Self-employed individuals may have the following disadvantages when purchasing social security:

1. Heavy expense burden: Compared with working in a company, the company and individuals bear the social security expenses, and the self-employed individuals need to bear the social security expenses in full, which undoubtedly increases their economic burden. For self-employed individuals with relatively weak financial strength, they may face certain pressure.

2. Social security benefits may be limited: since the payment base and proportion of self-employed individuals may be low, their social security benefits may also be reduced accordingly. For example, in medical insurance, the proportion and scope of reimbursement may be limited.

3. complicated procedures: self-employed individuals need to go to social security agencies to declare and pay their own fees when handling social security. compared with centralized handling when working in the company, self-employed individuals may need to spend more time and energy to handle relevant procedures.

4. Lack of awareness of social security: Some self-employed individuals may be too busy with their business and have insufficient understanding of the importance of social security, resulting in missing or withholding social security, thus affecting their social security rights and interests.

materials required for social security payment:

1. Personal ID card and its copy.

2. A copy of the first page of the household registration book and my profile page.

3. Certificate of employment.

4. My latest payment voucher.

to sum up, the materials required for social security payment mainly include personal ID card and its photocopy, photocopies of the first page of the household registration book and my information page, proof of employment and my latest payment voucher, etc. When handling social security payment, you need to prepare these materials and handle them according to the prescribed procedures.

Legal basis:

Article 16 of the Social Insurance Law of the People's Republic of China

Individuals who have participated in the basic old-age insurance will receive the basic old-age pension on a monthly basis if they have paid the accumulated contributions for fifteen years when they reach the statutory retirement age.

individuals who have participated in the basic old-age insurance and have paid less than fifteen years when they reach the statutory retirement age can pay for it until they have reached fifteen years and receive the basic pension on a monthly basis; Can also be transferred to the new rural social endowment insurance or urban residents' social endowment insurance, enjoy the corresponding pension insurance benefits in accordance with the provisions of the State Council.

Article 17

If an individual who participates in the basic old-age insurance dies due to illness or non-work-related, his survivors can receive funeral subsidies and pensions; Those who have completely lost their ability to work due to illness or non-work-related disability before reaching the statutory retirement age can receive disability allowance. The required funds are paid from the basic old-age insurance fund.