Can the enterprise annuity be taken out?

Enterprise annuity can be withdrawn under certain conditions. Workers who reach retirement age can choose to receive it in one lump sum or by stages; Workers who emigrate can withdraw it at one time; When an employee or retiree dies, the balance of his personal account of enterprise annuity can be collected in one lump sum by the designated beneficiary or legal heir; Workers who lose their ability to work due to illness or disability can also receive personal account funds in one lump sum when they retire due to illness or early retirement. However, if the employees have not reached the retirement age stipulated by the state, and there is no such situation, it is impossible to withdraw funds from the personal account of enterprise annuity in advance.

Preferential tax policies for enterprise annuities;

1. Personal contributions: When calculating taxable income, personal contributions are allowed to be deducted from wages and salaries, but the annual deduction shall not exceed 6% of wages and salaries or other proportions stipulated by the tax law;

2. Unit payment: the enterprise annuity paid by the unit for employees is not included in the taxable income of individual income tax, but the payment amount shall not exceed12% of the total salary;

3. Investment income: personal income tax will not be levied on the investment income of enterprise annuity fund for the time being;

4. Tax policy at the time of collection: enterprise annuities are collected when employees retire, and appropriate preferential tax policies are adopted in accordance with the relevant provisions of the Individual Income Tax Law. Those who usually receive enterprise annuities on a monthly basis should pay personal income tax according to the items of "income from wages and salaries". Those who receive a one-time payment may pay taxes in accordance with the "one-time income" or other relevant provisions.

To sum up, enterprise annuity can be withdrawn under certain conditions, including retirement age, emigration, death, illness retirement or early retirement. However, if you do not reach the retirement age stipulated by the state and there is no such situation, you cannot withdraw funds in advance.

Legal basis:

Enterprise annuity method

Article 24

Meet one of the following conditions, can receive an enterprise annuity:

(1) When employees reach the retirement age stipulated by the state or completely lose their ability to work, they can receive enterprise annuities from their personal accounts on a monthly basis, by stages or at one time, or they can purchase commercial endowment insurance products with all or part of the funds in their personal accounts, receive treatment according to the insurance contract and enjoy the corresponding inheritance rights;

(two) the enterprise annuity personal account funds of the people who settle abroad can be paid to me in one lump sum according to my requirements;

(three) after the death of employees or retirees, the balance of enterprise annuity personal accounts can be inherited.

Article 25

Those who do not meet one of the above conditions for receiving enterprise annuity may not withdraw funds from the personal account of enterprise annuity in advance.