How to calculate the social security wage base

Legal analysis: the payment base of old-age insurance premium cannot be lower than 40% of the average monthly salary of the previous year and not higher than 300% of the average monthly salary of the previous year. The payment base of other types of insurance is the same as that of endowment insurance. Units according to the first category of personnel to pay, pension insurance units to pay twenty percent, individuals to pay eight percent. Medical insurance units pay 6.5% and individuals pay 2%. Maternity insurance units pay 0.5%, and individuals do not pay. Serious illness medical mutual assistance supplementary insurance unit pays 1%, and individuals do not pay. Unemployment insurance units pay 1.5%, and individuals pay 0.5%. Work-related injury insurance is determined according to the industry standard of the unit, and individuals do not pay.

Legal basis: People's Republic of China (PRC) Social Insurance Law.

Article 58 An employing unit shall, within 30 days from the date of employment, apply to the social insurance agency for social insurance registration for its employees. If the social insurance has not been registered, the social insurance agency shall verify the social insurance premium it should pay. Employees-free individual industrial and commercial households who voluntarily participate in social insurance, part-time employees who do not participate in social insurance in the employing unit and other flexible employees shall apply to the social insurance agency for social insurance registration.