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How much is the 5-year social security late fee?
Legal analysis: from the date of breach of contract to the day before the employer announces the successful payment, a late payment fee of 0.5% will be added daily according to the amount of breach of contract.
Legal basis: Article 86 of the Social Insurance Law states that if the employer fails to pay the social insurance premium in full and on time, the social insurance premium collection agency shall order it to pay it within a time limit or make up for it, and an overdue fine of 0.5% shall be added on a daily basis from the day when it never pays it; Failing to pay within the time limit, the relevant administrative departments shall impose a fine of more than one time and less than three times the amount owed.
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