How to withdraw money from social security card

The funds in the social security card are generally not allowed to be withdrawn at will.

The funds in social security cards are usually divided into two parts: individual account funds and overall account funds. Personal account funds are mainly used to pay personal medical expenses, such as outpatient service and hospitalization; The funds in the overall account shall be borne by the society and used to pay the collective medical expenses within the scope of social security. According to the regulations, these funds should be earmarked for special purposes and should not be withdrawn at will.

Social security cards can withdraw funds under the following circumstances:

Reaching the legal retirement age: those who have reached the legal retirement age (60 males and 50 females) and have not paid the old-age insurance 15, and are unwilling to extend the payment period, can apply for a one-time withdrawal of the balance of the personal pension account.

Death: If he died unexpectedly during his employment or after retirement, his successor can directly receive the balance in his pension account with relevant supporting documents (such as death certificate and account cancellation certificate). ).

Going abroad to settle down and change nationality: If an individual chooses to go abroad to settle down and change nationality, he can apply to the local authorities for returning the funds paid by the enterprise during the payment period with immigration procedures, cancellation pages of household registration books and other materials.

To sum up, the funds in the social security card are generally not allowed to be withdrawn at will, but under certain circumstances, you can apply for withdrawal or use according to regulations.

Legal basis:

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

Article 14

Personal accounts shall not be withdrawn in advance, and the bookkeeping interest rate shall not be lower than the bank time deposit interest rate, and interest tax shall be exempted.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.