For flexible employees, which is more cost-effective to rely on social security or individual contributions?

For flexible employees, which is more cost-effective to rely on social security or individual contributions?

For freelancers working in Beijing, it is more cost-effective to pay with their families.

Why?

There are many restrictions on the payment of social insurance for flexible employment, including household registration and insurance coverage.

First of all, there are two kinds of social insurance-urban social insurance and rural social insurance.

But if you pay all these insurances, you must pay them through your employer, because freelancers can't buy work-related injury, unemployment and maternity insurance in their own names, and the provident fund is not social insurance, but it can be paid through your employer.

Individual donations are out of the question.

Another thing to note is that there is no household registration restriction, as long as you are in your workplace, you have the right to participate in the program.

In contrast, freelancers must apply at their place of residence, which is a disadvantage.

For migrant workers in Beijing, not having a Beijing hukou means that they are not qualified to buy a house or a car in Beijing.

They are not in the local medical insurance coverage, so they are not eligible for medical reimbursement.

The company pays benefits and continues to enjoy them.

As mentioned above, flexible social insurance contributions limit the types of insurance that can be insured. Therefore, it does not include unemployment benefits, one-time maternity leave and maternity allowance, and housing loans calculated at the interest rate of provident fund.

What about pensions and medical benefits? Pension benefits.

If two conditions are met, that is, the payment has reached 15 years and the legal retirement age (60 years for men, 55 years for female cadres and 50 years for female employees), you can go through the retirement procedures and receive the basic pension every month.

The calculation method of the two pensions is the same, involving four factors: the number of years of participation, the contribution rate, the balance of personal account and the average social wage in the retirement year.

Medical treatment.

The only difference is the balance of personal account.

How do freelancers enjoy social security in Beijing?

This paper introduces the similarities and differences between them, such as restrictions, types of insurance and benefits enjoyed.

As we all know, social security costs are shared by units and individuals according to a certain proportion, among which maternity insurance and industrial injury insurance do not need to be paid by individuals. Paying social security means that individuals have to pay all social security fees in addition to a certain service fee, which is illegal.

Not protected by domestic laws.

But for migrant workers in Beijing, if they don't pay through their families, they can't enjoy social security, and they are no longer eligible to buy a house, a car or daily necessities with points.

Therefore, considering these factors comprehensively, it is not an option to come to Beijing as an immigrant.