What's the relationship between insurance and wages? Is the higher the salary, the higher the insurance?

The relationship between the amount of social security contributions and wages depends on whether you pay it yourself or the company.

Pay by yourself:

If the monthly payment is calculated as 19% of the local social wage, you can choose 40%, 50%, 60%, 70%, 80%, 90% and 100% of the social wage.

Company's contribution:

If your salary is more than 3 times the social salary, you have to pay 8%*3 times the social salary and 20%*3 times the unit social salary.

If your salary is greater than the social salary and less than three times the social salary, it will be paid at 8% of the salary, and the unit will pay at 20% of the salary.

If your salary exceeds 60% and is lower than the social wage, you shall pay 8% of the social wage, and the unit shall pay 20% of the social wage.

Your salary is lower than 60% of the social wage, and you should pay 8% of the social wage, and the unit should pay 60% * 20% of the social wage.

Extended data

social security

Social insurance is a social and economic system that provides income or compensation for those who lose their ability to work, are temporarily unemployed or suffer losses due to health reasons. The main items of social insurance include endowment insurance, medical insurance, unemployment insurance, industrial injury insurance and maternity insurance.

The plan is organized by the government, forcing a certain group to use part of their income as social insurance tax (fee) to form a social insurance fund. Under certain conditions, the insured can get fixed income or loss compensation from the fund.

reference data

Baidu encyclopedia-social insurance