Can I cancel my personal pension account after it is opened?

Individual pension accounts can be cancelled after opening.

Personal pension account cancellation needs to pay attention to the following matters:

1. Personal pension account cancellation requires relevant supporting materials, such as identity certificate and bank card;

2. Before the cancellation of the individual pension account, it is necessary to confirm that the cancellation conditions have been met, such as retirement or emigration;

3. After the cancellation of the individual pension account, the paid pension funds will not be returned and need to be handled according to local regulations;

4. Before cancellation, you need to consult local social security agencies or banks and other relevant departments to understand the specific process and precautions for cancellation of individual pension accounts.

The cancellation process of individual pension account is as follows:

1. Preparation materials: the applicant needs to prepare relevant supporting materials, such as identity certificate, bank card, etc.

2. Consult the local social security agency: the applicant needs to consult the local social security agency about the specific procedures and precautions for canceling the personal pension account;

3. Fill in the application form for account cancellation: the applicant needs to fill in the application form for account cancellation of personal pension account, which can be obtained from social security institutions or banks;

4. Submit application materials: the applicant needs to submit the completed cancellation application form and relevant certification materials to the social security agency or the bank and other relevant departments;

5. Waiting for review: social security agencies or banks and other relevant departments review the application materials, and after the review is passed, individual pension accounts can be cancelled;

6. Obtain relevant certification documents: After successful cancellation, the applicant needs to obtain the cancellation certification documents from social security institutions or banks and other relevant departments.

To sum up, the specific process of individual pension account cancellation may be different due to different regions and situations. Applicants need to carefully understand the local regulations and requirements before the operation, and prepare relevant certification materials in advance to avoid delaying time. At the same time, when submitting the application, the applicant needs to ensure that the materials provided are true and accurate, so as not to affect the cancellation result.

Legal basis:

Article 15 of the Social Insurance Law of People's Republic of China (PRC)

The 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.

Article 16

Individuals who participate in the basic old-age insurance will receive the basic old-age pension on a monthly basis if they have paid a total of fifteen years when they reach 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.