Notifications have been received from various local governments to adjust the social contribution and housing fund caps, effective July 1, 2024.
Shanghai City
| Social Contribution Salary Cap | Housing Fund Salary Cap | |
| July 2023 ~ Jun 2024 | 36,549.00 | 36,549.00 |
| July 2024 onwards | 36,921.00 | 36,921.00 |
The Specific Details
| Statutory Contributions Cap (Employer) | |||||||
| Pension | Medical | Unemployment | Child Birth | Work Injury | Housing Fund | Sub-Total | |
| July 2023 – June 2024 | 5,847.84 | 3,289.42 | 182.75 | – | 93.57 | 2,558.00 | 11,971.58 |
| July 2024 onwards | 5,907.36 | 3,322.90 | 184.61 | – | 94.52 | 2,584.00 | 12,093.39 |
Beijing City
| Social Contribution Salary Cap | Housing Fund Salary Cap | |
| July 2023 ~ Jun 2024 | 33,891.00 | 33,891.00 |
| July 2024 onwards | 35,283.00 | 35,283.00 |
The Specific Details
| Statutory Contributions Cap (Employer) | |||||||
| Pension | Medical | Unemployment | Child Birth | Work Injury | Housing Fund | Sub-Total | |
| July 2023 – June 2024 | 5,422.56 | 3,321.32 | 169.46 | – | 135.56 | 4,067.00 | 13,115.90 |
| July 2024 onwards | 5,645.28 | 3,457.73 | 176.42 | – | 141.13 | 4,234.00 | 13,654.56 |
Other cities will adjust the social contribution and housing fund caps accordingly around the end of this month or next month. Please check back on the webpage from time to time to see the latest updates.
Sources:
Beijing 2024 housing fund adjustment notice ：https://www.beijing.gov.cn/zhengce/zhengcefagui/202407/t20240731_3763793.html
Beijing 2024 social conribution adjustment notice：https://gjj.beijing.gov.cn/web/zwgk61/2024zcwj/436433461/543368452
Shanghai 2024 social conribution adjustment notice：https://mp.weixin.qq.com/s/ceCiMkfZpOzDyJzB7gtKbg
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