How to calculate Shanghai provident fund adjustment
Recently, the Shanghai Provident Fund Management Center issued a notice on the adjustment of the housing provident fund payment base in 2023, which attracted widespread attention. This adjustment involves many aspects such as the upper and lower limits of the deposit base and the calculation of proportions, and is directly related to the vital interests of the majority of employees. This article will explain in detail the specific calculation method of Shanghai Provident Fund adjustment and provide structured data for reference.
1. Key points for adjustment of Shanghai provident fund deposit base in 2023
According to data released by the Shanghai Municipal Human Resources and Social Security Bureau, the average monthly salary of employees in the city in 2022 will be 12,183 yuan. According to relevant regulations, the upper limit of the monthly housing provident fund payment base in 2023 is three times the average salary, and the lower limit is the minimum wage standard.
| Project | 2022 standards | 2023 standards | Range of change |
|---|---|---|---|
| Maximum deposit base | 34188 yuan | 36549 yuan | +6.9% |
| Minimum deposit base | 2590 yuan | 2690 yuan | +3.86% |
| Unit/individual deposit ratio | 5%-7% | 5%-7% | unchanged |
2. Specific calculation method of provident fund
The monthly payment amount of housing provident fund consists of two parts: the unit and the individual. The calculation formula is:
Monthly payment amount = payment base × unit payment ratio + payment base × individual payment ratio
Taking an employee’s monthly salary of 15,000 yuan as an example, assuming that both the unit and individual deposit ratios are 7%, then:
| Project | Calculation method | Amount |
|---|---|---|
| Deposit base | 15,000 yuan (within the upper and lower limits) | 15,000 yuan |
| Unit deposit part | 15000×7% | 1050 yuan |
| Personal deposit part | 15000×7% | 1050 yuan |
| Total monthly deposit | 1050+1050 | 2100 yuan |
3. Calculation examples for different income levels
To help different income groups better understand the impact of provident fund adjustments, we have produced the following comparison table:
| monthly income level | Deposit base determined | Unit deposit (7%) | Personal deposit (7%) | Total monthly deposit |
|---|---|---|---|---|
| 20,000 yuan | 20,000 yuan | 1400 yuan | 1400 yuan | 2800 yuan |
| 40,000 yuan | 36549 yuan (upper limit) | 2558.43 yuan | 2558.43 yuan | 5116.86 yuan |
| 2500 yuan | 2690 yuan (lower limit) | 188.3 yuan | 188.3 yuan | 376.6 yuan |
4. Impact Analysis after Adjustment
1.high income group: After the upper limit of the deposit base is increased, for people with a monthly income of more than 36,549 yuan, units and individuals can pay more (36,549-34,188) × 7% × 2 = 330.54 yuan per month, and an extra 3,966.48 yuan for the whole year.
2.low income group: The lower limit of the deposit base is increased by 100 yuan. Calculated at a 7% rate, units and individuals each contribute an additional 7 yuan per month, and an additional 168 yuan for the whole year.
3.middle income group: For employees with a salary between 2,690 and 36,549 yuan, if their salary increases in 2023, the amount of provident fund deposits will also increase accordingly.
5. Processing time and precautions
1. Adjustment time: July 1 to September 30, 2023
2. Processing channels: Can be processed through the "Shanghai Provident Fund" APP, online business platform or various business outlets
3. Required materials: The unit needs to provide the "Shanghai Housing Provident Fund Deposit Base Adjustment Declaration Form", employee salary vouchers for the previous month, etc.
4. Special reminder: Newly hired employees use the current month’s salary as the payment base; in principle, it can only be adjusted once during the year.
This adjustment to the provident fund reflects Shanghai's housing policy orientation of "promoting both renting and purchasing" and further enhances employees' housing consumption capacity by raising the upper limit of the deposit base. It is recommended that employees pay attention to changes in their provident fund accounts and plan housing consumption reasonably. For more details, you can call the Shanghai Provident Fund service hotline 12329 for consultation.
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