How to calculate the provident fund payment base
The provident fund payment base is the basis for employees and employers to pay housing provident funds, which directly affects the accumulation of individual provident fund accounts and future loan amounts. Recently, provident fund policy adjustments and calculation methods have become a hot topic, especially among those who are newly employed or changing jobs. This article will analyze in detail the calculation method of provident fund payment base and provide structured data for reference.
1. Definition of provident fund payment base
The provident fund payment base refers to the average monthly salary of employees in the previous year, which usually includes basic salary, bonuses, allowances and other income. According to national regulations, there are certain upper and lower limits for the payment base, which are determined by the local housing provident fund management center.
2. Calculation method of provident fund payment base
The formula for calculating the provident fund payment base is:
Payment base = average monthly salary in the previous year
The average monthly salary is calculated as:
Average monthly salary = Total income of the previous year ÷ 12
The following are the upper and lower limits of provident fund payment bases in some cities in 2023 (unit: yuan):
| city | Minimum payment base | Payment base upper limit |
|---|---|---|
| Beijing | 2320 | 31884 |
| Shanghai | 2590 | 34188 |
| Guangzhou | 2300 | 37228 |
| Shenzhen | 2360 | 38892 |
3. Payment base under special circumstances
1.New employees: If there is no salary data for the previous year, the first month’s salary is usually used as the payment base.
2.Salary is below the minimum limit: Calculated based on the local minimum payment base.
3.Salary is higher than the upper limit: Calculated based on the upper limit, and the excess will not be included in the base number.
4. Provident fund payment ratio
Employees and employers contribute to the provident fund according to a certain proportion of the payment base, with the proportion ranging from 5% to 12%, and the specific choice is made by the employer. For example:
| city | Unit scale | personal ratio |
|---|---|---|
| Beijing | 5%-12% | 5%-12% |
| Shanghai | 5%-7% | 5%-7% |
| Guangzhou | 5%-12% | 5%-12% |
5. How to inquire and adjust the payment base
1.Query method: Inquire through the official website, APP or offline window of the Housing Provident Fund Management Center.
2.Adjust time: Usually centralized adjustments are made in July every year, and some cities allow units to apply at any time.
6. Frequently Asked Questions
Q1: Can the provident fund payment base be adjusted at will?
A1: No. It needs to be based on actual salary changes and reviewed by the Provident Fund Management Center.
Q2: What impact does the payment base have on the loan?
A2: The higher the base, the higher the loan amount, which needs to be combined with local policies.
Summary
The calculation of the provident fund payment base directly affects personal welfare. It is recommended that employees pay attention to local policies and check payment records in a timely manner. Reasonable planning of the base and proportion can provide more protection for home purchase, rental and other needs.
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