How to pay twice the social security in Shanghai?

The payment method of Shanghai double social security is as follows:

1, Shanghai double social security means that the social insurance premium paid by enterprises for employees is more than twice as high as the minimum standard, and the social insurance rights and interests of employees are more comprehensive and superior.

2. Enterprises can pay twice as much social security for their employees by reporting their wages and contribution ratio to the Social Security Bureau.

3. For individuals, the contribution ratio is generally 8%, and enterprises need to calculate the social security fees that should be paid according to the actual salary level of employees and the contribution ratio.

4. When paying social security fees, enterprises need to abide by relevant tax policies and regulations to ensure that the payment is legal and compliant.

The method of determining the base of social security payment;

1, determined with reference to 60% to 300% of the average monthly salary of employees in this city in the previous year;

2. For new employees, the payment base can be determined by referring to the signed labor contract;

3. The enterprise shall declare the social security payment base within the specified time every year;

4 social security agencies according to the data declared by enterprises and related policies to determine the audit;

Once determined, the payment base will usually be used to calculate the social security contributions of the current year.

To sum up, Shanghai's double social security is a way for enterprises to increase social security expenses by more than twice on the basis of the minimum standard, aiming at providing employees with more comprehensive and superior social security rights and interests. Enterprises achieve this goal by reporting employees' salaries and the set contribution ratio to the Social Security Bureau, in which the individual contribution ratio is usually 8%. Enterprises should calculate social security fees according to the actual wages of employees and the proportion of contributions, and at the same time, they should follow tax policies and regulations in the process of payment to ensure the legitimacy and compliance of payment. This practice not only enhances the social security of employees, but also reflects the enterprise's emphasis on employee welfare.

Legal basis:

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

Article 10

Employees shall participate in the basic old-age insurance, and the employer and employees shall jointly pay the basic old-age insurance premium. Individual industrial and commercial households without employees, part-time employees who have not participated in the basic old-age insurance in the employer and other flexible employees can participate in the basic old-age insurance, and individuals pay the basic old-age insurance premium. The measures for the endowment insurance of civil servants and staff managed by reference to the Civil Service Law shall be formulated by the State Council.