Basic endowment insurance for urban workers after 90 s and 00 s

It is very necessary for the group with higher income after 90 s and 00 s to buy personal pension.

There are four main reasons:

First, enjoy personal income tax concessions.

At present, many post-90 s and post-00 s income levels are still very high, and they need to pay personal income tax. Personal pension system is a tax deferred pension system. If you participate, you don't have to pay personal income tax on the income from paying personal pension. Of course, when it is levied in the future, it is necessary to pay personal income tax, and the specific tax rate should be determined according to the income level at that time.

For example, the maximum annual payment 12000 yuan. If the personal income tax rate is 20%, at least 2400 yuan of personal income tax can be saved. This share of money can also form investment income. If the income level is low in the future, it may only be taxed at 3%.

Second, effectively control personal unrestrained consumption.

Personal pension system is the closed management of personal accounts, and it can't be withdrawn at will except the prescribed conditions. According to the current information, it is mainly to reach the age of receiving pension, completely lose the ability to work, or go abroad to settle down.

In real life, many people save money, but not much. It is mainly saved and spent for various reasons. However, after the personal pension is paid, it can only be used for future pension, which is really good for yourself.

China people have a strong sense of taking precautions, and I believe many people will still choose to do so.

Third, enjoy higher investment income.

Now we put our money in the bank, and the deposit interest rate is getting lower and lower. At present, many banks have reduced the interest rate of three-year certificates of deposit to 2.9%. Our personal investment and wealth management rarely see wealth management products with a yield of more than 5%.

However, at the end of last year, the state began to promote banks to issue wealth management products specifically for the elderly, and the benchmark interest rate for performance comparison actually reached 5% to 8%. At present, the sales scale has reached 260 billion.

Fourth, the level of social security pension benefits should be reduced.

Endowment insurance has three pillars. In the past, most people relied on the first pillar, social security pension. However, at present, the pension level of the first pillar has reached more than 3,000 yuan, which is a relatively high level. After all, according to the purpose of social income redistribution, the first pillar will be to protect the basics of society, and the income will become more and more average. The slow adjustment of pension insurance benefits in recent years also shows that the treatment level of the first pillar will not increase rapidly.

In order to reflect the gap in future pension benefits, the most important thing is to rely on enterprise annuity or occupational annuity and personal pension. If we don't recognize this reality, the future pension benefits will really not be too high.

The post-90s and post-00s personal accounts are composed of individual contributions and unit co-ordination. Because they are newcomers to pay pension insurance. When retiring, only personal account pensions and grassroots pensions participate in the examination and approval. They are not from China. China people have a transitional pension that is regarded as payment, and they do not count as working years after the implementation of social insurance.

The above is the relevant knowledge about the relevant laws and regulations of endowment insurance for you in detail. I believe that through the above introduction, everyone should understand the relevant laws and regulations of endowment insurance.

Legal basis: People's Republic of China (PRC) Social Insurance Law.

Tenth employees should participate in the basic old-age insurance, and employers and employees should pay the basic old-age insurance premium.

Individual industrial and commercial households without employees, part-time employees who have not participated in the basic old-age insurance in the employer and other flexible employees can participate in the basic old-age insurance, and individuals pay the basic old-age insurance premium.

The measures for the endowment insurance of civil servants and staff managed by reference to the Civil Service Law shall be formulated by the State Council.

Eleventh basic old-age insurance to implement the combination of social pooling and individual accounts.

The basic old-age insurance fund consists of employers, individual contributions and government subsidies.

Article 12 The employing unit shall pay the basic old-age insurance premium according to the proportion of the total wages of employees stipulated by the state and record it in the basic old-age insurance pooling fund.

Employees shall pay the basic old-age insurance premium in accordance with the proportion of wages stipulated by the state and record it in their personal accounts.

Individual industrial and commercial households without employees, part-time employees who have not participated in the basic old-age insurance in the employing unit and other flexible employees who have participated in the basic old-age insurance shall pay the basic old-age insurance premiums in accordance with state regulations and record them in the basic old-age insurance pooling fund and individual accounts respectively.

Thirteenth employees of state-owned enterprises and institutions to participate in the basic old-age insurance, the basic old-age insurance premiums payable during the payment period shall be borne by the government.

When the basic old-age insurance fund is insufficient to pay, the government gives subsidies.

Article 14 Individual accounts shall not be withdrawn in advance, and the bookkeeping interest rate shall not be lower than the bank time deposit interest rate, and interest tax shall be exempted. If an individual dies, the balance of the individual account can be inherited.

Fifteenth basic pension consists of overall pension and individual account pension.

The basic pension is determined according to factors such as individual cumulative payment years, payment wages, average salary of local employees, personal account amount, average life expectancy of urban population, etc.

Sixteenth individuals who participate in the basic old-age insurance will receive the basic old-age pension on a monthly basis if they have paid for fifteen years at the statutory retirement age.

Individuals who participate in the basic old-age insurance and pay less than fifteen years when they reach the statutory retirement age can pay for fifteen years and receive the basic pension on a monthly basis; Can also be transferred to the new rural social endowment insurance or urban residents' social endowment insurance, enjoy the corresponding pension insurance benefits in accordance with the provisions of the State Council.

Seventeenth individuals who participate in the basic old-age insurance, due to illness or non-work-related death, their survivors can receive funeral grants and pensions; Persons who have completely lost their ability to work due to illness or non-work-related disability before reaching the statutory retirement age can receive disability allowance. The required funds are paid from the basic old-age insurance fund.

Article 18 The state establishes a normal adjustment mechanism for basic pensions. According to the average wage increase and price increase of employees, the basic old-age insurance treatment level will be improved in a timely manner.

Nineteenth individuals across the overall regional employment, the basic old-age insurance relationship with my transfer, the cumulative payment period. When an individual reaches the statutory retirement age, the basic pension is calculated in stages and distributed uniformly. Specific measures shall be formulated by the State Council.

Article 20 The state establishes and improves a new rural social endowment insurance system.