How to calculate the interest-bearing time of personal account of endowment insurance

How to calculate the interest-bearing time of personal account of endowment insurance

The interest-bearing time of individual accounts of endowment insurance usually varies according to the regulations of countries and regions. Generally speaking, the interest-bearing time of individual accounts of endowment insurance starts from 1 month 1 day every year and ends on1February 3/day of the current year. At the end of each interest-bearing year, the personal account is calculated and the interest is included in the personal account.

The specific interest-bearing methods and interest rates will also vary from country to country. Generally speaking, the personal account interest rate of endowment insurance will be adjusted according to the market interest rate to ensure the preservation and appreciation of endowment insurance funds. When calculating the pension, the payment base and proportion are required.

1. payment base:

The payment base refers to the salary base for individuals to pay endowment insurance. Generally speaking, the payment base is determined according to the individual's salary income. If the personal wage income is lower than the local social average wage, the payment base shall be determined according to 60% of the social average wage; If the personal wage income is higher than the local social average wage, the payment base shall be determined according to 300% of the social average wage.

1. Payment proportion:

Payment ratio refers to the proportion of individual contributions to endowment insurance. Generally speaking, the proportion of payment is determined according to the individual's wage income and the local average wage. If the personal wage income is lower than the local average wage, the proportion of payment shall be determined according to 60% of the local average wage; If the personal wage income is higher than the local average wage, the proportion of payment shall be determined according to 300% of the local average wage.

It should be noted that due to different regions and policies, the specific payment base and proportion may be different. Therefore, when calculating the pension, it is necessary to refer to local policies and regulations to determine the specific payment base and proportion.

In addition, besides the base and proportion of payment, there are also factors that affect the level of pension, such as the payment period, the balance of personal account and the average salary of local society. Generally speaking, the longer the payment period, the more personal account balance, the higher the average wage of local society and the higher the pension level. Therefore, when paying the old-age insurance premium, we should try our best to raise our own payment base and pay the old-age insurance premium as long as possible to ensure that we can receive enough pension in the future.

To sum up:

The interest-bearing time of individual accounts of endowment insurance usually starts from 1 month 1 day every year and ends on1February 3/day of that year. The specific interest calculation method and interest rate will be different in different countries and regions, and it needs to be inquired according to local regulations.

Legal basis:

"People's Republic of China (PRC) Social Insurance Law" stipulates that social insurance agencies shall regularly announce their participation in social insurance and the income and expenditure, balance and income of social insurance funds. Therefore, the interest-bearing time and method of individual accounts of endowment insurance need to be published and implemented in accordance with national and regional regulations.