Our Country Income Tax Deferred Endowment Insurance Feasibility Study

A tax-deferred pension insurance policy refer to the kind of policy when buyingcommercial pension insurance with personal income, contribution of personal income taxto a certain extent may be extended to the future when you receive commercial pensioninsurance, generally it is referred to as "tax deferred pension insurance”. For policyholders,a tax deferred pay is equivalent to receiving the time value of the tax, and enhancing theability to spot to buy commercial pension insurance products, dispersing part of pensionrisk, at the same time increasing the market demand for commercial pension insurance andpromoting the development of the third pillar of the pension security system.However, due to the constraints of the fiscal and taxation systems, difficult feasiblesystem designing so as to aspects, a tax-deferred pension insurance policy has yet to bedelayed to issue. In this context, this essay studies the topic of tax-deferred pensioninsurance feasibility, it is not only close to the hot topic, but also has some theoreticalresearch significance.This essay focuses on the reality of the necessity and the importance of China’simplementation of a tax-deferred pension insurance, comparative analysis of the developedcountries and regions of a tax-deferred pension insurance history to summing up thepractical experiences that China’s development of a tax-deferred pension insurance canlearn from; basing on the analysis of a tax-deferred pension insurance developmentaldisabilities, analyzing the feasibility of implementation of a tax-deferred pension insurancesystem from four aspects: the policy environment, financial and taxation systems, theimpact on the revenue as well as market potential demand,finally coming to theconclusion that our country can implement a tax-deferred pension insurance.