Do I have to pay social security every year?

Yes, social security cards are paid every year, and social security is paid monthly. If the social security card is not paid on time, it will be temporarily invalid. You can withdraw the money from the card when you surrender (only the amount paid by the individual). If you don't pay the fee for a long time, you can pay it back, but you need to pay a small amount of late fees. Social security card payment period reached or exceeded fifteen years, regardless of whether to continue to pay, are not cancelled.

How much is social security a year?

For employees, the calculation formula of monthly social security expenses is as follows:

Unit contribution = unit social security contribution ratio * unit social security contribution base

Individual contributions of employees = individual social security contribution ratio * individual social security contribution base

Generally speaking, the proportion of social security units and individuals is as follows:

Endowment insurance: the unit pays 20% and the individual pays 8%;

Medical insurance: the unit pays 8% and the individual pays 2%;

Unemployment insurance: the unit pays 2%, and the individual pays1%;

Industrial injury insurance: the unit pays 0.5%, and the individual does not pay;

Maternity insurance: the unit pays 0.8%, and the individual does not;

Another factor related to the monthly social security fee is that the payment base of social security, referred to as social security base for short, is determined according to the monthly average amount of wages and salaries tax declared by employees in the previous year 1 to 12. Generally speaking, the social security payment base is 60%-300% of the average social wage.

Characteristics of social security

Features 1: the objective basis of social insurance is the risks existing in the labor field, and the object of insurance is the workers themselves;

Feature 2: The subject of social insurance is specific. Including workers (including their relatives) and employers;

Feature 3: Social insurance is compulsory;

Feature 4: the purpose of social insurance is to maintain the reproduction of labor force;

Feature 5: The insurance fund comes from the contributions and financial support of employers and workers. Insurance coverage is limited to employees, excluding other social members. The insurance coverage is limited to all kinds of risks in labor risks, excluding other risks such as property and economy.

Legal basis:

People's Republic of China (PRC) social insurance law

Article 60 The employing unit shall declare on its own and pay social insurance premiums in full and on time. Except for legal reasons such as force majeure, the payment shall not be postponed or reduced. The social insurance premiums that employees should pay shall be withheld and remitted by the employer, and the employer shall inform me of the details of paying social insurance premiums on a monthly basis. Individual industrial and commercial households without employees, part-time employees who have not participated in social insurance in the employing units and other flexible employees can pay social insurance premiums directly to the social insurance premium collection agencies.