Is it cost-effective to pay social security at the age of 45? The details are as follows

After we enter the company, the company will pay social security for us, but for friends who don't have a fixed company, they can only choose to pay social security themselves. Some insured people pay late and start paying social security at the age of 45, so is it cost-effective to start paying social security at the age of 45?

Is it worth paying social security at the age of 45?

First of all, there is no clear limit on the age of participation in social security, but it should not exceed the retirement age in theory. Social security can be paid before the retirement age of 45. Secondly, the retirement age of male employees with flexible employment is 60, and that of female employees is 55. Male insured persons who pay social security at the age of 45 can retire at the retirement age of 15, but female insured persons who are insured at the age of 45 can legally retire.

Generally speaking, if conditions permit, it is better to pay social security early. First, the old-age insurance follows the principle of long-term overpayment and overpayment. The longer the payment time, the more pension you can get. And if you pay the prescribed number of years of medical insurance, you can enjoy lifelong medical insurance when you retire. The cumulative payment period of medical insurance is generally 30 years for men and 25 years for women. If you want to enjoy health insurance for life, you must be insured before the age of 30 at the latest, and you can't break off diplomatic relations.

In addition, with the development of China's economy and the rise of social wages, social security contributions will also increase year by year. Admission in advance can save a sum of money and reduce the financial burden. In addition, there are many changes in the future social security policy and its own future variables, and there are certain risks in the later insurance. So it's better to join social security early.

Generally speaking, if you are an employee, you don't have to worry about social security. If you are a flexible employee, it is better to pay social security as soon as possible. That's all. I hope it helps you.