Social Insurance Late Payment Calculator

According to the relevant regulations, a long period of non-payment of insurance premiums will result in a late payment fee after more than 6 months. The calculation of late payment of pension insurance premiums is: the total amount of contributions due x the number of days of non-payment x 2%. The amount of late payment is capped at 40% of the principal and cannot exceed a maximum of 8,000 yuan, beyond which it is also charged at 8,000 yuan.

The Interim Regulations on the Collection and Payment of Social Insurance Premiums (State Council Decree No. 259), Article 13, provides that: "If a contributing unit fails to pay and withhold social insurance premiums in accordance with the provisions of the regulations, the administrative department of labor and insurance or the tax authorities shall order it to pay the premiums by a specified date; and if the premiums are not paid by the specified date, the unit shall pay the premiums in arrears, and shall charge the late fee of 2% of the outstanding premiums on a daily basis, starting from the date of arrears of contributions. The late payment fee shall be added to the social insurance fund on a daily basis. The late payment fee is incorporated into the social insurance fund."

Article 15 of the Regulations on the Collection and Payment of Social Insurance Premiums states, "No unit or individual has the right to reduce or waive social insurance premiums. If a contributing unit is temporarily unable to pay social insurance premiums due to special difficulties, it shall provide an asset guarantee or other effective guarantee for the payment of the premiums, and the local tax authorities at or above the county level, after consulting with the administrative departments of labor and security and the financial departments at the same level, shall give their approval, and may defer payment of social insurance premiums other than the basic medical insurance premiums, and the period of deferment shall not exceed six months. Upon the expiration of the deferred payment period, the contributing unit shall pay the full amount of the deferred social insurance premiums and the interest on its bank demand deposits. No late fee shall be added during the deferred payment period."

Article 16 stipulates: "If a contributing unit fails to pay or withhold social insurance premiums in full and on time, or fails to pay the full amount of social insurance premiums after the expiration of the deferment period, the local tax authorities shall order the unit to pay the premiums by a specified date; if the unit fails to pay the premiums after the expiration of the deferment period, the unit, subject to the approval of the local tax authorities at or above the county level, may, according to the law, notify in writing the depositing bank or other financial institution to freeze the amount of social insurance premiums equal to the amount payable and the interest on the bank demand deposit. Freeze an amount equal to the social insurance premiums and late fees due, or seize or attach commodities, goods or other property whose value is equal to the amount of premiums due."

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