What are the benefits of paying social security and provident fund?

Theoretically, the higher the social security, the better. However, I have to calculate an account myself. At present, there are basically two methods to calculate the social security pension after 1998: personal account/120 (calculated by the country according to 10 years after retirement), and the other is the local social security salary of the previous year * payment years/100 (if the personal contribution salary is high, it may be fine-tuned, which will affect.

Therefore, the longer the payment time, it will be of great help to the future pension. This is for sure, but the higher the payment base, it will only affect your personal account. The money in your personal account is your own. If you pay less, you pay less. It doesn't matter much, so from the point of view, a high base does not necessarily mean more (such as a short payment period). It only increases the burden on the unit, because the social security premium borne by the unit is more than twice that of the individual.

Provident funds, companies and individuals pay into personal accounts, so a high base is definitely good. If it is a local hukou, if you don't buy a house, you can only get the provident fund if you retire. The higher the payment base of the provident fund, the better, but if the unit pays according to the minimum 5%, it will not be of much benefit to itself.

And the base of social security and provident fund can be different. If the unit is formal and there is no pressure on personal funds, then it is best to pay according to your own salary base. Just put it in the social security provident fund center.

Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.