What is social security wages?

Social security wages, to be precise, should be the wage base for paying social security, right, also known as the social security contribution base.

There are a few things to know about the social security contribution base.

One, how to determine the social security contribution base.

The social security contribution base is, in principle, required to be declared according to the actual amount of wages. New employees are required to declare their wages at the time of joining the company, and old employees are required to determine their contribution wages based on the previous year's wages.

At the same time, the Social Security Administration stipulates that there is an upper and lower limit, the highest can not be higher than three times the local social wage of the previous year, and the lowest can not be lower than 60% of the local social wage of the previous year.

That is, if the local last year's social wage is 5,000 yuan per month, then the maximum contribution base can not exceed 15,000 yuan, the minimum contribution base can not be less than 3,000 yuan. If an employee company happens to be between 3000 - 15000, then the social security contributions according to the actual wage, if an employee's salary is lower than 3000 yuan, then also according to 3000 yuan, if the salary is higher than 15000 yuan, then it is still according to 15000 yuan.

Two, how often the social security contribution base is adjusted.

The base for social security contributions is adjusted once a year in July, and the upper and lower limits of the base are adjusted according to the social wage of the previous year.

At the same time, the Social Security Administration requires enterprises to declare their contributions based on the average salary of their employees in the previous year, i.e., an average of all the wages earned by the employees in the previous year is taken to arrive at the social security contribution base.

This company base is declared by the company by July each year and implemented by July.

Third, the company are required to determine the social security contribution base?

The answer is no.

The newly released 2017 white paper on social security shows that last year only 24% of companies declared their social security contribution wages according to the national fixed, that is, most of the companies are not legally paying social security, so basically the probability of people encountering unreasonable companies is very high.

Four, can you pay social security at your desired wage rate?

Currently not, but I call for such a policy.

For young people, I would rather pay a little less, if the company can give the minimum base to pay I am very grateful, because every month really deduct a lot, can not afford.

But it's probably paradoxical that people who are about to retire would want to pay more.

So it would be nice to be able to actively choose the contribution salary as per the requirement of the laborers, hopefully that day will come.

This should be what you wish you knew about Social Security wages.