What does the contribution base mean?

Contribution base usually refers to the basic base of the insured person's social insurance contribution, which is between 60% and 300% of the average social wage. The contribution base is generally calculated as follows: the contribution base is multiplied by the contribution rate, which is the amount of insurance premiums that the insured person needs to pay. The contribution base is usually the basis for the proportional contribution of the insured.

The contribution base is used to determine the standard of individual and in-place social security contributions. The contribution base is the basic base for the insured to pay social insurance, between 60% and 300% of the average social wage. The contribution base multiplied by the contribution rate is the amount you should pay for insurance.

The contribution base is the basis for the proportional contribution of the insured. For a company, the contribution base is the total salary of all the company's employees; for an individual, the contribution base is the individual's monthly salary. Generally, the contribution base is based on one's salary income in the previous year. Every year the social security will be in a fixed time (March or July, different places) approved base, according to the employee's average monthly salary of the previous year to declare a new base, you need to prepare the payroll these certificates.