One-time (lump-sum) social insurance service in Vietnam

Instead of waiting to pay the prescribed number of years to enjoy a pension, many employees choose to pay social insurance once. However, not everyone knows the procedure for withdrawing social insurance in one time. Please follow the article below of Viet An tax agent related to one-time social insurance services in Vietnam for more useful information.

What is one-time social insurance

One-time social insurance is a regime prescribed by the State to support compulsory insurance participants when in need if they meet all the conditions to pay one-time social insurance. This is a way for employees to use the insurance amount according to their wishes instead of reaching old age to enjoy a monthly pension.

Conditions for one-time withdrawal of social insurance

The Law on Social Insurance (amended) was approved by the National Assembly at the 7th Session of the 15th National Assembly, whereby, the regulations on employees being entitled to withdraw social insurance once have a number of adjustments. Specifically, the conditions for being paid one-time social insurance:

• Employees who are subject to paying social insurance premiums before July 1, 2025 (before the effective date of the Law on Social Insurance).
• Subject to termination of participation in compulsory social insurance.
• After 12 months, the employee does not participate in compulsory social insurance and does not participate in voluntary social insurance.
• Having participated in social insurance for less than 20 years.
• There is a proposal to enjoy one-time social insurance.

For those participating in social insurance from July 1, 2025 onwards, it is still possible to withdraw one-time social insurance in some special cases as follows:

• Have reached retirement age but have not paid for full 15 years.
• Going abroad to settle down.
• Suffering from serious diseases such as: Cancer, polio, decompensated cirrhosis, severe tuberculosis, AIDS.
• Persons with a working capacity decrease of 81% or more according to the assessment of the Ministry of Health.

Learn about one-time social insurance services

Due to the increasing demand for one-time social insurance payment of employees, not everyone has enough knowledge to register for one-time social insurance on their own. There are many people who are entangled in the preparation of documents in accordance with regulations, causing time to be wasted.

Therefore, the one-time social insurance service of Viet An tax agent was born to serve and solve the above difficulties. With experienced financial and accounting experts, we promise to provide customers who need a fast and accurate one-time social insurance payment service at an affordable cost.

Benefits of using one-time social insurance services

In order to carry out the procedure for receiving one-time social insurance money, each individual needs to carry out quite a lot of administrative procedures according to the regulations of the Social Insurance agency. Therefore, when using the one-time Social Insurance service from Viet An tax agent, all your difficulties will be solved:

• Instructions for detailed steps to register for one-time social insurance payment.
• Advice on how to calculate the amount of money that will be enjoyed when withdrawing one-time social insurance.
• Advising on beneficial cases around the actual social insurance participation of customers.

How to calculate the one-time social insurance entitlement

According to the provisions of Clause 2, Article 60 of the Law on Social Insurance 2014, the one-time social insurance entitlement is calculated according to the number of years for which social insurance has been paid, each year is calculated as follows:

• 5 months of the average monthly salary on which social insurance premiums are based for the years of payment before 2014;
• 02 months of the average monthly salary on which social insurance premiums are based for the years of payment from 2014 onwards;

In case the period of paying social insurance premiums is less than one year, the level of social insurance entitlement is equal to the paid amount, the maximum level is equal to 02 months of the average monthly salary on which social insurance premiums are based. The one-time social insurance entitlement does not include the amount of money the State supports voluntary social insurance payment as prescribed (except for people suffering from life-threatening diseases).

How do employees receive one-time social insurance payments?

You can choose to receive one-time social insurance money directly at the social insurance agency or through public postal services, via bank accounts (if any). Note:

• If you choose the method of receiving money directly, you need to bring the following accompanying documents: Appointment letter with citizen ID to support social insurance payment according to regulations.
• Those who register to receive social insurance money via bank card: The social insurance agency will be responsible for transferring the benefit money directly through the registered account number.
• For the case of receiving authorization to enjoy one-time social insurance for another person, when going to the social insurance agency – the place where the application is accepted, you need to prepare: Power of attorney according to form No. 13 – HSB, ID Card, when receiving money, you need to sign the payment list to complete the procedure.

Above is all information related to the one-time social insurance service in Vietnam of Viet An tax agent. Please contact us via the hotline if you need to make a one-time social insurance payment!