Is it necessary to pay for personal social security? Is it cost-effective or not?

Legal Subjective:

National policy stipulates that 15 years of accumulated contributions is the minimum number of years of contributions. That is to say, after 15 years of accumulated contributions, you will be eligible to receive a pension when you reach the retirement age. If, after 15 years of contributions, you do not want to renew your contributions, or you are unable to do so, you can bring your ID card and your household registration. You can bring your ID card, hukou, and proof of payment to the community social security office to report the cessation of contributions, and it will not affect your future retirement.

Legal Objective:

The Provisional Regulations on Value-added Tax, Article 2, VAT rate: (a) Taxpayers selling goods, services, tangible movable assets leasing services or imported goods, in addition to the second, fourth and fifth items of this article otherwise provided for, the rate of tax is 17%. (b) Taxpayers selling transportation, postal services, basic telecommunication, construction, real estate leasing services, sale of real estate, transfer of land use rights, the sale or import of the following goods, the tax rate of 11%: 1. agricultural products such as grain, edible vegetable oil, edible salt; 2. tap water, heating, cooling, hot water, gas, liquefied petroleum gas, natural gas, dimethyl ether, biogas, residential coal products; 3. books, newspapers, magazines, audio-visual products, and other products. Books, newspapers, magazines, audio-visual products, electronic publications; 4. feed, fertilizers, pesticides, agricultural machinery, agricultural films; 5. other goods prescribed by the State Council; (c) Taxpayers' sales of services, intangible assets, except as otherwise provided for in the first, second and fifth subparagraphs of this Article, the tax rate shall be 6%; (d) Taxpayers' exports of goods shall be subject to a zero percent tax rate, except as otherwise provided by the State Council; (e) Domestic units and individuals (e) The tax rate for cross-border sales of services and intangible assets within the scope of the State Council's regulations shall be zero. Adjustment of the tax rate shall be decided by the State Council. Article 12 The value-added tax collection rate for small-scale taxpayers is 3%, except as otherwise provided by the State Council.