Upper limit of social security payment base

Legal analysis: according to my average monthly salary last year, there are upper and lower limits, depending on the actual situation in each region. Generally, if my average monthly salary is lower than 60% of the local average monthly salary, I will pay 60% of the local average monthly salary; If it exceeds 300% of the average monthly salary of local employees, it shall be paid according to 300% of the average monthly salary of local employees, and the excess part shall not be included in the base of payment salary. The deposit is determined once a year, and once it is determined, it will remain unchanged for one year.

Legal basis: Article 11 of the Social Insurance Law of People's Republic of China (PRC) implements the combination of social pooling and individual accounts for basic old-age insurance.

The basic old-age insurance fund consists of employers, individual contributions and government subsidies.