| CHINESE | JAPANESE | KOREAN |
  Home         Investment Guide          News          Special Coverage          News in Retrospect          Contact Us
  Industries & Enterprises  | Tourism & Leisure  | Education & Schools  | Infrastructure & Ecology  | Life & Culture  | Authorities & Policies
 
  2018 SIP Innovative De...
微信图片_20190103145036.jpg
 
  New Year celebrations ...
微信图片_20190103163053.jpg
 
  SBT's performance tour...
微信图片_20181205104133.jpg
 
  China-Singapore Trade ...
微信图片_20181127154000.jpg
 
  The 9th CHInano
微信图片_20181115133645.jpg
 
 
Current Position: Home page > category report > Authorities & Policies
  Print page Text size:  
 


New pension insurance mode to be piloted in SIP


As a pilot area besides Shanghai and Fujian province designated under a recent joint announcement by several ministries of the country, SIP has confirmed to put a new pension insurance mode based on deferred individual income tax (IIT) payment into trial implementation over a one-year period from May 1.

The new mode will allow the insured to pay into the commercial pension insurance fund as a kind of investment with both the principal and accumulated earnings remaining IIT-free until they start to draw the pension.
According to Sun Haiyang, an executive at Chinese insurance giant CPIC, each resident in the pilot areas will have an independent account, through which they can pay for the insurance premium and possibly other investment products in the future with tax breaks.

Xinhua Daily
April 18, 2018

 
 
   
 
  FEATURED VIDEOS  
     
   
  Suzhou Industrial Park Video  
  Watch