Do I need to pay five insurances and one gold?

You have to pay five insurances and one gold.

In the part of five insurances, individuals only need to pay three insurances and deduct them from their wages; The company must pay all the five insurances, which are not deducted from the salary, and the proportion paid by the company is higher than that of the individual. One gold is also paid by companies and individuals. According to the relevant laws and regulations, five insurances and one gold refer to several security benefits provided by employers, including pension insurance, medical insurance, unemployment insurance, work injury insurance, maternity insurance and housing accumulation fund. On-the-job employees shall pay the housing provident fund in accordance with the regulations. "The housing provident fund is a' payable' project, which is legally necessary, and payment also means that it is an obligation.

The main functions of five insurances and one gold are as follows:

1, endowment insurance

Those who buy old-age insurance can enjoy the old-age insurance benefits as long as they pay the accumulated fee 15 years and reach the retirement age stipulated by the state.

2. Medical insurance

Only when the cumulative payment period for purchasing medical insurance is 30 years for men and 25 years for women can they enjoy medical insurance benefits for life.

Step 3 buy a house and a car

If a foreign hukou buys a car or a house in Beijing, it is required to pay social security for more than 5 years before buying a house or a car.

4. Children read books

Non-local residents studying in Beijing need to pay social security at least 1 year.

At present, there is no uniform provision for the minimum payment period in the country, and different regions and ages also have different provisions for the payment period of five insurances and one gold. Under normal circumstances, as long as the insured person has paid the prescribed number of years, he can enjoy the corresponding treatment during his work and after retirement.

In terms of endowment insurance, the payment period is 15, and the insured can receive a certain amount of pension every month after retirement until the insured dies.

In terms of medical insurance, the payment period is 25 years, and the insured can enjoy lifelong medical insurance treatment for free after retirement.

Maternity insurance, unemployment insurance and industrial injury insurance have no fixed payment period, and they can enjoy corresponding treatment as long as they pay for one year.

Housing provident fund has no payment period, and the insured can use it when buying a house.

The difference between social security and five insurances and one gold;

Social security and five insurances and one gold are essentially the same. Social security is five risks, but the name is different. It usually includes medical insurance, endowment insurance, maternity insurance, unemployment insurance and work injury insurance.

It is worth noting that social security is divided into individual employee contributions and company contributions. If the company pays the relevant social security, it is five insurances. If individuals pay, they can only participate in endowment insurance, medical insurance and maternity insurance, that is, social security.

One fund is mainly housing accumulation fund, which can provide housing loans for the insured, but this insurance cannot be purchased by individuals and can only be purchased through companies.

To sum up, social security and five insurances mainly provide various guarantees for the insured, and one gold mainly provides housing security. There is still a big difference between the two.

Legal basis:

People's Republic of China (PRC) social insurance law

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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 get material help from the state and society in accordance with the law when they are old, sick, injured, unemployed and have children.