Wednesday, May 2, 2018

China's third-pillar pension market 'could be worth €1.4trn'

According to a recent study by KPMG, this market could grow at an annual rate of 21% and, by 2025, be worth RMB11trn (€1.4trn). Under the pilot scheme, individuals will get a tax break for buying insurance-based pension products up to a value of RMB1,000 or 6% of their salary, whichever is greater.
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