan compared to Q4 2024, maintaining a relatively high growth rate [1]. - Popular Products: Target - date pension funds were more popular, with a current scale of 607.6 million yuan. The scale of fixed - income + FOF and equity - type FOF increased significantly, and the 2050 series products were also favored [1].

Group 1 - The personal pension fund Y share has surpassed 10 billion yuan for the first time, reaching 11.39 billion yuan, with a growth of over 20% compared to the end of last year [1][2] - The number of personal pension funds has expanded to 288, indicating a steady growth in the market [2][3] - The introduction of low-cost, high-transparency tools like index funds is expected to enhance asset allocation efficiency in personal pension accounts, attracting more long-term capital into the market [1][4] Group 2 - The regulatory body has optimized the admission mechanism for index funds, allowing more broad-based indices and suitable long-term value investment indices to be included in personal pension products [3][4] - Index funds are highly compatible with the needs of pension investors, providing stable returns and lower management fees, which aligns with the core demand for "steady appreciation" of pension funds [4][5] - The inclusion of index funds is anticipated to guide more medium to long-term capital into the market, creating a virtuous cycle of "long money and long investment" [4][5]

加快养老金融数字化转型。苏州银行加强养老金融业务科技赋能，探索运用人工智能、大数据等技术， 提升数字化经营服务能力，丰富服务场景。一是优化线上服务。苏州银行打造手机银行康养颐享版，优 化操作，融入银发课堂、康养园地、预约挂号等服务，提供养老金到账个性化提示功能；自助设备新增 适老界面，上线大字版功能；开通96067"银龄通"尊老服务热线，提供银发客户专享一键呼入坐席、一 键查询养老金、自动预约回电、苏州方言服务等特色服务，助力老年客群跨越数字鸿沟。二是打造数字 化养老服务生态。苏州银行充分发挥民生服务场景优势，联通"苏医慧""苏食慧""苏工惠"等场景，向医 院、菜场等生活场景延伸便捷适老服务。如联动苏州大学附属医院、市立医院等机构推出"苏医慧"服 务，嵌入手机银行预约挂号、慢病管理等功能，累计使用量超7000万人次。 加强养老产业融资支持。苏州银行坚持为不同性质的养老企业提供金融解决方案，对接政府机构、企 业、医疗机构，开拓养老产业金融发展新模式。一是为国有养老企业提供金融支持。加强与国企养老企 业战略合作，在资产保值升值、银行融资、代发工资、社保卡、支付结算、渠道资源等方面提供全方位 服务；积极支持国资企业 ...

度个税汇算火热进行 哥最高 列明如果每年缴存12,000元 *表格中的每年最高可省税金额仅供参考,具体以税务部门计算结果为准。具体税优政策 可参照2022年11月4日财政部、税务总局发布的《关于个人养老金有关个人所得税政策 的公告》。 若您已在2024年底开通并完成缴存个人 养老金,可在计算应纳税所得额时进行 相应抵税,根据收入不同,最高可抵 5400元,享受真金白银的税收优惠! 两个专题的时 当年12月31日 当年缴费截止日 次年3月1日-6月30日 个人所得税年度汇算时间 账户资金可投资适合自己的养老基金产品,用FOF 基金拯救你的养老投资焦虑。 | 全年应纳税 所得额(元) | 边际税率 | 型年度量可 省税(元) | | --- | --- | --- | | 0-3.6万 | 3% | 360 | | 3.6-14.4万 | 10% | 1200 | | 14.4-30万 | 20% | 2400 | | 30-42万 | 25% | 3000 | | 42-66万 | 30% | 3600 | | 66-96万 | 35% | 4200 | | 96万以上 | 45% | 5400 | 老金缴存后 ...