Is it cost-effective for the self-employed to pay social security by themselves?

The cost-effectiveness of self-employed people paying social security by themselves is as follows:

1. If the individual pays the social security in full, the accumulated payment period will reach 15 years or more. If you reach the statutory retirement age, you can apply for retirement and receive a basic pension on a monthly basis. Pensions are collected from retirement to death, and are basically adjusted every year with the development of economy;

2. Of the endowment insurance paid by individuals in full, 12% belongs to the overall account, and the money in the overall account can of course be enjoyed by individuals. The basic pension is paid by the overall fund, and sometimes the proportion of basic pension in the whole pension is relatively large, accounting for about two-thirds of the whole pension.

Legal basis: Article 57 of the Social Insurance Law of People's Republic of China (PRC).

The employing unit shall, within 30 days from the date of its establishment, apply to the local social insurance agency for social insurance registration with its business license, registration certificate or unit seal. The social insurance agency shall, within fifteen days from the date of receiving the application, examine and issue the social insurance registration certificate.

Where the social insurance registration items of the employing unit are changed or the employing unit is terminated according to law, it shall, within 30 days from the date of change or termination, go to the social insurance agency to handle the change or cancellation of social insurance registration.

The market supervision and management department, the civil affairs department and the organization management organ shall promptly inform the social insurance agency of the establishment and termination of the employing unit, and the public security organ shall promptly inform the social insurance agency of the birth, death, household registration, migration and cancellation of the individual.