What's the difference between a company paying social security and an individual paying social security?

Legal analysis: There are three differences between the two: First, the nature of payment is different: the endowment insurance is compulsory by the unit. As long as you work in the unit, the unit will pay you, otherwise you will be punished. It is voluntary for individuals to pay endowment insurance. If you think social security is more important, you can pay the monthly fee, you can pay it yourself or you can choose not to pay it. Second, the qualifications are different: the premise for the unit to pay endowment insurance is that you have a normal job and a unit, but there is no hukou restriction. Whether it is local or not, it can be handed over to social security personnel. Personal pension insurance does not require work, but it is usually a local account. Third, the difference between the object of payment and the proportion of payment. The endowment insurance premium paid by the unit shall be paid jointly by the unit and the individual. The contribution rate of this unit is much higher than that of individuals. But the unit only pays its own principal, and the rate will be much higher. Most importantly, only 40% of them are included in personal accounts, while 60% are included in social security accounts. If there is no perfect death, you can only inherit the money in your personal account. Comparing the unit pension insurance with the individual pension insurance, it is found that the unit has paid a lot of pension expenses. Because most of them are paid by units, the share of individuals is very low.

Legal basis: Provisional Regulations on the Collection and Payment of Social Insurance Fees.

Article 2 These Regulations shall apply to the collection and payment of basic old-age insurance premiums, basic medical insurance premiums and unemployment insurance premiums (hereinafter referred to as social insurance premiums).

The units and payers mentioned in these Regulations refer to the units and individuals that should pay social insurance premiums in accordance with relevant laws, administrative regulations and the provisions of the State Council.

Article 3 The collection scope of basic old-age insurance premiums: state-owned enterprises, urban collective enterprises, foreign-invested enterprises, urban private enterprises and other urban enterprises and their employees, and institutions and their employees that implement enterprise management.

The collection scope of basic medical insurance premium: state-owned enterprises, urban collective enterprises, foreign-invested enterprises, urban private enterprises and other urban enterprises and their employees, state organs and their employees, institutions and their employees, private non-enterprise units and their employees, social organizations and their full-time employees.

The collection scope of unemployment insurance premium: state-owned enterprises, urban collective enterprises, foreign-invested enterprises, urban private enterprises and other urban enterprises and their employees, institutions and their employees.

The people's governments of provinces, autonomous regions and municipalities directly under the Central Government may, according to local actual conditions, stipulate that urban individual industrial and commercial households should be included in the basic old-age insurance and basic medical insurance coverage, and social organizations and their full-time staff, private non-enterprise units and their employees, and urban individual industrial and commercial households with employees and their employees should be included in the scope of unemployment insurance.

The payment base and rate of social insurance premiums shall be implemented in accordance with relevant laws, administrative regulations and the provisions of the State Council.

Article 15 Where the people's governments of provinces, autonomous regions and municipalities directly under the Central Government stipulate that social insurance premiums shall be collected by the tax authorities, the tax authorities shall provide the social insurance agencies with the payment information of the payment units and individuals in a timely manner; The social insurance agency shall collect relevant information and report to the administrative department of labor security.