Research On The Problems In The Development Of Individual Tax Deferred Endowment Insurance And Countermeasure To Promote Its Development

Since the reform and opening up,China's economic development has made remarkable achievements.With the continuous improvement of China's economic and medical level,the life expectancy of residents is increasing,the proportion of the elderly population in the total population is increasing,and the aging problem in China is becoming increasingly serious.China should constantly improve the "three pillar system" of social pension security,and establish multiple pension security systems,so as to provide an effective solution for China's social pension.In China's social pension practice,basic pension insurance plays a leading role.With the development of economy and society,it is increasingly unable to meet people's pension needs.At the same time,the coverage of enterprise annuity in China's enterprises is not wide,and it is difficult to supplement the basic pension insurance of the first pillar.Therefore,it is of great significance to develop the individual income tax deferred pension insurance of the third pillar.This paper focuses on the analysis of relevant characteristics and taxation mode of individual tax deferred endowment insurance,and evaluates the effect of one-year pilot in three pilot areas of Shanghai,Suzhou Industrial Park and Fujian Province since May2018.It is found that there is a lack of tax preference in China's individual tax deferred endowment insurance,which fails to refine the design of different groups of people,with complex operation process and lack of sales personnel Lack of enthusiasm for sales and other issues,its development and policy-making expectations have a big gap.Based on the analysis of the domestic pilot effect,this paper introduces the specific situation of American IRA plan,and provides experience for the development of China's individual income tax deferred endowment insurance.In order to develop our country's personal tax deferred endowment insurance well,we need to improve the relevant laws and regulations of our country's personal tax deferred endowment insurance,increase the tax preference,optimize the system design,simplify the operation process,enrich the product types and improve the enthusiasm of the sales staff,so that this kind of products can really alleviate the pressure of our country's pension and achieve the expected effect of policy making.