Advantages and disadvantages of social security

One is to provide living security in old age, physical decline and loss of working ability. After paying the old-age insurance, you don't have to pay it again when you reach a certain age, and you can start receiving a monthly pension. Paying for basic necessities with pension can enjoy a more comfortable old age;

Second, provide daily life and life security. Medical insurance, maternity insurance and industrial injury insurance will all play a great role in the event of accidents, which can be said to be life support. Unemployment insurance and housing accumulation fund provide living security for the unemployed and help them live and live;

Third, in some big cities, social security is related to the qualifications of buying a house, settling down and buying a car. If you don't pay social security, you won't be qualified to buy a house, you won't be able to get an account, and you won't be able to participate in buying a car.

Fourth, employee social security, withholding social security when paying wages will reduce the payment of personal income tax. The national individual income tax policy stipulates that employee social security can be withheld and remitted before tax payment. After withholding and remitting the part that social security individuals should pay, the personal tax base will be reduced, and the personal income tax to be paid will also be reduced.