I don't work in a factory. Can I pay social security by myself?

If you don't work in a factory, you can pay social security yourself.

You can continue to pay your own social security, but the cost will be more than when you are on the job, because when you are on the job, social security is part of your payment, and the company will pay you another part. After you pay for it yourself, you have to pay the full amount. However, if it turns out to be five insurances and one gold, unemployment, maternity, work injury and provident fund will not be paid if they are converted into individual contributions. Only basic old-age care and medical care can be paid, or individuals can pay in full, which is the part that should be paid by the unit.

Old-age insurance includes the following types of insurance:

1, basic old-age insurance for urban workers, which refers to a kind of social insurance that the state raises funds through various channels through legislation to give certain economic compensation to workers when they reduce or lose their labor income in their old age, so that the insured can enjoy basic living security;

2. Social endowment insurance for urban residents. The endowment insurance fund for urban residents is mainly composed of individual contributions and government subsidies, which is suitable for urban residents who have not participated in the work or the basic endowment insurance for employees;

3. New rural endowment insurance. Farmers who participate in the new rural endowment insurance can enjoy pension benefits when they reach the age of 60, which is an important guarantee system for farmers' pension.

The role of social security:

1, the more individuals pay, the more investment the unit will give you. The payment of five insurances and one gold is the same base, and the proportion of units and individuals is different. The unit pays about twice as much as the individual.

2. The payment of social security accumulation fund is tax-free, not only personal income tax is not deducted when paying, but also personal income tax is not deducted when receiving benefits, and interest tax is not deducted from special accounts; If you pay me, you need to withhold personal income tax, and if you deposit it in the bank, there will be interest tax.

3. Pay the old-age insurance to reach the minimum age. After reaching the statutory retirement age, you can apply for retirement and receive a monthly pension. Pension can be received until death. With the improvement of social living standards, it will only increase rather than decrease, and the amount of capital increase will be adjusted every year, which can ensure the stability and reliability of old age life.

4. Paying medical insurance can get medical insurance reimbursement; If the accumulated contributions on the job reach the minimum number of years, you can enjoy medical insurance benefits higher than on-the-job reimbursement without continuing to pay basic medical expenses after retirement.

5. Payment of maternity insurance can reimburse the expenses of prenatal examination, family planning operation and delivery operation. Moreover, the maternity insurance premium is entirely borne by the unit.

6. Payment of unemployment insurance benefits You can get unemployment insurance benefits and other subsidies when you are unemployed. Unemployment insurance is a kind of policy insurance, which is usually not available in commercial insurance companies.

7. Pay work-related injury insurance, and you can get compensation in case of work-related accidents or occupational diseases. You are not afraid of 10 thousand yuan, but you are afraid of one thousand, especially some major accidents. Don't worry about small companies delaying payment. Moreover, the work-related injury insurance premium is entirely borne by the unit.

8. Paying the housing provident fund is equivalent to the unit depositing a tax-free income in proportion to you, which can be used for housing-related purposes. If you don't use it up at work, you can take it out once after retirement; In addition, the housing provident fund loan interest rate is lower than that of commercial loans.

To sum up, you can continue to pay social security yourself, but the cost will be more than when you are on the job, because when you are on the job, social security is part of your payment, and the company will pay you another part. After you pay for it yourself, you have to pay the full amount. However, if it turns out to be five insurances and one gold, unemployment, maternity, work injury and provident fund will not be paid if they are converted into individual contributions. Only basic old-age care and medical care can be paid, or individuals can pay in full, which is the part that should be paid by the unit.

Legal basis:

Article 2 of People's Republic of China (PRC) Social Insurance Law

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