What is the upper limit of Suzhou provident fund base?

The upper limit of Suzhou provident fund base depends on the proportion of local average wage, which is currently 13962 yuan/month. The part exceeding this amount is not included in the scope of provident fund payment.

The upper limit of Suzhou provident fund base refers to the upper limit of the payment base calculated according to a certain proportion when paying the provident fund. According to the relevant regulations of the state, starting from 20 15, Suzhou will limit the payment base to three times the average monthly salary of local employees to ensure the living needs of low-and middle-income people. By 2022, the upper limit of Suzhou provident fund base will be 13962 yuan/month. Provident fund is a social insurance system jointly paid by employees and employers, which aims to help employees save housing funds and alleviate housing pressure. The contribution ratio of employees and employers to the provident fund is 1: 1, and the contribution base is based on the pre-tax salary. The part exceeding the upper limit of the local provident fund base is not included in the scope of provident fund deposit, that is to say, the part exceeding this amount will not increase the balance of the provident fund account. It should be noted that the upper limit of the provident fund base is not as high as possible. Exceeding the upper limit of the base will not increase the balance of the provident fund account, but it will also pay the relevant social security fees, and it will also affect the personal income tax of employees.

Can the upper limit of provident fund base be adjusted by itself? The upper limit of the provident fund base is based on the local average wage level and cannot be adjusted by itself. If you want to optimize the payment of provident fund, you can consider choosing a suitable payment base to achieve the purpose of optimizing payment.

The upper limit of Suzhou provident fund base is the upper limit of payment base calculated according to a certain proportion, which is currently 13962 yuan/month. The part exceeding this amount is not included in the scope of provident fund payment. It should be noted that the upper limit of the base cannot be adjusted by itself.

Legal basis:

Regulations on the administration of housing provident fund

Article 16 The monthly deposit amount of employee housing provident fund shall be the average monthly salary of the employee in the previous year multiplied by the deposit ratio of employee housing provident fund. The monthly deposit amount of housing provident fund paid by the unit for employees is the average monthly salary of employees in the previous year multiplied by the proportion of housing provident fund paid by the unit.

Seventeenth new employees began to pay the housing provident fund from the second month of work, and the monthly deposit amount was the employee's own salary multiplied by the employee's housing provident fund deposit ratio. The newly transferred employees of the unit shall pay the housing provident fund from the date when the transferred employees pay their wages, and the monthly deposit amount shall be the employee's monthly salary multiplied by the employee's housing provident fund deposit ratio.

Eighteenth employees and units housing provident fund deposit ratio shall not be less than 5% of the average monthly salary of employees in the previous year; Conditional cities can appropriately increase the deposit ratio. The specific deposit ratio shall be drawn up by the Housing Provident Fund Management Committee and submitted to the people's governments of provinces, autonomous regions and municipalities directly under the Central Government for approval after being audited by the people's governments at the corresponding levels. Article 19 The housing accumulation fund paid by individual employees shall be withheld and remitted from their wages by their units. The unit shall remit the housing provident fund paid by the unit and remitted for the employees to the housing provident fund account within 5 days from the date of monthly payment of employees' wages, and the entrusted bank shall include it in the employee housing provident fund account.