Shanghai Social Security Provident Fund Contribution Base

Shanghai Social Security Provident Fund Contribution Base = Average Monthly Salary of the previous year * Contribution Ratio * Contribution Base Upper Limit.

For example: the contribution base of Shanghai workers' housing provident fund in 2022 is the average monthly salary in 2021. The average salary in Shanghai in 2021 will be: RMB11,396/month. The maximum contribution base for housing provident fund and supplementary housing provident fund is not more than 34,188 yuan and the minimum is not less than 2,590 yuan. The maximum contribution base is: the contribution base of housing provident fund for Shanghai employees in 2022 is three times of the average monthly salary in 2021, i.e. 34,188 yuan.

The process of applying for a joint EPF card is usually as follows:

1. The contributing unit or individual goes to the local EPF management center to inquire about the process and conditions of applying for a joint EPF card;

2. Completing the application form for a joint EPF card, providing the original and copy of ID card, the original and copy of the bank card and other related materials;

3. The EPF Management Center reviews the application materials and verifies that the information is accurate;

4. After passing the review, the PF Management Center will notify the applicant to go to the designated bank counter to apply for the PF co-branded card;

5. When going to the bank counter to apply for the PF co-branded card, the applicant is required to provide the original ID card and photocopies, as well as the original bank card;

6. The bank staff will work for the applicant to apply for the joint CPF card and explain the relevant precautions.

In summary, the exact process may vary depending on factors such as region and bank, so please read the relevant regulations carefully before processing.

Legal basis:

Article 16 of the Regulations on the Administration of Housing Provident Funds

The monthly contribution to the employee's housing fund is the employee's own average monthly salary for the previous year multiplied by the employee's housing fund contribution ratio. The monthly contribution to the housing fund by the unit for the employee is the average monthly salary of the employee in the previous year multiplied by the ratio of the unit's contribution to the housing fund.