The Classification and Calculation of Tax Rates on Tax Deferral Commercial Pension Insurance in China

doi:10.16382/j.cnki.1000-5579.2019.04.014

Abstract

Abstract:

The aging of the population in China is becoming more and more serious and the three pillars of the pension insurance system are out of balance. In order to promote the development of commercial pension insurance as the third pillar and relieve the pension pressure,China has carried out the pilot project of the deferred commercial pension insurance system. The current pilot scheme adopts the so-called "one-size-fits- all"policy. However,under our calculation,some people will not receive tax concession under such a policy. Based on the revised tax rate table of personal income tax,we classify people according to monthly income and calculate corresponding pension tax rate. We put forward some suggestions to improve the current tax deferred pension system in China. Also,the income classification can be converted into the classification of the receiving amount. Finally,the sensitivity analysis of consumer age,retirement age,personal income rate and the threshold of personal income tax are given.

Key words: personal tax deferral, pension insurance, tax concession, rating tax rate

FAN Kun, YANG Wen-ni, QIAN Lin-yi, HE Yu-xin. The Classification and Calculation of Tax Rates on Tax Deferral Commercial Pension Insurance in China[J]. Journal of East China Normal University (Philosoph, 2019, 51(4): 133-142.

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