How much is personal social security appropriate?

There are three main provisions on the amount of personal pension deduction, as follows:

1 annual payment 12000 yuan is deducted before tax. The nature of this pre-tax deduction is actually similar to that of the special additional deduction. It means that as long as the insured participates in the personal pension, they can make a special deduction in the annual personal income tax, and the maximum deduction amount is 12000 yuan/person/year.

The funds in the personal pension fund account can be used to purchase personal pension products, savings deposits, wealth management products, commercial pension insurance, Public Offering of Fund, etc. The money earned belongs to investment income, and there is no need to pay investment income tax.

Personal income tax shall be paid at the rate of 3% when the personal pension reaches retirement age to receive funds. This tax rate is already very favorable on the basis of the normal tax rate.

Generally speaking, participating in the personal pension system can improve the protection of personal pension on the one hand, and enjoy the preferential tax policies of the state on the other hand, which is beneficial to users.