Xiangyang Flexible Employment 2024 Contribution Standard

The social security contribution standard for flexible employment in Xiangyang in 2024 is based on 57.5% - 300% of the approved annual social security contribution base standard of 6,000 yuan from July 2022 to June 2023 in Hubei Province.

Flexibly employed people can start to pay their contributions on time by choosing a grade according to their personal ability from July every year. The specific contribution level and amount need to be determined according to the latest standards issued by the Xiangyang Human Resources and Social Security Bureau. The social security contribution standard for flexibly employed persons in Xiangyang City is set according to the approved annual contribution base for social security of the previous year, allowing flexibly employed persons to choose the contribution bracket that suits them according to their own financial situation within the prescribed range.

Contribution standards for Xiangyang flexible employees' pension insurance pensions in 2024:

1. 1st grade (60%): the monthly contribution base is 3,900 yuan, the monthly contribution should be 780 yuan, and the annual contribution should be 9,360 yuan.

2. Second class (70%): the monthly contribution base is 4,550 yuan, the monthly contribution should be 910 yuan, and the annual contribution should be 10,920 yuan.

3, the third tranche (80%): the monthly contribution base is 5200 yuan, the monthly contribution should be 1040 yuan, the annual contribution should be 12480 yuan.

4, the fourth tranche (90%): the monthly contribution base is 5,850 yuan, the monthly contribution should be 1,170 yuan, the annual contribution should be 14,040 yuan.

5, the fifth grade (100%): the monthly contribution base is 6,500 yuan, the monthly contribution should be 1,300 yuan, the annual contribution should be 15,600 yuan.

6, the sixth grade (150%): monthly contribution base is 9,750 yuan, the monthly contribution should be 1,950 yuan, the annual contribution should be 23,400 yuan.

7, seventh grade (200%): the monthly contribution base is 13,000 yuan, the monthly contribution should be 2,600 yuan, the annual contribution should be 31,200 yuan.

8, the eighth tranche (250%): the monthly contribution base is 16,250 yuan, the monthly contribution should be 3,250 yuan, the annual contribution should be 39,000 yuan.

9, nine tranches (300%): the monthly contribution base is 19,500 yuan, the monthly contribution should be 3,900 yuan, the annual contribution should be 46,800 yuan.

10, the lower tranche (54.8%): the monthly contribution base is 3,800 yuan, the monthly contribution should be 760 yuan, the annual contribution should be 9,120 yuan.

In summary, the social security contribution standard for flexible employees in Xiangyang City in 2024 is based on a certain percentage of the approved annual contribution base for social security of the previous year, and the specific contribution bracket and amount need to be referred to the latest standard issued by the local Human Resources and Social Security Bureau.

Legal basis:

The Social Insurance Law of the People's Republic of China

Article 12

Employers and individuals shall pay social insurance premiums in accordance with state regulations. The specific methods for the collection, payment, management and utilization of social insurance premiums shall be prescribed by the State Council.