What is the relationship between salary and social security?

What is the relationship between salary and social security?

The social security base is directly linked to wages. The calculation method of social security base is: if the salary is lower than the lower limit of social security, it will be paid according to the lower limit. If it is higher than the lower limit, it will be paid according to the actual average salary of the previous year. The salary of new employees is based on the first month; The social security base of old employees was adjusted to the average monthly salary of the previous year. If the salary is lower than or higher than the local minimum or maximum social security base, the minimum or maximum social security base shall be used as the payment base.

The following is the specific calculation method of social security contributions.

1. Old-age insurance: the unit pays 22% of the total wages of employees and the individual pays 8%.

2. Medical insurance: if the payment ratio is 9.5%, the unit will pay 7.5% and the individual will pay 2%.

3. Work-related injury insurance: All work-related injury insurance is paid by the unit, and the payment ratio can be 60% of the social security base or 100%.

4. Maternity insurance: All maternity insurance is paid by the unit, and the payment ratio is generally 6%.

5. Unemployment insurance: you can pay 3% of 60% social security base or 3% of 100 USD social security base.

Is the payment base salary?

The social security payment base is not equal to the total wages, but it is related to the total wages.

The social insurance payment base, also known as the social insurance payment base, is the basis for the insured units and personnel to pay social insurance premiums. Social insurance payment base × payment ratio = social insurance premium payable.

Total wages refer to the total amount of labor remuneration paid directly by each unit to all employees of the unit within a certain period of time. The total salary consists of six parts: hourly salary; Piece rate; Bonus; Allowances and subsidies; Overtime pay; Wages paid under special circumstances, etc.

In the relationship between social security payment and total wages, social security should be paid according to the actual income of employees. If the wages of employees are lower than 60% of the local social average wage, they shall be paid at 60% of the social average wage, and if they are higher than 300%, they shall be paid at 300% of the social average wage. In between, we should compare whether the average social wage is lower or higher than 60% or 300% of the average social wage. if

What is the relationship between salary and social security? The social security base is directly linked to wages, and the proportion of various types of insurance in the total personal wages is different, that is to say, the higher the wages, the higher the social security fees paid, but please note that the social security base is not wages. What is this? Let us find out for ourselves. Goodbye.