Shenzhen Social Insurance Contribution Rates

Effective from 1 February 2014

Type of Social Insurance				Scope of Application	Contributions Rate			Payment Base (02/01/2014-06/30/2014)
					Total	Employer	Employee	Lower Limit	Upper Limit	Standard
1	Pension Insurance	Basic Pension Insurance + Local Supplementary Pension Insurance		Shenzhen Residence	22%	14%	8%	1,80814,754	1,808	It is based on the gross monthly salary. It cannot be higher than 300% of last year’s average salary of Shenzhen employees. But it also cannot be less than the minimum monthly wages of Shenzhen employees.
		Basic Pension Insurance		Non-Shenzhen Residence	21%	13%	8%	14,754	1,808
2	Medical Insurance	First Grade	Basic Medical Insurance	All Employees	8.7%	6%	2%	14,754	2,951	It is based on the monthly total salary but cannot be higher than 300% of last year’s average salary of Shenzhen employees, also cannot be less than 60% of last year’s average salary of Shenzhen employees.
			Local Supplementary Medical Insurance			0.2%	NIL	14,754	2,951
			Maternity Insurance			0.5%	NIL	14,754	2,951
		Second Grade	Basic Medical Insurance	Non-Shenzhen Residence	1%	0.5%	0.2%	4,918		It is based on last year’s average salary of Shenzhen employees.
			Local Supplementary Medical Insurance			0.1%	NIL
			Maternity Insurance			0.2%	NIL
		Third Grade	Basic Medical Insurance	Non-Shenzhen Residence	0.55%	0.4%	0.1%	4,918		It is based on last year’s average salary of Shenzhen employees.
			Local Supplementary Medical Insurance			0.05%	NIL
3	Unemployment Insurance			All Employees	3%	2%	1%	1,808		It is based on the minimum wages of Shenzhen employees.
4	Employment Injury Insurance			All Employees	0.4% 0.8% 1.2%	0.4% 0.8% 1.2%	NIL	14,754	1,808	It is based on the actual salary, but it cannot be less than the minimum wages of Shenzhen employees.