Is it cost-effective for individuals to pay social security themselves?

It is not cost-effective for individuals to pay social security by themselves, as follows:

1, because when the company gives it to employees, the company will give a large part, and then give 8% by itself, so that employees can fully enjoy the welfare policies of the state and the company;

2. If the employees pay by themselves, both the individual part and the overall part should be paid by individuals, and only 40% of the money paid will go into the individual account, and the remaining 60% will go into the overall account. If you can find a company to pay, you'd better find a company to help you pay.

Social insurance is a social and economic system that provides income or compensation for those who lose their ability to work, are temporarily unemployed or suffer losses due to health reasons.

Legal basis: Article 64 of People's Republic of China (PRC) Social Insurance Law.

Social insurance funds include basic endowment insurance fund, basic medical insurance fund, industrial injury insurance fund, unemployment insurance fund and maternity insurance fund. In addition to the basic medical insurance fund and maternity insurance fund combined accounting, other social insurance funds are accounted for separately according to social insurance types. Social insurance funds implement a unified accounting system throughout the country. The social insurance fund is earmarked for special purposes, and no organization or individual may occupy or misappropriate it. The basic old-age insurance fund will gradually implement national overall planning, and other social insurance funds will gradually implement provincial overall planning. The specific time and steps shall be stipulated by the State Council.