Shanghai provident fund contribution base ceiling

Shanghai provident fund contribution base cap is as follows:

1. The individual contribution ratio of provident fund is 12% of the base;

2. The unit contribution ratio of provident fund is 12% of the base.

The calculation of the base for social security contributions is as follows:

1. If the salary income of an employee is higher than 300% of the average salary of the local employees in the previous year, 300% of the average salary of the local employees in the previous year will be used as the base for contributions;

2. If the salary income of an employee is lower than 60% of the average salary of the local employees in the previous year, 60% of the average salary of the local employees in the previous year will be used as the contribution base;

3. If the employee's salary is between 300% and 60%, it will be declared according to the actual situation. When the employee's salary income cannot be determined, the contribution base is determined by the average salary of local employees in the previous year announced by the local labor administration department as the contribution salary.

Social security contribution rates are as follows:

1. Pension insurance

(1) unit contribution rate of 20%;

(2) individual contribution rate of 8%;

2. Medical insurance

(1) unit contribution rate of 9% +1%;

(2) individual contribution rate of 2% +3;

3. Unemployment insurance

This is the first time that an employee's salary is determined by the local labor administration department.

3. Unemployment Insurance

(1) the unit pays 1%;

(2) the individual pays 0.2% (Remarks: Agricultural households don't pay);

4. Maternity Insurance

(1) the unit pays 0.8%;

(2) the individual doesn't pay;

5. Workers' Compensation Insurance

5.

6. Provident Fund

(1) Unit contribution rate of 12%;

(2) Individual contribution rate of 12%.

In summary, the amount of social security contributions are different in each region, and the base is based on gross salary. The provident fund is based on the actual situation of the enterprise, the choice of housing fund contribution ratio. However, in principle, the maximum contribution shall not exceed 10% of the employee's average salary.

Legal basis:

Article 60 of the Social Insurance Law of the People's Republic of China

The employer shall declare and pay the social insurance premiums on its own, pay them in full and on time, and shall not suspend or reduce them except for force majeure and other legal reasons. The social insurance premiums to be paid by employees shall be withheld and paid on behalf of the employer, and the employer shall inform the individual of the details of the payment of social insurance premiums on a monthly basis.

Individual entrepreneurs without employees, part-time workers who do not participate in social insurance with their employers, and other flexibly employed persons may pay social insurance premiums directly to the social insurance premium collection organization.