Enterprise Annuity Survey: Most companies never consider buying

Reporters have said that if the enterprise annuity can not be reasonable "care", can not preserve and increase value, then the form of a fictitious. Gao Wen Private Enterprises: No consideration to buy Enterprise Annuity equity incentive more to the waves is a private IT company's boss, the company has been established for two years, the flow of people constantly let him hurt his brain: "for private enterprises, welfare is not good for state-owned enterprises; "The waves have also wanted to increase welfare for employees, stabilize the core staff."　　However, he found that the tools available were very limited. Take the enterprise annuity to say, the enterprise gives the employee to buy the enterprise annuity later the payment part still must and the salary merges the tax, and the enterprise annuity once buys, the employee must be able to obtain after many years, then might as well discover the gold. "The waves told the first financial daily newspaper," The financial business reporter, "The state of the purchase of enterprise annuity has a certain tax deduction policy." But for us to start the stage of enterprise, the wages of employees are not high, even if the amount of enterprise annuity payment is not much. For the core team, the use of equity incentives is more useful. Enterprise Annuity is a supplementary endowment insurance system voluntarily established by enterprises and their employees on the basis of taking part in the basic endowment insurance according to law. In fact, the original intention of the enterprise annuity is as the supplement of the basic Endowment insurance, to make up the part of the basic Endowment insurance.　　The main sources of pension for employees in the future include three parts, including basic Endowment insurance, Enterprise annuity and personal saving endowment insurance.　　Unlike the basic endowment insurance, the enterprise annuity is not the state compulsory payment, and the enterprise decides whether to pay and how much. However, the enthusiasm of enterprises to establish enterprise annuity is very limited.　　Reporter survey found that the current purchase of enterprise annuity enterprise mainly state-owned enterprises and a small number of large foreign-funded enterprises. "China currently has a total of more than 30,000 enterprises to establish enterprise annuity, although the number of 80% is small and medium-sized enterprises, but in terms of capital, central and state enterprises occupy an absolute advantage."　　Mr. LV, the head of China's ICBC's pension business, told reporters. Enterprise annuity can be exempted from enterprise income tax within the stipulated scope HR Lele, a large state-owned company, told reporters: "As SOEs, we do not pay a lot of employees, but the income stability, welfare is full of state-owned enterprises attract staff tools." such as Enterprise annuity, not mandatory payment by the state, are generally state-owned enterprises will pay employees, the private enterprise rarely paid, on the one hand, the staff mobility, resulting in few enterprises for the staff to develop long-term pension security plan, in China's pension basic or by the individual and family planning.　　Lele told reporters that the purchase of enterprise annuity can be deducted in the enterprise cost, do not pay enterprise income tax. "Notice of the Ministry of Finance and the State administration of taxation on the issue of enterprise income Tax policy concerning supplementary endowment insurance premiums" (finance and Taxation [2009]27) stipulates that, since January 1, 2008, enterprises in accordance with the relevant State policies, for employees in the enterprise or employed by all staff to paySupplementary Endowment insurance premiums, supplementary medical insurance premiums, respectively, in the part of no more than 5% of the employee's gross salary, are allowed to be deducted in the calculation of taxable income; So Lele is located in the enterprise, with sufficient 5% of the amount, these costs are part of the staff to pay their own, part of the enterprise to pay.　　Among them, the employee pays 1%, the enterprise pays 4%.　　The reporter learned that employees and employers share the burden of payment obligations, usually 1:1, also 1:4 or 1:5, depending on the business situation.　　The main way for workers to receive an enterprise annuity is to receive it after retirement. "In addition to normal retirement, death and settlement abroad can also receive an enterprise annuity." Enterprise annuity can be inherited, but also because of the transformation of the unit, the most important thing is that people who settle abroad can withdraw their own enterprise annuity early. Industrial and Commercial Bank of China, Guizhou Branch marketing department Zhang said, according to the relevant provisions, the personnel who meet the requirements can be from my enterprise annuity personal account storage amount one-time receive or regular enterprise annuity.　　Select a regular receipt, the monthly standard for the total amount of personal accounts divided by 120 months, while the amount of personal account storage to enjoy the fund investment income, until the personal account is completed. Why the Enterprise annuity is "left out" Gao Wen Lin Jianrong Few people think: employers should help employees to plan a number of years after the pension matters.　　The reality is that it is hard to live a happy retirement simply by relying on basic pensions. Enterprise Annuity is a supplementary endowment tool commonly used abroad. However, in China, the number of enterprises to buy enterprise annuity is still small, enterprise annuity scale growth is slow.　　To investigate the root cause is the lack of tax preference for the enterprise annuity and the poor investment income of the enterprise annuity.　　The scale of growth is much lower than expected. Many companies have found that few companies consider buying corporate annuities for their employees, and the growth of corporate pensions has been lower than expected.　　According to the reporter statistics, 2006 to 2009 Enterprise Annuity maintained a year of 40 billion yuan to 60 billion yuan growth, but 2010 only increased by 27.6 billion yuan.　　The Financial Times reported that at the end of 2010, the total assets of the Enterprise Annuity Fund amounted to about 300 billion yuan, which is far from the expected scale of the annuity in the industry exceeded 1 trillion. "The purchase of enterprise annuity are large central enterprises, this part of customer resources, a few years ago almost been dug up, almost no increase in recent years, are eating the original old."　　"A large enterprise annuity management Agency, the division told reporters. Central University of Finance and Economics Dean Shanyin Sue told reporters: "This is related to the enterprise environment, many entrepreneurial enterprises, even the steady income of employees have not been resolved, SME financing is not very smooth, more will not have the power to buy enterprise annuity." However, some experts believe that with the birth of small and medium-sized plates and gem, the domestic listed companies accounted for the proportion of enterprises in the increasing, the size and strength of enterprises benefited from the significant increase in the capital market.　Therefore, there will be more and more enterprises with the strength to establish enterprise annuity thereafter.　In addition to some high welfare state-owned enterprises, the enthusiasm of most companies to establish enterprise annuity system is not fully mobilized.　　One of the important reasons is that although the payment of enterprise annuity less than 5% of the total wages of enterprises can be deducted from the cost of the enterprise, but for the personal contribution of employees there is no tax concessions.　　According to the relevant provisions, although the annuity does not pay enterprise income tax, in the payment is to pay the personal income tax, and by the enterprise on behalf of withholding, and personal payment should be combined with the monthly payroll tax.　　According to the state tax letter 93rd--on the enterprise wages and salaries staff benefits deduction for the title of the relevant provisions, enterprises for employees to buy commercial supplementary insurance, all need to pay income income according to the wages of employees. Zheng Bingwen, Director of the World Social Security Research Center of the Chinese Academy of Social Sciences, 22nd, said that even if the current unified enterprise part of the tax advantage ratio, but the individual employees of the tax benefits policy has not been introduced.　　Enterprise Annuity system can not meet the needs of large and medium-sized enterprises, fund size is difficult to be rapidly expanded.　　At the beginning of the development of Enterprise annuity, the insurance company expects to accompany the tax policy support, the enterprise annuity and the Endowment insurance business will develop rapidly, have set up endowment insurance companies, many company individual tax extension Type Endowment product have already demonstrated many times, behold enterprise annuity individual payment part and Shanghai individual tax extension Type Endowment insurance policy tax preferential policy many years dystocia.　　In addition, Yangfan, general manager of Taiping Endowment Insurance Co., said in a media interview that one of the main reasons hindering the development of enterprise annuity in China is that excessive competition leads to a limited development of the single subject scale.　　In his opinion, under the current rate level, if the entrusted management assets, investment management assets balanced development, the two management assets of the total size of 60 billion yuan, pension insurance company annuity business is expected to achieve break-even.　　Questioned annuity investment income of course, in the basic endowment insurance can not meet the needs of the elderly, enterprises for employees to establish enterprise annuity is certainly a good choice of welfare. However, Enterprise annuity is a part of the profits of enterprises, to the professional institutions to take care of, the purpose is to hope that the money can maintain value and increase, to meet the needs of staff pension.　　But if these as the future staff pension funds can not be properly cared for, not to achieve the purpose of preserving and adding value, then the enterprise pension system is also a fake.　　An insurance industry analyst thinks, the investment income difference is the key problem which restricts the enterprise annuity development. Since 2011, the vast majority of corporate annuity accounts have been at a loss. The reason is the double fall of the A-share market and the bond market.　　The teacher told the reporter. Due to lack of data, it is difficult for reporters to find the investment income of each annuity account.　　China Ping An overall investment yield of 4.3%, slightly above the 3-year term deposit rate, and July CPI gain of 6.5%, according to a semi-annual report released by Ping an in 2011. Some people in the industry believe that in the short term due to stock market volatility, in some years, the enterprise annuity also unavoidably income poor. But in the long run, due to the enterprise annuityLong term investment, more suitable for the management of insurance companies. "In the fund company is good at the stock investment different, the insurance company's investment variety takes the creditor's rights, the agreement deposit and so on mainly, from the investment time more matches."　　An insider told reporters.　　However, the short-term operation in the investment of enterprise annuity still exists. "The enterprise annuity is supposed to be a long-term investment and it should be able to beat the price rise from long-term earnings," he said. However, due to the enterprise annuity is a 2-3-year short-term contract, it will inevitably have short-term operation.　　The teacher told the reporter.　　The reporter understands that each enterprise annuity account specific target rate of return, also should be negotiated by the annuity customer and the investment management person, but the different investment manager's operation Style also has the big difference. "There has been a loss of employees due to corporate annuity accounts, run to the investment organization to make trouble, so the annuity investment style compared to other types of investment has always been relatively conservative, plus, the customer for the enterprise annuity income requirements are not high, some customers as long as the income can reach 3%~4%. Most of the managers are more conservative style, some stock positions are not more than 5%, but there are more aggressive style managers, stock positions to achieve the upper limit of the proportion of annuity stock.　　The teacher told the reporter.　　According to regulations, enterprise annuity investment varieties and positions are still subject to strict supervision. According to the Ministry of Human Resources and social security and the CBRC, the regulation of Enterprise Annuity Fund Administration promulgated by the SFC and Circ 11th, the Enterprise annuity's investment in high-risk varieties is strictly limited, in which the enterprise annuity should not be directly invested in the warrants, investment in equities and other equity products and stock funds, hybrid funds,　　The proportion of investment-linked insurance should not be higher than 30% of the net worth of the Portfolio enterprise annuity. Shanyin-Su thinks, the investment way of enterprise annuity is not like the rich of Social Security Fund is also the reason that its income is low. "For example, whether some government bonds can be bought as a priority, and whether some low-risk, high return construction projects can be given priority, and whether the government has set a reasonable ceiling for asset ratios, and so on."　　Shanyin Sue told reporters. The reporter learned that the current enterprise annuity investment scope is indeed compared with the Social Security Fund a lot of narrow. According to the management measures of Enterprise Annuity Fund, Enterprise Annuity Fund property is limited to domestic investment, including bank deposits, national debt, central bank bills, bond repurchase, universal insurance products, investment-linked insurance products, securities investment funds, stocks, and credit rating in the investment level above the financial debt, corporate (corporate) debt,　　Convertible debt (including separate transaction convertible debt), short-term financing coupons and medium-term notes and other financial products. "In a word, the investment income of enterprise annuity is very difficult to promote, for example, an enterprise annuity management company's investment manager, income is only a well-known fund manager of 1/10, how can he have the power to do the results?" "A broker's insurance industry analyst told reporters. Share to: