How much does it cost for freelancers to pay social security?

There are two ways for freelancers to buy social security, and the costs involved are also different. When flexible employees participate in endowment insurance, they pay the basic endowment insurance premium at 20% of the average monthly salary of on-the-job employees. Medical insurance generally pays the basic medical insurance premium at 4% of the local average monthly salary in the previous year.

Legal objectivity:

Article 12 of the Social Insurance Law of People's Republic of China (PRC) * * * The employing unit shall pay the basic old-age insurance premium according to the proportion of the total wages of employees stipulated by the state and record it in the basic old-age insurance pooling fund. Employees shall pay the basic old-age insurance premium in accordance with the proportion of wages stipulated by the state and record it in their personal accounts. Individual industrial and commercial households without employees, part-time employees who have not participated in the basic old-age insurance in the employing unit and other flexible employees who have participated in the basic old-age insurance shall pay the basic old-age insurance premiums in accordance with state regulations and record them in the basic old-age insurance pooling fund and individual accounts respectively.