What is the Social Security Year?

The social security year refers to the year of enrollment, which is between July 1 day of that year and June 30 of the following year.

The social insurance payment base is fixed for one year in the same payment year and will not change halfway. From April to June every year, the employer shall declare the social insurance payment base of its employees in the new year according to the notice of the local social insurance agency.

The base of social insurance payment is determined according to the monthly average amount of all wage income of employees in the previous year 1 to 12. There are upper and lower limits on the social insurance payment base, which depends on the actual situation in each region.

Extended information workers should pay attention to the following aspects when determining the social security payment base:

(1) All social insurance premiums, housing accumulation funds and individual tax adjustments directly withheld and remitted by the unit from employees' wages are all included in the payment base.

(2) The transportation subsidies, telephone subsidies, lunch subsidies, festival fees, high temperature, high altitude, underground, toxic and harmful special post allowances paid by the unit to employees in the form of cash or bank deposits should be included in the payment base.

(3) The wages paid by the unit to individual employees through after-tax profit commission or dividend should be included in the payment base.

(4) Employees who implement the basic salary system will be included in the payment base according to their turnover or business performance.

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