Do I have to pay five insurances and one gold?

Legal analysis: employers must pay five insurances and one gold, and employers and workers must participate in social insurance and pay social insurance premiums according to law. If the employer fails to pay the social insurance premium in full and on time, the social insurance premium collection agency shall order it to pay it within a time limit or make up for it, and from the date of default, an overdue fine of 5/10000 shall be added daily.

Five insurances and one gold refer to several kinds of security benefits provided to workers by employers, including endowment insurance, medical insurance, unemployment insurance, work injury insurance, maternity insurance and housing accumulation fund. "On-the-job employees should pay the housing accumulation fund in accordance with the regulations." Housing accumulation fund is a "payable" project, which is legally necessary, and paying it also means an obligation. The five characteristics of "five insurances and one gold" are: 1. The objective basis of social insurance is the risks existing in the labor field, and the object of insurance is the personal life of workers; 2. The subject of social insurance is specific, including workers and employers; 3. Social insurance is compulsory; 4. The purpose of social insurance is to maintain the reproduction of labor force; 5. The insurance fund comes from the contributions and financial support of employers and workers, and the insurance scope 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. Social security paid by general units, that is, social security, is divided into endowment insurance-retirement pension medical insurance-maternity insurance when sick-industrial injury insurance when giving birth to children-unemployment insurance when industrial injury occurs-serious illness insurance when unemployed.

Legal basis: People's Republic of China (PRC) Social Insurance Law.

Article 4 Employers and individuals who pay social insurance premiums according to law in People's Republic of China (PRC) have the right to inquire about payment records and personal rights and interests records, and ask social insurance agencies to provide social insurance consultation and other related services. Individuals enjoy social insurance benefits according to law and have the right to supervise the payment of their own units.

Fifth people's governments at or above the county level shall incorporate social insurance into the national economic and social development plan. The state raises social insurance funds through multiple channels. People's governments at or above the county level shall give necessary financial support to social insurance. The state supports social insurance through preferential tax policies.