Research On The Tax Deferred Pension Insurance Policy In China

In China,the degree of population aging is increasing.According to the “2017-2022 China Population Ageing Market Research and Development Trend Research Report” published by Zhiyan Consulting,the population aged 65 and over reached 222 million in 2015,accounting for the total.The population is 16.15%;it is estimated that by 2020,the elderly population will reach 248 million,and the aging level will reach 17.17%.At the same time,with the gradual increase in aging,pensions face a serious funding gap.The existing pension system consists of three pillars.The first pillar is basic pension insurance,which can only provide residents with the most basic living security.The support capacity of the second pillar is limited to the supplementary pension insurance paid by the subsidized enterprises to the employees;although the third pillar of commercial pension insurance originated in China,the residents' self-reliance is shallow and the development is particularly slow.Therefore,the Ministry of Finance and the Ministry of Taxation and other five departments jointly issued the fiscal and taxation [2018] No.22 "Notice on the pilot of individual tax deferred commercial pension insurance." Tax deferred pension insurance officially launched pilot activities through tax incentives.This paper uses the literature research method,theoretical analysis method and quantitative analysis method,based on the current policy of personal tax deferred commercial endowment insurance,from policy background,policy theory,policy introduction and policy analysis,and finally to policy recommendations as research path.Focus on the impact of policies on government costs and personal income.Government costs are measured by establishing a tax expenditure model,and personal income is measured by a substitution rate model.Finally,the results of the measured policy effects are combined with the international experience and the current problems of the tax deferred commercial endowment insurance policy implemented in China,and some suggestions for perfecting the individual tax deferred commercial insurance policy are put forward.The full text consists of five parts,the first chapter,the introduction.It briefly explains the research background and significance of the thesis,the main research status at home and abroad,as well as the research ideas,main contents,innovations and inadequacies of the thesis;Chapter 2,general analysis.The first is the definition of the basic concept,mainly introduces the basic meaning,characteristics and main taxation modes of personal tax deferred commercial endowment insurance;the second is to introduce the three theoretical foundations of personal tax deferred commercial endowment insurance policy;The introduction of the extended-type commercial endowment insurance policy introduces the development process of a tax-deferred commercial endowment insurance policy;Chapter 3,Effect Analysis.The quantitative analysis of the effect is based on the data of Shanghai,using the theory of insurance actuarial theory,the theory of insurance actuarial science,the knowledge of economics and the principle of taxation to design the model,citing the substitution rate model and the tax expenditure model,and analyzing the tax deferral type.The impact of commercial pension insurance policies on personal income and government costs;Chapter 4,summarization and reference of international experience.It mainly refers to the policies of individual tax deferred commercial endowment insurance in typical developed countries,sums up the commonalities and laws of individual tax deferred commercial endowment insurance policies in various countries,and provides international experience for perfecting individual tax deferred commercial endowment insurance policies in China.Reference;Chapter 5,policy recommendations.Based on the analysis of the effect of China's personal tax deferred commercial endowment insurance policy,combined with the actual national conditions,it puts forward some suggestions for perfecting China's personal tax deferred commercial endowment insurance policy.