Advantages and disadvantages of paying social security at 50.

Benefits of paying social security at one's own expense: social security payment will not be interrupted, and individuals can receive pensions after paying for 15 years and reaching the legal retirement age; The disadvantage of paying social security at one's own expense is that the burden of paying social security at one's own expense is heavy, and individuals need to bear all the expenses. If there is a work unit, then individuals only need to pay about 20%-30%.

Legal basis: Article 58 of the Social Insurance Law of People's Republic of China (PRC) stipulates that the employer shall apply to the social insurance agency for social insurance registration for employees within 30 days from the date of employment. If the social insurance has not been registered, the social insurance agency shall verify the social insurance premium it should pay. Employees-free individual industrial and commercial households who voluntarily participate in social insurance, part-time employees who do not participate in social insurance in the employing unit and other flexible employees shall apply to the social insurance agency for social insurance registration. The state establishes a national unified personal social security number. Personal social security number is a citizen's identity number.