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How much do companies and individuals pay for social security contributions in 2023?

Legal subjectivity:

The country has clear payment standards for social security contributions. The specific payment is determined based on the average salary of social workers in the location of the insured person in the previous year as a reference standard. As for the specific payment base, the current minimum payment base in my country is 60%, and the maximum does not exceed 300%. For example, the average salary of social workers in a certain place in the previous year was 5,000 yuan, then social security is paid according to the minimum payment standard, and the payment base is 3,000 yuan. . In the past, some units paid social security fees to their employees in accordance with the local minimum payment standards regardless of their actual wages. However, starting from January 1, 2019, social security fees will be collected by the tax department, which is in charge of corporate distribution. The actual salary situation, so social security payments will be more transparent. The social security fees paid by the company for employees will be based on the actual wages of the employees. If the employee’s salary is lower than the local average employee in the previous year, the payment will be 60% of the minimum standard. If it is higher than the local average If the average number of employees in the previous year was average, then the company will make contributions based on the actual salary income of the employees, and the maximum non-payment basis will not exceed 300%. What is the impact of the increase in social security contributions? Social security will be collected by the tax department on January 1, 2019. This means that the higher the salary of employees, the higher the social security fees they need to pay every month. Although the salary received by employees every month has been reduced, it has been reduced from In the long run, employees' benefits will actually increase. Because the level of the social security payment base will directly affect the level of the basic pension that employees receive after retirement, it also affects the amount of personal account pensions. Personal account pensions are formed by employees’ personal contributions. The higher the payment, the greater the savings in the personal account. The amount will be larger, so for people with high wages, if they pay higher social security fees now, they will receive more pensions in the future; in addition, the payment base also affects the amount of personal medical insurance accounts, unemployment Insurance money, etc.