Friday, April 13, 2018
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China to pilot tax-deferred pension scheme

Shanghai will be one of China's first regions to pilot the long-awaited tax-deferred pension plan starting on May 1. Shanghai, Fujian Province and Suzhou Industrial Park in Jiangsu Province will conduct the one-year commercial pension insurance project. Under the plan, individuals will be allowed to defer tax on part of their income that is used to buy commercial pension insurance until they retire and draw money from the fund. Read More