Wu Yan: Accelerating The Pilot Of Personal Tax Deferred Pension Insurance

"At present, the development of our country

Recently, the CPPCC National Committee member, the Chinese people's Insurance Group Limited by Share Ltd committee secretary Wu Yan, chairman of the two sessions of the proposal so expressed.

In fact, at the national financial work conference held at the beginning of this year, it was clearly pointed out that we should do a good job in the pilot of personal tax deferred pension insurance.

Wu Yan believes that speeding up the launching and promoting the pilot project can make full use of the insurance mechanism to serve the construction of the social security system for the elderly and properly cope with the aging problem in China.

Specifically, Wu Yan put forward three suggestions. First of all, it is recommended to strengthen consultation and cooperation between the Ministry of Finance and the Ministry of Finance and the relevant local governments in accordance with the requirements of Article 19 of national development [2009].

At present, the external conditions of the pilot tax deferred pension insurance are basically mature, and the preparatory work is relatively adequate. Therefore, we should start the pilot work of personal tax deferred pension insurance as early as possible.

Second, it is suggested that the national financial department should issue special documents or make timely amendments.

The personal payment portion of enterprise annuity should also be handled in accordance with this policy timely.

We should further improve the preferential tax policies for supplementary pension insurance for enterprises. Enterprises that have insured group life insurance and supplementary endowment insurance schemes should explicitly allow their premiums to be deducted as pre tax expenses for business expenses.

Finally, we should speed up the reform of the tax system of insurance industry and expand the scope of tax preference for pension insurance.

It is clear that the life insurance annuity insurance and health insurance that the insurance company will carry out for a long time will be exempted from business tax.

Adjust the marketing staff for life insurance companies.