2020 individual social security payment reduction and exemption

2020 individual social security payment reduction and exemption

Because of the impact of the epidemic, in order to reduce the burden on enterprises and support enterprises to resume work and production, the state has introduced a social security payment reduction policy. So what is the personal social security contribution reduction and exemption policy in 2020?

1. Individual industrial and commercial households with employees who participate in three social insurances by units will continue to enjoy the policy of unit payment reduction and holdover according to the enterprise method.

(1) All provinces (except Hubei Province) will extend the implementation time of the policy of halving the contributions of three social insurance units for large enterprises and other insured units (excluding government agencies and institutions, the same below) to the end of June 2020.

(2) Hubei Province will continue to implement the policy of exempting large enterprises and other insured units from paying three social insurances until the end of June 2020.

2. Individual industrial and commercial households and all kinds of flexible employees who participate in the basic old-age insurance for enterprise employees in their personal capacity may voluntarily defer payment if it is really difficult to pay the basic old-age insurance premium in 2020. Payment can be continued in 202 1 year, and the payment period is calculated cumulatively; In the unpaid month of 2020, the payment can be made before the end of 20021,and the payment base can be selected within the upper and lower limits of the local individual payment base of 202 1.