How to calculate the base of social security payment in Shanghai

The calculation method of Shanghai social security payment base is determined according to the average monthly salary of individuals in the previous year, and at the same time, it is necessary to refer to the upper and lower limits of the social security payment base published by Shanghai.

In March 2024, the amount of social security and provident fund paid by individuals in Shanghai was 897.55 yuan, including 767.55 yuan for social security and 130 yuan. The lower limit of social security payment base is 73 10 yuan, and the upper limit is 36,549 yuan. The determination of social security payment base in Shanghai is based on individual wage level, which is limited by the upper and lower limits of social security payment base announced by Shanghai every year. Individuals and units shall calculate the social insurance premiums payable according to this base and the corresponding payment ratio.

Shanghai social security contribution ratio:

1. Old-age insurance: the company's contribution ratio is 16%, and the individual's contribution ratio is 8%, totaling 24%. There is also a saying that units pay 20%, individuals pay 8%, and flexible employees pay 28%.

2. Medical insurance (including maternity insurance): company contribution rate 10%, individual contribution rate 2%, total 12%. There is also a saying that the unit pays 9.5%, the individual pays 2%, and the flexible employees pay11.5%; Maternity insurance is paid by the employer or institution, 1%, and individuals do not pay.

3. Unemployment insurance: companies and individuals each pay 0.5%, totaling 1%.

4. Work-related injury insurance: the company pays 0. 16%- 1.52%, and individuals do not need to pay. The specific payment ratio is determined according to the risk category of the unit industry, and the floating rate is implemented according to the employer's work-related injury insurance payment rate and the accident rate, so the payment ratio of each enterprise may be different.

To sum up, Shanghai social security payment base is determined according to the average monthly salary of individuals in the previous year, and it is also limited by the upper and lower limits of the social security payment base announced in that year. Individuals and units should calculate the social insurance premiums payable according to this base and the corresponding payment ratio.

Legal basis:

Article 10

Employees shall participate in the basic old-age insurance, and the employer and employees shall jointly pay the basic old-age insurance premium. Individual industrial and commercial households without employees, part-time employees who have not participated in the basic old-age insurance in the employer and other flexible employees can participate in the basic old-age insurance, and individuals pay the basic old-age insurance premium. The measures for the endowment insurance of civil servants and staff managed by reference to the Civil Service Law shall be formulated by the State Council.