Five insurances and one gold in Shenzhen

Legal analysis: five insurances and one gold are compulsory by the state. Based on the average monthly salary of individuals in the previous year, companies and individuals pay according to a certain proportion, so everyone's five insurances and one gold are different. In addition, it may be slightly different from place to place.

Five insurances include: endowment insurance: 8% for individuals and 22% for units.

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

Article 2 The state establishes social insurance systems such as basic old-age insurance, basic medical insurance, industrial injury insurance, unemployment insurance and maternity insurance, so as to guarantee citizens' right to receive material assistance from the state and society in accordance with the law in case of old age, illness, industrial injury, unemployment and maternity.

Article 3 The social insurance system adheres to the principles of wide coverage, basic protection, multi-level and sustainability, and the level of social insurance should be compatible with the level of economic and social development. Article 4 Employers and individuals in People's Republic of China (PRC) shall pay social insurance premiums according to law, and 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 undertakings. The state supports social insurance through preferential tax policies.