China is to announce details of a pilot program about the tax-deferred pension plans before the end of 2015, the Shanghai Securities News reported on Monday, citing reliable sources.
The trial program is a long-anticipated scheme that allows employees to set aside a tax-deferred portion of their salaries for purchasing designated pension products. The Economic Information Daily also reported on Monday that China will release a set of preferential tax policies for insurers offering retirement plans in December.
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