Ali five insurance and gold how to pay

Ali preparation employees according to the payroll as a base to deduct five insurance and one gold, depending on the salary as well as the contribution grade to pay. Five insurance refers to five kinds of insurance, including pension insurance, medical insurance, unemployment insurance, industrial injury insurance and maternity insurance, that is, usually said the social security, a gold refers to the housing fund. The number of contributions for each insurance is as follows:

1. Pension insurance: the unit pays 20% of the base, and the individual withholds 8% of the base;

2. Unemployment insurance: the unit pays 1.5% of the base, and the individual withholds 0.5% of the base, and the migrant workers do not pay individually;

3. Worker's compensation insurance: the withholding ratio varies depending on the nature of the unit, and the percentage of contribution varies in the case of a wholly foreign-owned enterprise. Wholly Foreign Owned Enterprises (WFOEs), for example, pay 1% of the base, and individuals do not pay;

4. Maternity Insurance: Employee Units pay 0.8% of the base, and individuals do not pay;

5. Medical Care: Units pay 9% of the base of basic medical care + 1%, and individuals withhold 2%;

6. Housing Provident Funds: Units and individuals pay 8% of the base, and if the unit is in good condition, it can apply for an increase to 10%. Good can apply for an increase to 10%.

Five insurance premiums paid by enterprises and individuals *** with the premiums, industrial injury insurance and maternity insurance is borne entirely by the enterprise, individuals do not need to pay. It is important to note here that five insurance is legal, while one gold is not legal. Because maternity insurance is not covered by everyone, many people use the term four insurance and one gold instead of five insurance and one gold. Five insurance and one gold refers to the collective name of several kinds of security benefits given to workers by employers, and individual working employees should contribute to the housing fund in accordance with the regulations. Enterprises do not pay five insurance and one gold to the workers, there will be a very big loss for the workers.

Legal Basis

Article 2 of the Social Insurance Law of the People's Republic of China (PRC) The State establishes a social insurance system for basic pension insurance, basic medical insurance, industrial injury insurance, unemployment insurance, maternity insurance, and other social insurance systems, to safeguard the right of citizens to obtain material assistance from the State and society in accordance with the law in the event of old age, sickness, industrial injury, unemployment, childbirth, etc. The State shall also ensure that citizens have the right to obtain material assistance from the State and society. The right to material assistance from the State and society in cases of old age, sickness, industrial injury, unemployment and maternity. Article 4 Employing units and individuals within the territory of the People's Republic of China*** and the State pay social insurance premiums in accordance with the law, and have the right to inquire about the records of payment of premiums and the rights and interests of individuals, and to request that the social insurance administration organizations provide social insurance advice and other relevant services. Individuals enjoy social insurance benefits in accordance with the law, and have the right to supervise the unit for their contributions.