Can I spend the money in my social security card?

The money in the social security card cannot be consumed, as follows:

1, the state stipulates that individual accounts shall not be withdrawn in advance, and the bookkeeping interest rate shall not be lower than the bank time deposit interest rate, and interest tax shall be exempted. If an individual dies, the balance of the individual account can be inherited;

2, to participate in the basic old-age insurance, individuals reach the statutory retirement age to pay less than fifteen years, you can pay for fifteen years, and receive a monthly basic pension; 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.

The activation method of social security card is as follows:

1. When the user receives the social security card for the first time, he can ask the on-site staff to help activate the social security card;

2. On-the-job employees can call the social security service hotline to help activate the social security card through manual customer service;

3. If the user is busy, you can also entrust others to handle it. The trustee should hold the social security card, power of attorney and personal identity documents to the social security agency for activation;

4. Use it for the first time in a designated medical insurance hospital or pharmacy for activation.

Legal basis: Article 14 of the Social Insurance Law of People's Republic of China (PRC).

Personal accounts shall not be withdrawn in advance, and the bookkeeping interest rate shall not be lower than the bank time deposit interest rate, and interest tax shall be exempted. If an individual dies, the balance of the individual account can be inherited.

Article 15

The basic pension consists of overall pension and individual account pension.

The basic pension is determined according to factors such as individual cumulative payment years, payment wages, average salary of local employees, personal account amount, average life expectancy of urban population, etc.