Research On Tax Preferential Amount Of Regional Individual Tax Deferred Commercial Endowment Insurance

With the rapid development of society and economy and the improvement of medical technology,the average life expectancy of China's population is gradually increasing,and the situation of population aging is is increasingly severe.Constructing a comprehensive multi-level social security system have become a social consensus,and is conducive to cope with the adverse effects of aging.Since the reform and opening-up policy in1978,the "three pillars" and multi-level pension security system are gradually taking shape after years of reform in China.The first-level the first-level basic pension insurance system has realized from scratch,from small to large,and has now become the social insurance system with the largest number of people in the world.After more than ten years of development,the second-level enterprise annuity is in a continuous improvement stage.The third level of commercial endowment insurance is relatively lagging behind.We should also see that there are imbalances in the development of the three levels in China's endowment security system,which are specifically reflected in the rapid development of the first level.The government has assumed almost all of the responsibility for the endowment,and the replacement rate of the basic endowment insurance has declined in recent years.Commercial endowment insurance has great development potential.It is not only an important component of the endowment security system,but also an effective way to relieve the pressure of basic endowment insurance payments and provide sufficient sources of economic living for retirees.According to international experience,the tax-deferred commercial endowment insurance means that personal tax is used to covering a commercial endowment insurance.To a certain extent,income tax of people can be postponed to the moment when receiving commercial endowment insurance in the future.As for the insured,the deferred payment of individual tax is equivalent to the time value of the tax,which enhances the ability to purchase commercial endowment insurance products on the spot and diversifies some of the pension risks.This combination of commercial endowment insurance and preferential policies is an inevitable choice to increase the market demand for commercial endowment insurance and promote the development of the third level of commercial endowment insurance.Chapter 1 is introduction.It first sorts out the research background and significance,and points out the theoretical and practical significance of the development of a tax-deferred commercial endowment insurance under the realistic background and policy background of the aging population,and the current state of the old-age security system.Secondly,it summarizes the main research contents and research methods of this paper,determines the research ideas,and finally clarifies the innovation points and deficiencies of the full text.Chapter 2 illustrates the development of individual tax deferred commercial endowment insurance at home and abroad.This chapter summarizes the mature cases of individual tax deferred commercial endowment insurance in some developed countries and the preliminary practice analysis of individual deferred commercial endowment insurance in Tianjin and Shanghai,and concludes that China can draw lessons from the development of individual deferred commercial endowment insurance.The useful experience cited and the links and issues that should be paid attention to,make the implementation of this insurance type can effectively reduce the tax burden of policyholders,stimulate the public's enthusiasm for insurance to the greatest extent,and enable the people of our country to obtain more adequate pension protection.Chapter 3 makes an empirical analysis of individual tax deferred commercial endowment insurance.Based on the relevant socio-economic data of China in 2018,this paper establishes a tax deferred commercial pension insurance replacement rate model to quantitatively analyze the tax deferred type under different assumptions such as the average social wage growth rate and commercial insurance investment return The impact of commercial endowment insurance on the individual income of insured persons of different genders and different insured ages,that is,the tax concessions that the citizens can actually enjoy.Based on the foregoing analysis,the author tries to put forward corresponding countermeasures and suggestions: accelerate the pilot of this insurance type in China;formulate policies and regulations that are in line with national conditions;design a reasonable and fair tax incentive plan based on the actual situation;appropriately increase tax incentives;and appropriately provide direct economic subsidies to lower income groups;and implement the differentiated preferential tax deferred commercial endowment insurance policies will be realized.