Dec. 2024 - Social Insurance Base of 2024
2024年12月13日
The Ministry of Human Resources and Social Security announced the upper and lower limits of salary bases for all social insurance contributions in 2024.
Here we would like to summarize and share the new social contribution base of the Super Tier 1 cities in China, effective from July 2024.
Here we would like to summarize and share the new social contribution base of the Super Tier 1 cities in China, effective from July 2024.
Ø Applicable rate from 1st July 2024 to 30th June 2025, Beijing
| Social Insurance | Lower Limit (CNY) | Upper Limit (CNY) | Portion of Employer | Portion of Employee |
| Pension | 6,821 | 35,283 | 16% | 8% |
| Unemployment insurance | 6,821 | 35,283 | 0.50% | 0.50% |
Medical insurance (Including maternity insurance) | 6,821 | 35,283 | 9.80% | 2% + 3.00 |
| Injury insurance | 6,821 | 35,283 | 0.2 - 1.9%* | N/A |
| Housing fund | 2,420 | 35,283 | 5% - 12% | 5% - 12% |
*Depends on the industry type of company.
Ø Applicable rate from 1st July 2024 to 30th June 2025, Shanghai
| Social Insurance | Lower Limit (CNY) | Upper Limit (CNY) | Portion of Employer | Portion of Employee |
| Pension | 7,384 | 36,921 | 16% | 8% |
| Unemployment insurance | 7,384 | 36,921 | 0.50% | 0.50% |
Medical insurance (Including maternity insurance) | 7,384 | 36,921 | 9% | 2% |
| Injury insurance | 7,384 | 36,921 | 0.16% - 1.52%* | N/A |
| Housing fund | 2,690 | 36,921 | 5% - 7% | 5% - 7% |
*Depends on the industry type of company.
Ø Applicable rate from 1st July 2024 to 30th June 2025, Guangzhou
| Social Insurance | Lower Limit (CNY) | Upper Limit (CNY) | Portion of Employer | Portion of Employee |
| Pension | 5,284 | 26,421 | 15% | 8% |
| Unemployment insurance | 2,300 | 38,082 | 0.80% | 0.20% |
Medical insurance (Including maternity insurance) | 5,996 | 29,979 | 5.35% | 2% |
| Injury insurance | 2,100 | N/A | 0.20% - 1.40%* | N/A |
| Housing fund | 2,300 | 39,579 | 5% - 12% | 5% - 12% |
*Depends on the industry type of company.
Ø Applicable rate from 1st July 2024 to 30th June 2025, Shenzhen
| Social Insurance | Lower Limit (CNY) | Upper Limit (CNY) | Portion of Employer | Portion of Employee |
| Pension (SZ resident) | 3,523 | 26,421 | 16% | 8% |
| Pension (Non-SZ resident) | 3,523 | 26,421 | 15% | 8% |
| Unemployment insurance | 2,360 | 43,659 | 0.80% | 0.20% |
| Medical insurance | 6,475 | 32,376 | 5%* | 2% |
| Injury insurance | 2,360 | N/A | 0.20% - 1.40%* | N/A |
| Maternity insurance | 2,360 | 32,376 | 0.50% | N/A |
| Housing fund | 2,360 | 43,659 | 5% - 12% | 5% - 12% |
*Depends on the industry type of company.
