How many years will social security be paid back?

We know that there are some flexible employees, such as Taobao, WeChat business, part-time, self-media and grocery store, whose income may fluctuate with the season, time and month.

So if you pay social security, the local government requires you to pay according to the average salary.

You don't know your income, so your pension is generally paid according to the average social wage, and generally you need to pay 20% of the average social wage every year.

Note that this 20% is divided into two parts: 12% goes to the local co-ordination account to give pensions to the retired elderly, and 8% goes to your own personal account, which will be accumulated continuously to prepare for your future retirement.

This is different from the employees of the enterprise. All the individual accounts of enterprise employees are paid, and the family overall account is paid by the unit for you.

So as a freelancer, you don't have a unit, so you have two accounts, both of which should be paid.

The collection of the overall account will be paid off in about 12 years.

If you plan your account as a whole, you will receive it according to the proportion of the payment period, that is to say, how many years you have paid, and when you retire, you will receive it according to a certain proportion of the local average social wage in the previous year.

If we pay 15 years of social security, put 12% into the overall account every year, and receive 15% every year after retirement, then 12 years will be able to return to our capital.

Personal account is about 12~ 14.

The personal part is different. Personal account pension will set your planned number of months according to your retirement age.

According to the regulations, men's retirement at the age of 60 is 139 months, and women's retirement at the age of 55 is 170 months. The payment is also 15 years, so we only need 12 to 14 years to return to our capital.

Therefore, freelancers must be 67-75 years old if they want to pay social security by themselves.

Compared with employees, it will take longer to return to our office, because we have to pay more money as a whole every month.

However, Xiao Wei felt that the national average life expectancy in China was 76 years. As long as we are optimistic and confident, maintain a happy attitude and live a healthy life, it is not a big problem to return the pension.