How to calculate Shanghai double social security

Refers to the payment of social insurance premiums according to the upper limit of social insurance payment base stipulated by Shanghai.

First, the determination of social security payment base

Shanghai determines the upper and lower limits of social security payment base every year according to local economic development and social security policies. Generally speaking, the upper limit of social security payment base is about three times the average wage of local employees, and the lower limit is a certain proportion of the minimum wage. When enterprises and individuals pay social security fees, they need to pay according to the prescribed base.

Second, the calculation method of dual social security

The calculation method of doubling social security in Shanghai is relatively simple, that is, paying social insurance premiums according to the upper limit of social security payment base stipulated by Shanghai. Specifically, enterprises and individuals need to multiply the upper limit base by the corresponding payment ratio to calculate the social security fees that should be paid. This ceiling base is adjusted every year, so the amount of double social security will also change.

It should be noted that double social security is only a payment method, and enterprises and individuals can also choose other payment methods according to their actual conditions, such as paying according to the actual salary base or paying according to the lower limit base. Different payment methods will have different effects on personal social security benefits and labor costs of enterprises, and they need to be selected according to specific conditions.

Third, the significance and influence of social security multiplication

Shanghai's double social security payment method may mean higher social security benefits and more comprehensive protection for some high-income people. At the same time, for enterprises, double payment of social security will also increase labor costs, but it can also improve the welfare of employees and enhance the cohesion and competitiveness of enterprises.

However, it should be noted that doubling social security is not as high as possible. Excessive payment of social security may bring an excessive burden to enterprises and affect their normal operation and development. Therefore, when choosing the social security payment method, it is necessary to comprehensively consider the enterprise's own situation and the needs of employees and make reasonable decisions.

To sum up:

Shanghai double social security is a way to pay social insurance premiums according to the upper limit of social security payment base stipulated by Shanghai. Enterprises and individuals need to calculate the social security fees that should be paid according to the prescribed base and proportion. The payment method of double social security may have higher security and welfare benefits for some high-income people and enterprises, but it is also necessary to comprehensively consider the enterprise's own situation and employee needs and make a reasonable choice.

Legal basis:

People's Republic of China (PRC) social insurance law

Article 10 stipulates:

Employees should participate in basic old-age insurance, basic medical insurance, industrial injury insurance, unemployment insurance and maternity insurance, and employers and employees should jointly pay basic old-age insurance, basic medical insurance and unemployment insurance.

Measures of Shanghai Municipality on the Administration of Collection and Payment of Social Insurance Fees

Article 6 provides that:

The payment base of social insurance premiums is determined according to the average monthly salary of employees in the previous year. If my average monthly salary is lower than 60% of the average monthly salary of employees in this Municipality, it shall be determined according to 60% of the average monthly salary of employees in this Municipality; If it is higher than the average monthly salary of employees in this Municipality by 300%, it shall be determined according to the average monthly salary of employees in this Municipality by 300%.