How to pay for old-age insurance How much does the individual pay for old-age insurance?

1. There are two ways to pay social security by yourself:

(1) Participate in social security for urban and rural residents, including endowment insurance and medical insurance for residents.

(2) Participating in social security for urban workers as flexible employment, including employee pension insurance and medical insurance, can also be said to be flexible employment social security.

2. It should be noted that these two methods generally have to go to the social security bureau where the household registration is located to pay social security. However, some areas allow non-local residents who meet certain conditions to pay flexible employment social security. Please consult the local social security department for specific requirements.

3. Individuals pay social security fees.

(1) Social security for urban and rural residents. Social security for urban and rural residents is paid annually, and endowment insurance has multiple payment grades, usually ranging from 200 to 5,000 yuan, so you can choose to pay; 202 1 The minimum personal payment standard for medical insurance is 280 yuan, and the standards vary from place to place.

(2) Social security for urban workers. The base of social security payment for urban workers is calculated according to the local average wage in the previous year. The minimum base of payment is 60% of the average wage in the previous year, and the maximum base of payment is 300% of the average wage in the previous year. Generally speaking, when paying endowment insurance for urban workers, individuals pay 20% of the payment base, and medical insurance for urban workers pays 4% or 8% of the payment base.

4. For example, if the average social wage in a certain area is 4000 yuan, then the payment base is between 2400- 12000. If flexible employees participate in endowment insurance, they need to pay at least 4000 * 60% * 20% = 480 yuan every month.

5. Generally speaking, there is no exact answer to an individual's social security payment for one year, but it is determined by multiple factors, such as the mode of participation, payment grade, payment base, local payment standard, local average social wage and so on.

6. It should be noted that although the social security expenses of urban and rural residents are low, the treatment is far lower than that of employees' social security. In addition, China's pension is "pay more and get more", so the higher the payment grade/base, the longer the payment time, and the more pensions will be received after retirement.