How to check the amount of an annuity

If you have an enterprise annuity these days, you will be envied by many people, saying that your company is large and your benefits are good! Do you know what an enterprise annuity is? How much enterprise annuity do you have? What happens after retirement? What about withdrawal? If you don’t have an enterprise annuity and want to gossip about the benefits that only large companies have, you can read on. If you are hesitating whether to pay an enterprise annuity, don’t miss this article! You will understand how great the benefits of an enterprise annuity are after reading this. Okay! Without further ado, senior brother will officially start the train.

1. What is an enterprise annuity? Enterprise annuity refers to a supplementary pension insurance system independently established by enterprises and their employees on the basis of participating in basic pension insurance in accordance with the law.

The earliest enterprise annuity system originated from Western countries. Because they entered an aging society earlier than we did, in order to cope with the shortage of pensions, they adopted corporate annuities as a supplement to their pensions. We also learned from the successful experience of the West and launched the "Trial Measures for Enterprise Annuity" as early as 2004. After many years of pilot implementation, my country officially launched the "Measures for Enterprise Annuity" in 2017. As of 2020, 105,000 enterprises across the country have established enterprise annuities, with 27.17 million employees participating, accounting for approximately 3% of the total working population. So, if you own an enterprise annuity, congratulations! You have entered a good employer!

2. How to pay the enterprise annuity? Speaking of this, some friends may scratch their heads and ask: Is it really that good? ?!After deducting the enterprise annuity, you get less money! Here, let’s first take a look at how the enterprise annuity is paid? Enterprise annuity payment is divided into two parts: individual employee payment and enterprise payment. Generally speaking, the company will establish an enterprise annuity plan and set the ratio of individual employee contributions to corporate contributions. For example, personal payment: enterprise payment = 1 : 4. If Xiao Wang’s monthly salary is 10,000 yuan, and the individual pays 100 yuan in occupational annuity per month, the company will pay 400 yuan; if Xiao Wang chooses to pay 200 yuan per month, the company will pay 800 yuan. According to the "Enterprise Annuity Measures", the payment limit is also set. Otherwise, if Xiao Wang pays all his salary for such a good opportunity, the company will not be closed! Article 15 of the "Enterprise Annuity Measures" stipulates: The annual payment of enterprise annuity shall not exceed the amount of the company. 8% of the total wages of enterprise employees. The total contributions paid by the enterprise and individual employees shall not exceed 12% of the total wages of the employees of the enterprise. After we understand how to pay the enterprise annuity, we will definitely ask: Where does our money go?

3. Where does the enterprise annuity paid go? Whether it is an individual payment or a company payment, the money will flow into a A pool of funds called the “Enterprise Annuity Fund.” Enterprise annuity funds are left to professionals to invest and operate to realize the appreciation of enterprise annuity assets. When someone retires, he or she can liquidate part of his or her enterprise annuity from the fund pool. Guo Jia has successively issued two management measures for enterprise annuities: "Enterprise Annuity Fund Management Measures" and "Interim Measures for the Qualification of Enterprise Annuity Fund Management Institutions". Subsequently, he also formulated the "Enterprise Annuity Fund Management and Operation Process", "Enterprise Annuity Fund Management Operation Procedure" and "Enterprise Annuity Fund Management Measures". Fund Account Management Information System Specifications" and "Expert Review Rules for the Qualification of Enterprise Annuity Fund Management Institutions", etc. Among them, the "Enterprise Annuity Fund Management Measures" stipulates the investment scope and investment proportion of enterprise annuities:

It can be seen that the mainstream investment directions of enterprise annuities are deposits and bonds, and medium- and high-risk stocks are The investment ratio is required to not exceed 30% of the net worth. The "Enterprise Annuity Fund Management Measures" and the "Interim Measures for the Qualification of Enterprise Annuity Fund Management Institutions" have established threshold requirements and supervision mechanisms for institutions to serve as enterprise annuity managers, custodians and investors to ensure that enterprise annuities comply with the principles of trust law. Protect the rights and interests of our employees to the greatest extent. For more information, you can click on the links: "Measures for the Management of Enterprise Annuity Funds" and "Interim Measures for the Qualification Certification of Enterprise Annuity Fund Management Institutions"

4. How to withdraw enterprise annuity? How much can you get for retirement? 1. How to withdraw the enterprise annuity? Understand where the money investment goes? What we are most concerned about is how to withdraw the enterprise annuity? Generally speaking, there are only the following three situations for receiving the enterprise annuity:

1 After reaching the statutory retirement age, You can receive enterprise annuity from your personal enterprise annuity account on a monthly basis, in installments or in one lump sum;

2 After settling abroad, you can pay the enterprise annuity in one lump sum according to your request;

3 If someone dies while in service or after retirement, the balance of his or her personal enterprise annuity account can be inherited. Brother, please remind me that during the collection stage, the enterprise annuity is still invested and operated by the enterprise annuity fund, and the net value of the fund will change every month. Individuals receive corporate annuities from their accounts on a monthly basis until the funds are exhausted. It is not like the personal account pension of social security. You can continue to receive it if the account balance reaches 0.

2. How much can you get from enterprise annuity in retirement? Theoretically, how much you get depends on the account balance, the method of receiving it, and how the account appreciates during the period of receiving it. For example: Lao Wang has retired and has a personal enterprise annuity account of 360,000. Lao Wang can choose to receive 360,000 in one lump sum.

Lao Wang can also receive 3,000 yuan per month (the specific amount can be chosen by himself), calculated according to the account balance: Number of months to receive = account balance / monthly amount received = 360,000 / 3,000 yuan = 120 months. He can receive it continuously for at least 10 years. But because the enterprise annuity account has increased in value during the 10 years of receiving it, what Lao Wang actually received is far more than 10 years. Then how much money do we care about in our enterprise annuity account?

5. How to check the enterprise annuity? Speaking of how to check the balance of the personal account of the enterprise annuity? The senior brother has compiled the following 3 methods:< /p>

1. Query the official account or APP of the enterprise annuity manager. Enterprise annuity plans are generally managed by professional companies, which may be insurance companies, fund companies or asset management companies. We can log in to the official account or APP of the enterprise annuity manager. APP to check account asset balance.

2. To check the enterprise annuity on the official website, we can also log in through a personal account on the official website of the enterprise annuity management company.

Query current assets and see the latest corporate annuity account balance.

3. Enterprise annuity custodian bank APP will find a custodian bank when querying enterprise annuity. Therefore, we can also log in to the custodian bank APP or website, search for enterprise annuity, find the location and click to query the balance of the enterprise annuity account. If you can't find it after trying the above three methods, or you don't know which company your enterprise annuity management company or custodian bank is, you can consult the HR lady.

6. Is the enterprise annuity worth paying? Back to the previous article, some friends asked, is the enterprise annuity really that good? At a glance, after paying it, the salary you get becomes less. Is this enterprise annuity still worth paying? Brother, let me give you a brief analysis. Whether the enterprise annuity is worth paying, there are at least three factors to consider:

1. The ratio of enterprise payment to personal payment was mentioned before , the enterprise annuity plan will set the contribution ratio between the enterprise and the individual. Some plans provide extremely generous benefits to employees, such as the following:

We can see that the individual contribution is 2,326 yuan, and the enterprise contribution is 2,326 × 8 = 18,608 yuan, which is 8 times the individual contribution! What do you think? Think about it, if you can get the entire enterprise annuity, it will be at least 8 times your payment! Which investment can have an 8 times return rate?!

2. How long does it take to get the enterprise payment part? Some people will say: Are your 8 times reliable? Why don’t I have that much money when I leave?! Don’t worry! Sometimes you can’t get the annuity paid by the company. Because each company’s corporate annuity policy is different. Some companies will give you the annuity portion of the corporate contribution from the beginning, but more companies will set a working period. Only after you have worked for several years can you get the corresponding proportion of the corporate contribution. For example, a certain enterprise annuity plan has the following arrangement for the proportion of enterprise contributions attributed to employees:

According to the above plan, if you change jobs within 3 years of working, you can only take away part of the enterprise annuity you paid. If you work for 3-5 years, you can get the normal amount paid by the company; if you work for 5-8 years, you can get 75%; if you work for 8 years, you can get the entire company annuity. Here, I would like to remind you that according to the "Enterprise Annuity Measures", the corporate payment part of the enterprise annuity and its investment income shall be fully attributed to the individual employee for a maximum period of no more than 8 years. That is to say, if you have worked for an employer for eight years or more, the employer must transfer the enterprise annuity paid by it to your name. If you are an old employee, you must pay attention to whether you have more than 8 years of experience. If you are not sure whether you will leave your job in the future, my brother recommends that you pay the enterprise annuity first. It will work very quickly. In the blink of an eye, you will make money in 3 years. If you really plan to change jobs within a year or two, just pay the annuity. You can only take away what you paid. It is equivalent to saving a little money, which can be taken out after retirement. So is it better not to pay an annuity and invest on your own? Then we have to take a look:

3. Is it better to invest in an enterprise annuity yourself or invest it in an enterprise annuity? First of all, we Let’s take a look at the rate of return. The investment style of enterprise annuity funds is more stable. Let’s take a look at the investment return rate from 2007 to 2020:

In the very few years when there were losses, most of the return rates remained above 3%. Excluding the years just before 2007 and 2008, Due to the special impact of its establishment, the overall average annual return rate of enterprise annuities is 5.66%. Although the rate of return is not very high, the advantage is that the volatility is small, which is more suitable for retirement investment purposes. If your investment income cannot exceed 5%, or you like stable income, enterprise annuity is a good choice for you. If your past annualized returns have been high, or you pursue high returns, enterprise annuities will lock in part of your funds. At this point, have you understood everything? Brother, let me sort it out for you: It depends on you to pay one copy, and how many copies the company pays? It depends on how long you work, how much the company can give you? It depends on your expectation of return on investment? How is the investment performance? After considering the above three points comprehensively and combining it with your actual personal needs, you should know whether the enterprise annuity is suitable for you.

7. Frequently Asked Questions Finally, let me add some useful information and talk about common questions related to enterprise annuities.

1. How to pay taxes on enterprise annuities? Unlike social security pensions, enterprise annuities still have to pay taxes. This tax is not paid when you pay, but when you withdraw. So how to specifically calculate the taxes to be paid on corporate annuities? Generally speaking, we will encounter three situations: monthly payment in normal retirement, one-time payment in normal retirement, and payment abroad or death. Let’s take a look at them separately:

1 Normal retirement is paid monthly, and the monthly tax rate table is used to calculate tax. Lao Wang retired at the age of 60, with a corporate annuity balance of 360,000 yuan. He decided to withdraw 3,000 yuan per month.

Monthly tax rate table Monthly tax payment = tax payable × tax rate - quick calculation deduction = 3000 × 3% = 90 yuan Assuming an annuity balance of 360,000 yuan, one *** received it for 120 months (not considered account appreciation), the total tax paid is 10,800 yuan.

2 Normal retirement is a one-time payment, and the monthly tax rate table is used to calculate the tax. Lao Wang retired at the age of 60 and has a corporate annuity balance of 360,000. He plans to take out the corporate annuity in one lump sum. Tax = tax payable × tax rate - quick calculation deduction = 360000 × 45% - 15160 = 146840 yuan

3 If you go abroad or receive it on death, it is applicable to the comprehensive income tax rate table to calculate tax Xiao Liu plans to immigrate abroad and settle down Before leaving, I decided to settle the balance of the enterprise annuity account, which still has 360,000 yuan.

Comprehensive income tax rate table tax = tax payable × tax rate - quick calculation deduction = 360000 × 25% - 31920 = 58080 yuan. The total amount of tax paid for the above three types of taxes is 10,800, 146,800, 58,100, we can see that: after retirement, the tax burden is the lightest if you receive corporate annuity on a monthly basis; if you choose to receive it in one lump sum, the tax amount due to going abroad or death will be much lighter than that of normal retirement. So all this means: Don’t withdraw your corporate annuity in one lump sum during normal retirement, it’s very uneconomical. For more tax policy information on enterprise annuities, you can click on the link: How to calculate taxes when individuals receive enterprise annuity and occupational annuity benefits?

2. What should I do if I resign from an enterprise annuity? According to the "Enterprise Annuity Measures", resign There are two situations: If the new company you find also pays enterprise annuity, the personal account rights of the original enterprise annuity can be transferred to the enterprise annuity of the new employment unit. If your subsequent company does not have an enterprise annuity, or you are temporarily in a career gap period, your enterprise annuity account can be temporarily continued to be managed by the original management agency.

3. The difference between enterprise annuity and occupational annuity. Recently, we often hear about the three pillars of pension. The second pillar is enterprise (occupational) annuity. Some friends are curious, are enterprise annuities and occupational annuities the same thing? Brother, here is a reminder: enterprise annuities are supplementary pensions for enterprises, and occupational annuities are supplementary pensions for government agencies and institutions. There are still many of them. Differentiated. For example: Enterprise annuities are voluntary, while occupational annuities are compulsory. For enterprise annuities, the ratio of enterprise contributions and individual contributions can be set, as long as it meets the requirements of the "Enterprise Annuity Measures"; occupational annuities are generally stipulated, with enterprises paying 8% of wages and individuals paying 4% of wages. The money paid into the enterprise annuity is all paid in; the personal part of the occupational annuity is paid in. If the unit makes a full non-financial contribution, it is actually paid. If it is a full financial contribution, the accounting system is adopted, and the financial part is paid when you retire. Record the money allocated.