Shanghai Minimum Five Insurance and One Gold Payment Base 2023

In 2023, the minimum payment base for five insurances and one gold in Shanghai is 6330 yuan. Enterprises and employees need to pay social security and provident fund fees according to this standard to ensure the rights and interests of employees.

Five insurances and one gold include endowment insurance, medical insurance, unemployment insurance, work injury insurance, maternity insurance and housing accumulation fund. These insurances are one of the rights and interests of employees and an important part of human resource management in enterprises. As one of the economically developed cities in China, Shanghai's social security and provident fund payment standards have always been ahead of the whole country. In 2023, the minimum payment base for five insurances and one gold in Shanghai was 6330 yuan, which was higher than that in 2022 by 500 yuan. Specifically, enterprises and employees in Shanghai need to pay social security and provident fund fees according to this payment base. At the same time, enterprises can pay social security fees higher than the minimum payment base according to the actual situation to improve employee welfare. It should be noted that five insurances and one fund are not only the rights and interests of employees, but also an important part of enterprise management. Enterprises should rationally plan employees' social security and provident fund expenditures to ensure the balance between the economic benefits of enterprises and the welfare benefits of employees.

Do individual industrial and commercial households and freelancers also need to pay five insurances and one gold? Individual industrial and commercial households and freelancers can choose whether to pay social security and provident fund. According to the provisions of the Social Insurance Law and the Regulations on the Management of Housing Provident Fund, individual industrial and commercial households and freelancers can participate in social security and provident fund or not. However, it should be noted that those who voluntarily participate in social security and provident fund need to pay according to the corresponding standards, otherwise they will not be able to enjoy the corresponding welfare benefits.

The minimum payment base of five insurances and one fund in Shanghai is an important standard for enterprises and employees to pay social security and provident fund fees. Enterprises should rationally plan the balance between employee benefits and economic benefits, ensure the protection of employees' rights and interests, and lay the foundation for their own sustainable development.

Legal basis:

Article 17 of the Social Insurance Law of People's Republic of China (PRC), the employing unit shall participate in basic old-age insurance, basic medical insurance, unemployment insurance, industrial injury insurance and maternity insurance according to law, and pay social insurance premiums in full and on time.