Deposit pension and pay social security, in the end which is cost-effective

First, first from a few interest rates to analyze,

Social insurance, the basic pension insurance for urban workers, including institutions and enterprises employees basic pension insurance, personal account bookkeeping interest rate of 8.31 %.

Second, save money

We take the 2017 People's Bank of China benchmark interest rate as an example, the three-year personal whole deposit to fight for the time deposit interest rate of about 2.75%, the demand deposit interest rate is only about 0.35%, in addition to taking into account the fact that some of our friends may choose to choose the bank's financial products. According to the survey, the major banks launched a more robust personal finance products, the annualized yield of 3.3% to 4.65% between! Everyone also knows for sure that the higher the interest rate, the higher the rate of return! Then from the bookkeeping interest rate to calculate, this bureau to pay social = will insurance is better.

Third, from the return value

The impact of the pension has so many factors, the employee's contribution time, the contribution base of the years high and low, the employee's retirement in the last year the average salary of on-the-job workers, pension insurance personal account savings, from the above factors to access, first of all, the pension and the previous year's average on-the-job salary is linked to the pension from this point can be seen in the treatment of the pension! Payment, must be subject to inflationary factors! Ri Jin prices year after year soaring growth, wages rise year after year, pension treatment must also be proper no problem. The general company to pay social security needs 3 to 5 years to return to the capital, personal payment of flexible employment social security needs 6 to 13 years to return to the capital, here counts the interest of 5.5% per year. Then, if you are saving money is a dead number increase, because the bank is based on interest or annualized rate of return, value-added words than inflation, do you think?

Fourth, on the annual pension adjustment mechanism

This year has been the thirteenth consecutive increase in retired workers, every year, and is expected to continue to rise. Deposit is the amount of money deposited in the bank account, is calculated on the interest or financial products to generate income! And when it comes to financial management, there is certainly risk, nothing growth mechanism, this round of saving money for retirement is still not optimistic. The difference between pension insurance and saving money is that pension insurance is issued on a monthly basis and cannot be withdrawn in its entirety at one time, while saving money can be withdrawn in its entirety at one time. In addition, the pension insurance has what heating subsidies, funeral benefits, medical treatment and so on, social insurance is particularly important.

Saying this, I think that the payment of social security is properly more cost-effective, the key lies in how you choose.