How to get the money out of social security

Mondo Social Updated on 2024-01-30

Social security is a long-term accumulation of security, in order to ensure the safety and sustainability of social security funds, according to relevant regulations, individuals in the social security account funds can not be withdrawn at will. However, under certain circumstances, such as settling abroad, death, retirement, etc., you can go through the liquidation procedures of the social security account and withdraw part of the funds in the personal account.

If you want to give up your social security and withdraw your funds, please follow these steps:

1.Understand the withdrawal conditions: Before clearing your social security account, please understand the withdrawal policy in your area to ensure that you are eligible for withdrawal. Withdrawal policies may vary from region to region and for different groups, so it is recommended that you consult your local social security department or log on to the official ** to check the relevant information.

2.Prepare materials: According to the withdrawal policy, prepare the required supporting materials, such as ID card, household registration book, bank card, etc. In addition, it is also necessary to prepare supporting documents related to the reason for withdrawal, such as a certificate of residence abroad, death certificate, retirement, etc.

3.Submit the application: Bring the prepared materials to the local social security department to go through the social security account clearing procedures. The staff will take care of the formalities for you and let you know how long you will have to wait.

4.Review & Payment: After you submit your application, your application will be reviewed by the Social Security Department. Once approved, you will receive a payment notification from the Social Security Department. In that case, please bring your bank card to the designated bank branch for withdrawal.

In addition, giving up social security may affect your future pension, medical and other protection, please fully understand the relevant policies before deciding to give up social security, and consider carefully. If you are eligible, you can choose to continue to participate in social security as a flexible employee in order to enjoy the relevant protection.

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