How old can I start buying old-age insurance?

The specific provisions for paying endowment insurance are as follows:

1. The payment age of endowment insurance in social insurance starts from 16 years old and ends at the legal retirement age (generally 60 years old for men, 55 years old for women cadres, 50 years old for women employees and 60 years old for women residents);

2. The retirement age of freelancers shall be implemented according to local regulations. The so-called payment base of social insurance refers to the wage base used by enterprises or employees to calculate and pay social insurance premiums. This base multiplied by the prescribed rate is the amount of social insurance premiums that enterprises or individuals should pay. Enterprises generally take the total wages of their employees as the payment base, and the average monthly salary of employees in the previous year is the salary base for individuals to pay social insurance premiums. The payment base shall be approved by the social insurance agency according to the employer's declaration.

Individual endowment insurance measures are as follows:

1. The applicant shall go to the social security bureau where the household registration is located. Due to the different social insurance policies in different regions, the payment methods are also different. For details, please contact the Social Security Bureau at telephone number 12333.

3. Information required for processing: my ID card, two recent bareheaded one-inch photos, insurance premium, application form, etc.

3. Handling process: the insured chooses the grade according to their own labor income, and the endowment insurance agency entrusts the post office to collect it on a monthly basis. The insured shall open an account at the designated post office with the account opening certificate and ID card, hand in the passbook and change the password. The insured shall deposit a certain amount of endowment insurance premium before 25th of each month (it can be deposited for one quarter, one year or longer, but at least one month's endowment insurance premium shall be paid. ) Before the 5th day of each month, receive the endowment insurance premium of last month directly from the passbook of the insured.

To sum up, different types of endowment insurance have different age requirements, as follows: If it is endowment insurance for urban and rural residents, 16 years of age or older (except students at school) can participate.

Legal basis:

People's Republic of China (PRC) social insurance law

Article 10

Employees shall participate in the basic old-age insurance, and the employer and employees shall jointly pay the basic old-age insurance premium.

Individual industrial and commercial households without employees, part-time employees who have not participated in the basic old-age insurance in the employer and other flexible employees can participate in the basic old-age insurance, and individuals pay the basic old-age insurance premium.

The measures for the endowment insurance of civil servants and staff managed by reference to the Civil Service Law shall be formulated by the State Council.

Article 12

The employing unit shall pay the basic old-age insurance premium according to the proportion of the total wages of its employees stipulated by the state, and record it in the basic old-age insurance pooling fund.

Employees shall pay the basic old-age insurance premium in accordance with the proportion of wages stipulated by the state and record it in their personal accounts.

Article 16

Individuals who participate in the basic old-age insurance will receive the basic old-age pension on a monthly basis if they have paid a total of fifteen years when they reach the statutory retirement age.

Individuals who participate in the basic old-age insurance and pay less than fifteen years when they reach the statutory retirement age can pay for fifteen years and receive the basic pension on a monthly basis;

Can also be transferred to the new rural social endowment insurance or urban residents' social endowment insurance, enjoy the corresponding pension insurance benefits in accordance with the provisions of the State Council.