Payment standard of endowment insurance for individual industrial and commercial households

Individual industrial and commercial households endowment insurance payment standard is as follows:

1. The payment standard of endowment insurance for individual industrial and commercial households varies from region to region, and the specific payment standard needs to refer to local regulations. Generally speaking, the contribution rate of endowment insurance for individual industrial and commercial households is 20% of the average salary of local employees, of which individual industrial and commercial households need to pay 8% and employees pay 12%.

2. When choosing the payment standard, individual industrial and commercial households need to decide according to their own economic situation and pension planning. Individual industrial and commercial households can choose a higher payment standard if they want to get a higher pension income in their later years, but it should be noted that too high payment standard may cause a greater burden on their business and life.

3. In addition, the government will give certain preferential policies and subsidies to encourage individual industrial and commercial households to participate in endowment insurance, such as giving certain subsidies to individual industrial and commercial households to participate in the payment of endowment insurance.

The preferential policies and subsidies for individual industrial and commercial households' pension insurance payment targets are as follows:

1. state subsidy policy: the state gives certain social insurance subsidies to eligible individual industrial and commercial households. This subsidy is given after the actual annual social insurance premiums paid by urban and rural residents reach a certain standard.

2. Social security fee reduction and exemption policy: In order to reduce the social security burden of individual industrial and commercial households, the state has introduced a social security fee reduction and exemption policy. Under this policy, individual industrial and commercial households can enjoy the reduction of social security rates, thus reducing the burden of social security contributions.

3. Individual tax policy: Individual industrial and commercial households pay individual income tax on a monthly basis, but they can enjoy preferential tax threshold policies. According to state regulations, individuals with monthly income less than 5,000 yuan can be exempted from personal income tax.

To sum up, when individual industrial and commercial households choose the payment standard of endowment insurance, they need to comprehensively consider their own actual situation and pension planning, understand local laws and policies, and make better decisions.

Legal basis:

People's Republic of China (PRC) social insurance law

Article 10

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.