What is the CPF social security standard

What we generally call salary level refers to pre-tax salary, but after deducting social security, provident fund and personal tax, the cash in hand is much less. After you pay your salary every month, have you ever taken a good look at your paycheck? You'll be able to find out what you're looking for in the way of money, and you'll be able to find out what you're looking for.

I, social security (five insurance)

I believe that many people are not very understanding of their paychecks, and even some people do not care. But in fact to figure out these very important, the company paid you more or less about the interests of the individual, if you find anomalies to timely response or rights.

The analysts took Beijing as an example to see how social security, provident fund and personal tax are deducted.

Note:

1, in the individual contribution part of the medical insurance, 2% is the basic medical insurance part of the annual reimbursement limit of 100,000 yuan, if you pay an additional 3 yuan per month for the major medical co-ordination insurance, the annual reimbursement limit of 300,000 yuan.

2. In the personal contribution part of the unemployment insurance, the contribution rate is 0.2% if you are an urban household, and you don't have to pay if you are a rural household.

Some people do not quite understand the upper limit and lower limit of the contribution base, here to explain, the average monthly salary level of Beijing workers in 2014 is 6463 yuan, if your monthly salary is lower than 6463 × 40% = 2585.2 yuan, then the contribution base of the pension insurance and unemployment insurance according to the calculation of 2585.2 yuan, if your monthly salary is higher than 6463 × 3 = 19092 yuan If your monthly salary is in between, the contribution base is calculated according to your personal salary.

Two, housing provident fund

According to a document from the Beijing Municipal Housing Provident Fund Management Committee, the housing provident fund contribution ratio for the 2015 housing provident fund year (July 1, 2015 to June 30, 2016) is 12 percent.

The monthly contribution ceiling for the 2015 CPF is 4,654 yuan, with both employee and unit monthly contributions capped at 2,327 yuan, meaning that even if you earn 30,000 yuan a month, you can only contribute a maximum of 2,327 yuan for the unit and 2,327 yuan for the individual, respectively.

The lower limit of the monthly contribution base for provident fund in 2015 is 1,720 yuan, the minimum wage in Beijing, which means that if your monthly salary is 1,500 yuan, the base for provident fund contribution will be 1,720 yuan.

In addition, the lower limit for a unit to apply for a reduction in the percentage of housing fund contribution is in principle not less than 8 percent. In other words, if a unit is suffering from poor business and declining profits, it is possible to apply for a downward adjustment of the housing provident fund contribution ratio from 12 percent to 8 percent.

Third, what is the impact on individuals when a company lowers its contribution base?

Some less formal companies, in order to reduce the burden or tax avoidance, usually calculate the individual contribution base is very low, such as according to the minimum standard to contribute, this will not harm the interests of employees?

The analysts tell us that the answer is yes.

First of all, the main impact in terms of social security is the receipt of pensions after retirement, the lower the contribution, the less the pension received;

Secondly, the provident fund is less, will directly affect the purchase of a home loan limit, and the individual and unit contributions to the part of the Housing Provident Fund account, which is actually all the money belonging to the employee, the unit less how much you will lose;

Thirdly, less tax is reasonably good for employees, but some areas require tax experience or personal tax to reach a certain starting point to enjoy certain services or policy benefits, such as children's schooling, buying a house in a city of limited purchases to buy a car, etc., so do not pay or pay less may not be a good thing.

Extended reading: insurance how to buy, which is good, hand to teach you to avoid the insurance of these "pits"