Can I withdraw money from my personal pension account?

You can take it out, but you can't take it out until you retire. Individual pension fund accounts are closed, and their rights and interests belong to the insured. Unless otherwise required, it cannot be withdrawn in advance, that is to say, personal pension is like a closed wealth management product, and the closed period is before the depositor retires.

To receive basic pension age, completely lose the ability to work with high salary, go abroad (border) to settle down or other eligible insured persons, after the information platform to verify the conditions for receiving, can receive a monthly, phased or one-time personal pension, the way of receiving once determined shall not be changed.

When receiving, the personal pension should be transferred from the personal pension fund account to the bank account of my social security card with a ruler. After the death of a participant, the assets in his personal pension fund account can be inherited.

Benefits of paying personal pension:

1 Enjoy tax benefits. Individual pension accounts are the basis for participating in individual pensions and enjoying tax benefits.

2 To purchase wealth management products, participants can use the paid personal pension to purchase wealth management products in qualified financial institutions or their legally entrusted sales channels, and bear the corresponding risks.

The insured person designates or opens a unique personal pension fund account for personal pension payment, income collection, payment and payment of personal income tax.

Individual endowment insurance conditions:

The scope of personal pension is employees who participate in the basic old-age insurance for urban workers or the basic old-age insurance for urban and rural residents. Those who have participated in the basic old-age insurance for urban workers or urban and rural residents and have not yet reached the conditions for receiving basic old-age insurance benefits may participate in individual pensions. Retirees have received basic old-age insurance benefits and no longer participate in personal pensions.

Compared with social security, personal pension is a supplement. After purchasing the social security foundation, you can pay the personal pension again. Of course, this kind of personal pension is not mandatory.