In 2024, the contribution wage bases for self - employed individuals and flexible employees in Taizhou, Jiangsu Province, who voluntarily participate in the enterprise employees' basic old - age insurance, are divided into twelve grades, which are 4879 yuan, 6000 yuan, 7000 yuan, 8000 yuan, 9000 yuan, 10000 yuan, 12000 yuan, 14000 yuan, 16000 yuan, 18000 yuan, 20000 yuan, and 24396 yuan in sequence. The 12400 - yuan social security base in Taizhou, Jiangsu, falls into the seventh grade.
- Grade setting principle
- The grade setting of the social security base is related to the average wage of employees in the region. Generally, the upper and lower limits of the social security base are determined based on a certain percentage of the average wage of non - private unit employees in the previous year. In Taizhou, the upper limit of the social security base in 2024 is 24396 yuan, and the lower limit is 4879 yuan. The twelve - grade division between the upper and lower limits provides a variety of choices for different income groups.
- Significance of different grades
- Different grades of social security bases correspond to different contribution amounts. The higher the social security base grade, the more the individual contributes each month. For example, if the social security base is 12400 yuan (seventh grade), compared with a lower - grade base such as 6000 yuan, the individual will pay more in pension insurance premiums, medical insurance premiums, etc. in the same contribution period.
- In the long run, the contribution amount affects the pension treatment after retirement. Generally, the higher the contribution base during the working period, the higher the pension amount received after retirement. Because the pension calculation formula is related to factors such as the contribution base and contribution years.
- Flexible choice for individuals
- Self - employed individuals and flexible employees can choose the appropriate social security base grade according to their own economic conditions. If an individual has a relatively stable and high income, choosing a higher - grade base such as 12400 yuan can help them accumulate more pension funds for a better life after retirement. On the contrary, if the income is relatively low, choosing a lower - grade base can ensure that they can still participate in social security with a relatively small financial burden.
In conclusion, the 12400 - yuan social security base in Taizhou, Jiangsu, is the seventh grade among the twelve - grade settings for self - employed and flexible employees' social security contributions in 2024. When choosing the social security base grade, individuals should comprehensively consider their own economic situation and long - term pension planning needs to make a more suitable choice.
