Enterprise annuity refers to what how to pay

Enterprise annuity refers to the government-mandated public **** pension in addition to the enterprise under the guidance of the national policy, according to their own economic strength and economic conditions to establish, for the employees of the enterprise to provide a certain degree of retirement income protection of the supplementary pension system. First, the enterprise annuity refers to what the enterprise annuity refers to the enterprise and its employees in accordance with the law to participate in the basic pension insurance on the basis of the voluntary establishment of the supplementary pension insurance system. Enterprise annuity is an important supplement to the national basic pension insurance, and is the "second pillar" of the urban workers' pension insurance system (composed of basic pension insurance, enterprise annuity and personal savings pension insurance) that is being improved in China. China's urban workers' pension insurance system, which is being improved, consists of three parts: basic pension insurance, enterprise annuities and personal savings pension insurance. In countries with modern social insurance systems, enterprise annuities have become a kind of enterprise supplementary pension plan, also known as "enterprise pension plan" or "occupational pension plan", and have become an important part of the pension insurance system of their countries. The individual income of enterprise annuities. Firstly, the personal contribution part of the enterprise annuity shall not be deducted from the individual's monthly salary and wages when calculating the individual income tax. Secondly, the part of the enterprise contributions of the enterprise annuity that is credited to the personal account: (1) the monthly payment of the enterprise contributions is regarded as one month's wages and salaries of the individual (not merged with the normal wages and salaries), and without any deduction, the personal income tax payable for the current period shall be computed in accordance with the item of "Wages and Salaries Income" and withheld and paid on behalf of the individual by the enterprise at the time of payment of contributions. The enterprise will withhold and pay the tax on behalf of the employee. Taxable amount = enterprise contribution for annuity × applicable tax rate - quick deduction (2) If the enterprise pays the enterprise contribution on a quarterly, half-yearly or annual basis, it shall not be reduced to the month to which it belongs for tax calculation, and it shall be treated as one month's salary and wages without deduction of any expenses, and individual income tax shall be withheld in accordance with the applicable tax rate. Thirdly, when the enterprise contributions of the enterprise annuity are credited to the employees' individual accounts, if the sum of the individual's wage and salary income and the enterprise contributions credited to the individual annuity account in the same month does not exceed the standard deduction for individual income tax expenses, no individual income tax will be levied. Fourthly, if the individual's monthly salary income is lower than the personal income tax deduction standard, but the sum of the enterprise contributions credited to the individual annuity account exceeds the personal income tax deduction standard, the exceeding portion shall be subject to personal income tax in accordance with the regulations. The above is the introduction of what the enterprise annuity refers to. The essence of the enterprise annuity is supplemental pension insurance, only profitable enterprises can buy, is a kind of semi-commercialized insurance only for enterprises not for individuals (part of the business for commercial insurance, part of the business for the receipt of social security pension business).