Hangzhou social security minimum payment base

The minimum payment base of social security in Hangzhou refers to the minimum payment standard that insured units and individuals in Hangzhou need to pay when paying social security fees. As of May 2023, the minimum payment base of social security in Hangzhou was 7078 yuan.

According to the Regulations of Hangzhou Municipality on Social Insurance, the insured units and individuals in Hangzhou shall pay social insurance premiums according to the collection standards of social insurance premiums. Among them, the payment base is the basis of social insurance premium calculation, and it is also one of the important standards for enterprises and individuals to pay social insurance premiums. As of May 2023, the minimum payment base of social security in Hangzhou is 7078 yuan, which means that the insured units and individuals need to pay at least 7078 yuan of social security fees every month. In addition, according to the regulations, the social insurance payment base should be less than or equal to three times the average monthly salary of employees in this city in the previous year. Therefore, if the actual wages of units and individuals are higher than the average monthly wages of workers in Hangzhou last year, then the social security payment base can be selected higher. In addition, according to different situations, the types and rates of social insurance premiums that Hangzhou insured units and individuals need to pay will be different. You can consult relevant departments or professionals for details.

What impact does Hangzhou social security minimum payment base have on enterprises and individuals? The minimum payment base of social security in Hangzhou directly affects the social security expenses of enterprises and individuals. If the payment base is less than 7078 yuan, it will not meet the social security payment standard in Hangzhou and may be considered illegal. For enterprises, the size of the payment base will also directly affect the labor cost, and then affect their market competitiveness and operating conditions. For individuals, the higher the payment base, usually means the higher the social security benefits, but it will also increase the economic burden of individuals.

The minimum payment base of social security in Hangzhou is an important calculation standard of social insurance premiums, and it is also one of the cores for enterprises and individuals to pay social insurance premiums. Insured units and individuals are required to pay social insurance premiums in accordance with relevant laws and regulations, and pay attention to timely and correct payment. At the same time, in practice, we need to choose the appropriate payment base according to our own situation in order to realize its expected social security benefits.

Legal basis:

"Hangzhou Social Insurance Regulations" Article 9 The social insurance premium payment base of insured units and individuals shall be less than or equal to 3 times the average monthly salary of employees in this Municipality in the previous year; The calculation base of social insurance premium should be higher than the minimum payment base stipulated by the local government.