How to calculate the late payment fee paid by Shenzhen social security

Regular companies will buy insurance for employees, but when paying premiums, many of them fail to pay within the specified time because of forgetting or other reasons, resulting in late fees. I. How to calculate the social security late payment fee According to the regulations, starting from 20 1 1 year, the social insurance fee owed to the employer will be charged a late payment fee of 0.5% per day according to the amount owed, and the annual interest rate of cost performance is 18.25%, which can be said to be quite high. In addition, to pay back the old-age insurance, in addition to the principal, but also interest. After 20 16, the interest of pension will be increased to more than 8%. For example, if you want to pay back the endowment insurance for 20 14 to 20 18 years, the original principal is 34 195.8 yuan, but in addition to this money, you have to pay back the interest of 229 1.24 yuan and the late payment fee of 28,766.84 yuan. The interest paid can be returned to the account of the insured, but the late payment fee will not. Second, what is the process of social security payment? The regulations in different places are not completely consistent. The following are the general provisions on supplementary social security procedures. If an individual handles "five insurances and one gold", unemployment, maternity and work-related injuries will not exist during the period of breaking off diplomatic relations, because these three items are all borne by the unit. What needs to be returned is medical endowment insurance. Because the deposit base of this "second insurance" has been adjusted, it should be returned as soon as possible. Endowment insurance can be paid according to economic conditions, and it is best to do medical insurance before July 1. 1. At present, if you pay social security at the place where your account is located, you can choose to pay it back or not. If it is not the social security paid by household registration, it cannot be paid. 2. Self-payment is a part of the total amount paid by individuals and units themselves, and the company continues to pay, as long as the part paid by individuals has been paid. If the social security is cut off in the middle and not paid, the social security payment period will be less, which will directly affect the future pension. You can choose to renew it by the company. 3. Only when the minimum payment period stipulated by social security has accumulated to 15 years can you receive a pension at retirement age. 3. Is there a time limit for social security payment? 1. No time limit for social security payment: According to Article 58 of the Social Insurance Law, the employer shall apply to the social insurance agency for social insurance registration for its employees within 30 days from the date of employment. If the social insurance has not been registered, the social insurance agency shall verify the social insurance premium it should pay. Article 63 If an employer fails to pay social insurance premiums in full and on time, the social insurance premium collection agency shall order it to pay or make up within a time limit. 2. Under normal circumstances, the time limit for paying back insurance depends on the social insurance premium collection institutions and enterprises. Social security payment means that social security is not paid normally for several months for some reason, and then the social security for these months is paid back. Generally speaking, when people want to buy a house, settle down or retire, etc. They found that the accumulated payment time of social security did not meet the requirements of enjoying the corresponding treatment, and they needed to pay back the unpaid social security last month to ensure that they could enjoy the corresponding social security rights and interests. To sum up, the calculation of social security payment of late fees is to multiply the total payment of various types of insurance by the number of overdue days multiplied by five ten thousandths, of which the number of days starts from the second day of the following month.

Legal objectivity:

Article 86 of the Social Insurance Law of People's Republic of China (PRC) stipulates that if the employer fails to pay the social insurance premium in full and on time, the social insurance premium collection agency shall order it to pay or make up within a time limit, and from the date of default, an overdue fine of five ten thousandths shall be charged on a daily basis; Failing to pay within the time limit, the relevant administrative departments shall impose a fine of more than one time and less than three times the amount owed.