In-depth interpretation: How old is the best age for employees and individuals to pay social security?

In-depth interpretation: How old is the best age for employees and individuals to pay social security?

China's old-age insurance system is based on the incentive policy of "pay more, pay more for a long time", but for many freelancers, paying social security fees will undoubtedly bring a kind of pressure to their lives. Failure to pay means that even basic welfare protection will not be available after retirement.

This means that they can't even get basic benefits after retirement.

Today we are going to talk about the issue of paying social security by ourselves. When is the best age to start paying, and 20 or 30 years old is the "best" age to start paying.

Obviously, there are two answers.

Company payment, flexible employment.

Optimal age theory of non-unit payment

First of all, according to the provisions of the Social Insurance Law and the Labor Contract Law, workers have the legal obligation and responsibility to pay social insurance within 30 years from the date of establishing labor relations with employers.

Payment shall not be waived for any reason.

This is clearly stipulated in Article 72 of the Labor Law.

Employers and workers must participate in social insurance and pay social insurance premiums according to law.

Secondly, China's social insurance not only refers to the old-age insurance, but also includes unemployment insurance, basic medical insurance, maternity insurance and work-related injury insurance, which can only be fully guaranteed through the payment of employers.

Social insurance paid in the name of flexible employment is not full insurance, but pension and basic medical insurance.

Third, if it is paid by the employer, the expenses are shared by the employer and the individual, and the proportion of individual payment is very small.

As far as medical insurance is concerned, a certain proportion of personal contributions will be returned to personal accounts, which can be used for daily drug purchase or outpatient service.

Finally, people who work in other areas such as Beijing, Shanghai and Shenzhen can also enjoy regional policies with their own social insurance premiums, such as household registration, housing and car purchase.

Therefore, there is no optimal age for employers to pay.

It is the legal obligation of workers to participate in social insurance. Although the cost of taking a bite is high, the benefits are worth it.

Flexible employment, over 35 years old, under 45 years old is most suitable.

What is the best age for freelancers and self-employed people to pay? According to China's current retirement policy, that is, the pension treatment policy, it is first required to reach the legal retirement age, that is, women are 50 or 55 years old (this is because women who pay pension insurance through flexible employment in different regions require different retirement ages), and men are 45 years old.

The best payment age is 35 for women and 45 for men.

45 years old.

However, the earlier the payment, the lower the rate, the longer the payment time and the more pensions.

It should also be noted that if you participate in social insurance at this age, you can't receive a pension at the statutory retirement age unless you have participated in social insurance for at least 15 years before the statutory retirement age, which is not a one-day event.

How much pension can I get in this case? Please note that there are two kinds of pension payment accounts: comprehensive accounts and personal accounts. Not all accounts are owned by individuals due to employment flexibility, employer contributions and other reasons.

See below for more information.

Employer's contribution: 65438+ 06% of employer's contribution (all in the general account)+8% of individual contribution (all in the personal account); Flexible employment: 20% of individual contributions (12% of total accounts and 8% of individual accounts).

Another fact is that China's social insurance premiums can be paid from the age of 16.

In short, in the case of flexible employment, women need to be at least 40 years old and men need to be at least 45 years old to reach the minimum period of social insurance, but the earlier these people pay, the longer they will pay.

However, because employers and workers are legally obliged to pay social insurance premiums and enjoy other insurance benefits, institutions have no optimal life expectancy.