How much does Beijing need to pay for self funded social security a year? Is it cost-effective to pa

In China, social insurance is an important part of the social security system, which occupies a core position in the whole social security system. In addition, social insurance is a kind of contributory social security. How much does Beijing need to pay for self funded social security a year? Is it cost-effective to pay social security yourself?

the minimum base of social security refers to that if the wage income of employees is lower than 60% of the arithmetic mean of the monthly average wage of on-the-job employees of the province and city in the previous year, 60% of the arithmetic mean of the monthly average wage of on-the-job employees of the province and city in the previous year is the payment base.

For example (the payment proportion varies slightly from place to place, for reference only):

Pension insurance units pay 20% and individuals pay 8%, for example: individual salary 1500 * 0.08 = 120.

6% for medical units and 2% for individuals, e.g. individual salary 1500 * 0.02 = 30.

2% for unemployed units and 1% for individuals, e.g. individual salary 1500 * 0.01 = 15.

0.08% of work-related injury units and individuals do not have to pay

0.5% of the birth units and individuals do not have to pay

The local minimum payment base needs to consult the local social security bureau, and their reply shall prevail.