01
In 2024, the social security and provident fund payment base has been set
1. The social security payment base for 2024 has been set
Recently, many places have announced the social security payment base for 2024:
1. Guangdong Province
Up to now, Zhaoqing, Yangjiang and other places in Guangdong Province have announced the 2024 medical insurance payment base:
(1) Zhaoqing
Recently, the Zhaoqing Municipal Medical Security Bureau issued the "Notice on Announcing the Payment Base of Basic Medical Insurance (Including Maternity Insurance) for Employees in our City in 2024".
Original Policy:
https://guangdong.chinatax.gov.cn/gdsw/zqsw_tzgg/2023-11/08/content_69f73f4c880f4a24b2a2a74a4b6b217c.shtml
The notice specifies:
From January to December 2024, the upper and lower limits of the payment base for basic medical insurance (including maternity insurance) for employees in Zhaoqing City shall be determined according to 60%-300% of the average monthly wage of employees in full-caliber urban units in the city in 2022, namely:
The lower limit is 4222 yuan;
The upper limit is 21,111 yuan.
(2) Yangjiang
The Yangjiang Municipal Medical Insurance Bureau also issued the "Notice on Announcing the Upper and Lower Limits of the Basic Medical Insurance and Maternity Insurance Payment Base for Employees in the City in 2024".
Original Policy:
https://mp.weixin.qq.com/s/25F1W-lwxJUAHsAOc6CF_A
The notice specifies:
2024 Yangjiang Municipal Employee Basic Medical Insurance and Maternity Insurance Payment Base:
The upper limit is 19,962 yuan;
The lower limit is 3992 yuan.
In 2024, the payment base of basic medical insurance and maternity insurance for unemployed persons and those who have reached the statutory retirement age but have not yet reached the prescribed payment period is 6,654 yuan.
The implementation period of the adjusted upper and lower limits of the payment base is from January 1, 2024 to December 31, 2024.
2. Xi'an City
According to the news released by Xi'an, the 2024 medical insurance payment base for flexible employment employees in Xi'an has been determined, and the payer will pay the fee through the payment channel designated by the tax department in accordance with the period and amount of the fee approved by the medical insurance department, and pay the annual fee at one time.
Original Policy:
https://mp.weixin.qq.com/s/amXZ8X09I1qQShHoz2HoKQ
The notice specifies:
In 2024, the annual one-time payment of medical insurance for flexible employees is 5,715.24 yuan, including:
The basic medical insurance payment base is 5203 yuan/month, the payment ratio is 9%, and the monthly payment amount is 468.27 yuan;
The standard for large medical subsidy insurance is 8 yuan per month.
In principle, the centralized payment period for medical insurance premiums for flexibly employed persons in 2024 is from November 2023 to December 30, 2023, and in case of special circumstances, it will be determined after consultation between the medical insurance and tax departments.
2. The provident fund payment base for 2024 will be determined
1. Qinhuangdao, Hebei
Hebei Qinhuangdao Housing Provident Fund Management Center issued the "Notice on the Adjustment of the Contribution Base in 2024".
Original Policy:
https://mp.weixin.qq.com/s/n4eOC9T-_TLe7u5Z0jtKag
The notice specifies:
Administrative organs and institutions adjust the base in January each year, enterprise units adjust the base in January or July each year, and the deposit base is adjusted once a year, and the business processing time is as follows:
From December 1, 2023 to January 31, 2024 (units applying for base adjustment need to complete the provident fund payment in December 2023);
From July 1, 2024 to July 31, 2024 (units applying for base adjustment need to complete the provident fund contribution in June 2024).
Among them, the 2024 Qinhuangdao Provident Fund Base:
The upper limit is 23,931 yuan:
The lower limit of the provident fund base of Haigang District, Shanhaiguan District, Beidaihe District, Funing District, Municipal Economic and Technological Development Zone, and Beidaihe New District is 2,200 yuan, and the lower limit of the provident fund base of Changli County, Lulong County, and Qinglong Manchu Autonomous County is 2,000 yuan.
2. Wenshan Prefecture, Yunnan
Recently, the Wenshan Prefecture Housing Provident Fund issued the "Notice on Determining the Contribution Base of the Wenshan Prefecture Housing Provident Fund in 2024".
Original Policy:
https://mp.weixin.qq.com/s/UZ615bfWjHYP5gD_ysQ5sw
The notice specifies:
Wenshan 2024 Housing Provident Fund Payment Base:
The upper limit is 26,343 yuan;
The lower limit is 1840 yuan.
The implementation time of the housing provident fund contribution base is from January 1, 2024 to December 31, 2024.
02
After the payment base is raised
How will the salary be changed?
For employees working in the unit, the social security payment base is the average monthly salary of the previous year, if the average monthly salary of the previous year has not increased, and the average monthly salary level of the social security payment base is between the upper and lower limits of the social security payment base, then, the social security payment will not increase.
However, for those whose salary level is lower than the lower limit of the social security contribution base, their social security contribution base is not their average monthly salary in the previous year, but according to the lower limit of the social security contribution base. Therefore, as the lower limit of the local social security contribution base rises, these people's social security contributions will also increase.
The same is true for flexibly employed persons who contribute according to the minimum social security contributions.
Individually-owned businesses and flexibly employed persons who participate in the basic pension insurance for employees of enterprises as individuals can choose the appropriate payment base between the upper and lower limits of the payment base. However, if flexible employees pay according to the lower limit of the social security contribution base, the minimum contribution will also increase as the lower limit increases.
For example:
Assuming that the lower limit of the social security payment base in 2023 is 3,500 yuan, and the lower limit of the social security payment base rises to 4,000 yuan in 2024, then if it is an in-service person who pays according to the lower limit of the social security payment base, the individual contribution ratio of pension insurance is 8%, then the monthly payment will increase by 40 yuan; if it is a flexible employment person who pays according to the lower limit of the social security payment base, the pension insurance payment ratio is 20%, then the monthly payment will increase by 100 yuan.
Therefore, not all insured persons will increase with the increase in the upper and lower limits of the contribution base.
In the same way, the housing provident fund is also like this, but the difference is that the housing provident fund also involves the contribution ratio, which is also briefly explained to you here.
The housing provident fund is generally funded and deposited by the unit and the employee, and the calculation formula is: monthly contribution amount = contribution base × unit contribution ratio + contribution base × individual contribution ratio.
The contribution base is the same as that of social security, and if your salary level is within the upper and lower limits of the contribution base, no matter how you adjust the contribution base, it will have no impact. It will only affect those who are based on the following limits and those whose payment base is not in the upper and lower limits.
However, if the company adjusts the contribution ratio, the contribution amount will also increase or decrease. The minimum contribution ratio of the provident fund is 5% and the upper limit is 12%, and the specific contribution ratio is chosen by the unit and the individual.
A unit can only select one unit to contribute in the same deposit year, and the individual contribution ratio should be equal to or higher than the unit contribution ratio.
For example, if the unit contribution ratio is 8% in 2023 and the adjusted contribution ratio is 10% in 2024, then the individual contribution ratio will also be increased to 10%, and the contribution amount will naturally increase.
03
Social security is paid more and less paid
How big is the impact on pensions?
Our employee pension insurance is composed of basic pension plus personal account pension.
Basic pension = (average salary + contribution base) ÷2× payment period×1%
Personal account pension = total pension insurance paid / number of months
Let's split the pension calculation formula, it is not difficult to draw the following conclusions:
1. The level of the basic pension depends on the average contribution index and the number of years of payment of the individual
The average individual contribution wage index and the number of years of contribution are closely related to the level of pension, if the average contribution wage index is higher, the longer the payment period, the higher the pension. The level of the average individual contribution wage index is related to the level of the contribution base and the length of the payment period.
To put it simply, the higher the contribution base and the longer the payment period, the higher the basic pension.
Second, the level of personal account pension depends on the cumulative amount of personal account savings and retirement age
For example, if a male employee retires at the age of 60, the number of months of payment is 139 months. Female employees retire at the age of 50 in production and service positions, and the number of months of payment is 195 months. Female employees retire at the age of 55 for management and technical positions, and the number of months is 170 months.
That is to say, the more accumulated savings in the personal account, the older the retirement age, and the more pension the personal account.
04
Pay social security for 15 years according to the minimum standard
How much pension can I get?
We first need to have a clear understanding of what the social security minimum means.
The minimum standard of social security means that the person who pays the insurance premium needs to pay the social security contribution according to the minimum contribution benchmark set by the local policy. This benchmark will vary depending on the region and industry, but is generally in the range of 2,000 yuan to 5,000 yuan.
For example, in 2023, the minimum payment base for social security in Beijing is 5,080 yuan, while the minimum payment base in Shanghai is 4,200 yuan.
So, what is the minimum amount of social security you need to pay?
It depends on the different types of social insurance, and each type of insurance needs to calculate a different amount. Today we are going to focus on pension insurance. The contribution rate for pension insurance varies from region to region and is generally between 8% and 12%.
For example:
Beijing's pension insurance contribution rate in 2023 is 8%. In 2023, Shanghai's personal pension insurance contribution ratio is 10%.
Therefore, if you pay pension insurance according to the minimum requirement in Beijing, you need to pay 5080×8% = 406.4 (yuan) per month, and if you pay pension insurance according to the minimum requirement in Shanghai, you need to pay 4200×10% = 420 (yuan) per month.
If you have only paid for 15 years under the same minimum pension conditions, how much pension will you receive each month after retirement?
This will depend on factors such as the region and industry in which you retire, which in turn will determine the structure of your pension calculation.
Let's assume that the minimum payment base of pension insurance in Beijing and Shanghai remains unchanged, and we will roughly calculate:
1. Pay pension insurance for 15 years in Beijing according to the minimum standard
Let's say you have paid 15 years of old-age insurance in Beijing with the minimum standard:
The basic pension that can be received every month after retirement is: 8000×15×1% = 1200 (yuan);
The monthly retirement pension that can be obtained from the personal account is: (4876.4×15 + interest) ÷139 = about 600 (yuan).
Therefore, the total monthly pension you can get after retirement is: 1200 + 600 = 1800 (yuan).
2. Pay pension insurance for 15 years in Shanghai according to the minimum standard
According to the minimum standard in Shanghai, you pay 15 years of pension insurance:
The calculation of the monthly basic pension after retirement is: 8000×15×1%, a total of 1200 yuan;
Your personal account pension is (5040×15 + interest) ÷139 per month, which is about 650 yuan.
Therefore, the total monthly pension after retirement is: 1200 + 650, a total of 1850 yuan.
It should be noted that the above data is for reference only, because the reality is complex and will definitely be different from this data. The difference in personal salary level, local salary level, payment period, retirement age, and payment grade will affect the change of pension.
Here, it is also recommended that if the economic conditions allow, try to increase the social security payment base and payment period.
05
How do you calculate how much pension you can get?
Here are two ways to do this:
1. National social insurance public service platform
Log in to the National Social Insurance Public Service Platform (http://si.12333.gov.cn), click on "Calculation of Pension Insurance → Benefits →Calculation of Pension Insurance Benefits for Enterprise Employees", fill in the corresponding parameters, and then you can calculate.
2. Electronic social security card
Log in to the electronic social security card, find the "Social Security → Enterprise Employee Pension Calculation" in the "Home → More", fill in the corresponding parameters, and you can calculate the pension!
Sources: Tax Administration, State Administration of Taxation, Tax Academy, Tax Man, Accounting World, etc