What will happen if you don't buy social security

Failure to purchase social security may lead to the inability to enjoy social security benefits and medical insurance benefits, affecting the use of pensions and social security cards. At the same time, the law also stipulates the administrative punishment and legal responsibility for failing to pay social security.

Social security refers to a social insurance system that pays taxes according to a certain proportion and is established and managed by the state or local government. Social security covers a wide range, including basic old-age insurance, basic medical insurance, unemployment insurance, industrial injury insurance and maternity insurance. Buying social security can help individuals establish a security system and get a certain degree of economic compensation when they retire or encounter risks in the future. Failure to purchase social security may lead to the following problems: 1. Not enjoying social security benefits: those who have not paid social security cannot enjoy basic social insurance benefits such as pension, medical care and maternity, and cannot obtain relevant social security cards and medical insurance cards. 2. Affect the pension: The number of years of social security is an important indicator for calculating the pension amount. If you don't pay social security, you can't accumulate years and face lower pension benefits when you retire. 3. Administrative punishment and legal liability: The Social Insurance Law stipulates that units and individuals who fail to participate in social insurance according to law will be ordered to pay back the money and be fined. At the same time, units that maliciously default on social insurance premiums may bear criminal responsibility.

What should I do if I can't pay enough social security fees? According to the actual situation, you can apply to the relevant departments for relief or installment payment of social insurance premiums. For example, during the epidemic period, some localities adopted the policy of suspending, postponing or reducing social insurance premiums, which provided some help to enterprises and individuals greatly affected by the epidemic.

Buying social security is an important safeguard measure, which can provide basic protection for individuals in retirement and medical care. Without paying social security, you will not be able to enjoy social security benefits, and there are also legal risks and administrative penalties. It is suggested that individuals and units pay social insurance premiums in a timely manner according to regulations, and at the same time pay attention to policy trends and understand relevant reduction and exemption policies and application processes.

Legal basis:

Article 86 of the Social Insurance Law of People's Republic of China (PRC) stipulates that if the employer fails to pay the social insurance premium in full and on time, the social insurance premium collection agency shall order it to pay or make up within a time limit, and from the date of default, an overdue fine of five ten thousandths shall be charged on a daily basis; Failing to pay within the time limit, the relevant administrative departments shall impose a fine of more than one time and less than three times the amount owed.