What's the difference between personal pension and social security pension?

The difference between these two kinds of insurance money lies in the different sources of funds, different directions of funds, different ways of raising funds and different coercive power.

1, different sources of funds: personal pension is entirely saved by individuals and voluntary; Social security is paid by our individuals and units.

2. The direction of funds is different: the money in the individual pension account cannot be collected until retirement age; Part of the social security fund should go into the overall account. After paying the pension, you can't receive the pension before retirement.

3. Different ways of receiving: individual pension is flexible; Social security pension is fixed.

4. Compulsory distinction: individual pension is voluntary participation; Social security is compulsory and everyone needs to pay.