What is the minimum base for paying five insurances and one gold?

The minimum payment standard for five insurances and one gold is not less than 60% of the average social wage.

The minimum payment standard for five insurances and one gold is not less than 60% of the average social wage. The social security base will be approved regularly every year. If the wage income of employees is higher than 300% of the local average wage of employees in the previous year, 300% of the local average wage of employees in the previous year will be the payment base. If the wage income of employees is lower than 60% of the local average wage of employees in the previous year, the payment base shall be 60% of the local average wage of employees in the previous year. The employing unit shall declare itself and pay social insurance premiums in full and on time, and shall not postpone or reduce the payment except for legal reasons such as force majeure.

The process of handling five insurances and one gold includes:

1, social security, provident fund account opening;

2. Increase or decrease personnel. Every month, the company will add new employees to the company's five insurance and one gold account and delete the employees who have left the company from the account;

3. Confirm the payment base. The unit needs to declare the correct payment base of five insurances and one gold for employees every month to ensure the normal payment of five insurances and one gold;

4. Five insurances and one gold payment. Enterprises, banks, social security/provident fund management institutions sign bank payment agreements, and directly deduct five insurances and one gold fee from the enterprise bank account at a fixed time every month.

I hope the above content can help you. Please consult a professional lawyer if you have any other questions.

Legal basis: Article 2 of People's Republic of China (PRC) Social Insurance Law.

The state establishes social insurance systems such as basic old-age insurance, basic medical insurance, industrial injury insurance, unemployment insurance and maternity insurance, so as to guarantee citizens' right to receive material assistance from the state and society in accordance with the law when they are old, sick, injured, unemployed and have children.

Article 10 of People's Republic of China (PRC) Social Insurance Law

Employees shall participate in the basic old-age insurance, and the employer and employees shall jointly pay the basic old-age insurance premium.

Individual industrial and commercial households without employees, part-time employees who have not participated in the basic old-age insurance in the employer and other flexible employees can participate in the basic old-age insurance, and individuals pay the basic old-age insurance premium.

The measures for the endowment insurance of civil servants and staff managed by reference to the Civil Service Law shall be formulated by the State Council.