What does a social insurance fund do?
A social insurance fund provides social security for you as a self-employed person. The fund transfers your quarterly contributions to the government and provides additional advice throughout your entire career as an entrepreneur. In this way, you can be assured of the best support and that you make the most of your social rights.
When should you join a social insurance fund?
You join before starting your new company’s activities. Whether you start out as a sole proprietorship or set up a company: you must join a social insurance fund to administer and settle your social security contributions.
Important: you only pay social security contributions once you start your business. So you don’t need to be afraid of having to pay right away, if you sign up with a fund before starting your business.
You can join as early as six months before the official establishment of your business. It’s therefore best to take care of this in good time: the penalties for late joining increase considerably
Who must join?
Every self-employed person (both as main and secondary occupation) must join a social insurance fund. The same obligation also applies to assisting spouses, helpers and working partners.
There are exceptions to this rule. For example, the following professional groups and categories are exempt from joining a social insurance fund:
- Journalists and press correspondents
- Persons with a mandate in a public authority, professional body or trade union
- Someone with an unpaid mandate in a company
Do you have any questions hereon?
Ask us and we will provide you with answers. That way, you can be completely sure whether you need to join or not.
What benefits can you expect?
What exactly happens after you have joined a social insurance fund and started your business? First of all, it’s time to do business, of course!
After that, you pay social security contributions via the social insurance fund on a quarterly basis.
In return, you are assured of your social rights, just as salaried workers are. Incidentally, starting entrepreneurs are eligible for an adapted statutory minimum contribution.
Join Securex
Do you have concrete plans for your own business? Make it easy for yourself and join the Securex Social Insurance Fund now.
