How much money can be refunded for individual flexible employment surrender?

The amount of money that can be refunded to an individual who is flexibly employed is as follows:

1. 8% of the individual's contribution can be refunded for the individual account portion.

2. 12% of the individual's contribution is not refundable for the unified account portion.

3. Only the portion of the individual account in the pension insurance and medical insurance can be returned when surrendering the insurance.

4. The amount of surrender only includes the costs that go into the individual account, not the part that goes into the integrated account.

Calculation of social security for individuals with flexible employment:

1. Calculation of basic pension insurance benefits: based on the accumulated years of contribution to the individual account and the accumulated amount in the account;

2. Calculation of basic medical insurance benefits: usually based on the accumulated balance of the individual account and the provisions of local policies;

3. Calculation of unemployment insurance benefits : It is determined according to the individual's contribution period and the local unemployment insurance benefit standard;

4. Calculation of Workers' Compensation Insurance Benefit: If an individual suffers a work-related injury during the contribution period, it will be calculated in accordance with the relevant provisions of the Workers' Compensation Insurance;

5. Calculation of Maternity Insurance Benefit: The amount of the Maternity Insurance Benefit will be determined according to the individual's contribution period and the local policy, if applicable.

In summary, when an individual flexibly employed withdraws from the insurance, the amount that can be returned is limited to the portion of the individual account in the pension and medical insurance, i.e., 8% of the individual's contribution, while the 12% of the individual's contribution that goes into the co-ordinated account will not be returned, and the amount of the refund does not include any costs allocated to the co-ordinated account.

Legal basis:

The Social Insurance Law of the People's Republic of China

Article 10

Employees shall take part in the basic pension insurance, and shall pay the basic pension insurance premiums by the employing unit and the employees*** together. Individual industrial and commercial households without employees, part-time workers who do not participate in basic pension insurance with their employing units, and other flexibly employed persons may participate in basic pension insurance and pay basic pension insurance premiums by themselves. The methods of pension insurance for civil servants and staff members administered under the civil service law shall be prescribed by the State Council.

Article 12

The employer shall pay basic pension insurance premiums in accordance with the proportion of the total wages of the employees of the employer as prescribed by the State, and credit them to the Basic Pension Insurance Coordination Fund. Employees shall pay basic pension insurance premiums in accordance with the proportion of their own wages prescribed by the State and credited to their individual accounts. Individual business households without employees, part-time workers who do not participate in the basic pension insurance of the employer and other flexible employment to participate in the basic pension insurance, should pay the basic pension insurance premiums in accordance with the state regulations, respectively, credited to the basic pension insurance fund and individual accounts.