The specific old-age savings pilot was officially launched to meet diversified old-age needs
2022-11-22
The specific old-age savings pilot was officially launched. On November 20, Industrial and Commercial Bank of China took the lead in issuing specific pension savings products in five cities, namely Guangzhou, Qingdao, Hefei, Xi'an and Chengdu. Next, Agricultural Bank of China, Bank of China and China Construction Bank will also successively launch specific pension savings products. The purpose of carrying out the specific old-age savings pilot project is to implement the decision and deployment of the CPC Central Committee and the State Council on standardizing the development of the third pillar of old-age insurance, further enrich the supply of old-age financial products, and meet the diverse needs of the people for the elderly. In July this year, the CBRC and the People's Bank of China jointly issued the Notice on Carrying out the Pilot Work of Specific Pension Savings, which specified that four large banks, namely, industrial, agricultural, Chinese and construction banks, would carry out the pilot work of specific pension savings in five cities, including Hefei, Guangzhou, Chengdu, Xi'an and Qingdao. The pilot scale of a single bank should not exceed 10 billion yuan. Compared with other pension financial products, what are the differences between specific pension savings products? "Certain pension savings products are 'deposits', while pension finance, funds, insurance and other products are' investments'." Lou Feipeng, a researcher at Postal Savings Bank of China, said that deposits are protected by deposit insurance, which is more suitable for groups with low demand for pension reserves and risk appetite, as well as for groups approaching retirement. "Rich variety, long term and high interest rate are the three outstanding characteristics of specific pension savings products." Dong Ximiao, chief researcher of Zhaolian Finance, said that there are three types of specific pension savings products, namely, lump sum deposit and withdrawal, fractional deposit and withdrawal, and fractional deposit and withdrawal; There are four product terms, namely 5 years, 10 years, 15 years and 20 years; The product interest rate is slightly higher than the listing interest rate of 5-year fixed deposits of large banks. "There are also two characteristics of specific pension savings products included in individual pension fund accounts." Lou Feipeng said, first, before reaching the pension conditions, due to the closed operation of the personal pension fund account, the principal and interest of the expired specific pension savings products can be reinvested; Second, you can enjoy tax deferral preference, that is, you can deduct before paying individual income tax and pay individual income tax when you receive it. Who can buy it? "At the age of 35 or above, you can purchase specific pension savings products of ICBC, and at the age of 55, you can purchase whole deposit and zero withdrawal products." The relevant person in charge of Guangzhou Branch of Industrial and Commercial Bank of China gave an example, if you are 56 years old this year, you can buy full term products; If you are 47 years old, you can buy products with a term of 20, 15 or 10 years; If you are 36 years old, you can only buy products with a 20 year term; If you are 34 years old, it is not enough for you to buy. You have to wait another year. According to the regulatory provisions, the upper limit of the deposit principal of depositors in a single pilot bank for specific pension savings products is 500000 yuan. "At the time of deposit, the customer can hold the ID card issued by the pilot area and handle it at the counter of the business outlet." The relevant person in charge of ICBC said that customers can handle inquiries, withdrawals, account cancellation, small deposit, lump sum withdrawal and renewal through outlets counters, smart terminals, online banking, mobile banking and other channels. It is worth noting that the pilot banks have also optimized the interest rate level and the possibility of early withdrawal in order to effectively practice financial benefits for the people. "No matter how much money customers deposit, they can enjoy
Edit:wangwenting Responsible editor:xiaomai
Source:xinhuanet
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