Research On The Development Of Tax Deferred Pension Insurance In China

With the development of our social economy and the improvement of medical level, the average life expectancy of the population gradually extend in our country, the number of elderly population is increasing dramatically.Age before it gets rich has become a prominent feature of aging society in our country. In addition, at present our country has built a multilevel old-age security system. First pillar, the national basic endowment insurance, is dominated by the government, wide coverage, but low degree of protection; The second pillar-enterprise complement endowment insurance, the coverage is small,large differences between regions and industry. The third pillar-slow development of individual deposit endowment insurance. "Three pillars" basic old-age security system presents "a pillar alone big, two small and weak".This makes the existing old-age security system in our country currently doesn’t provide a full range of old-age security for elderly residents, while developed countries have long used preferential tax policies to encourage individuals to buy endowment insurance. But our country’s enterprise annuity and compensatory endowment insurance basic cannot enjoy preferential tax. Through study the 401k plans and the successful experience of Germany two endowment insurance and combined with China’s national conditions, timely development tax deferred type of endowment insurance in our country. On the one hand,it can perfect our first old-age security system; On the other hand, it can ease the government’s pension burden, maintaining social harmony and stability.This article is divided into six chapters, the first chapter introduction part elaborated the research background and significance, domestic and foreign literature review, research methods and content, innovations and deficiency, etc. The second chapter discusses the basic theory of endowment insurance system in our country and the concept of endowment insurance and tax deferred type, and the differences and relations with other endowment insurance. The third chapter introduce the implementation of tax deferred type meaning of endowment insurance in China. The fourth chapter discusses the development experience of foreign endowment insurance and for reference in our country, mainly introduced the 401 k plans and two endowment insurance reform in Germany. The fifth chapter elaborated our country tax deferred type of endowment insurance pilot situation and possible problems in the process of pilot, mainly introduced the tianjin binhai new area and the Shanghai pilot policies and pilot situation analysis, from the analysis may exist in the process of adopting the pilot imperfect laws and regulations, the Matthew effect, fair, reasonable system design will be difficult and lacking the ability to tax collection and administration, etc. And the sixth chapter according to the problem on the process of promoting endowment insurance tax deferred of our country and combining the successful experience of developed countries, targeted put forward to develop suit the situation of tax deferred risks related laws and regulations, in view of the economic subsidies for low-income groups directly, as fair as possible tax scheme design, strengthen the tax deferred endowment insurance regulation and supervision countermeasures.