According to Article 36 of the Law on Social Insurance 2024 (effective from July 1, 2025), the contribution rate, method and duration of social insurance payment for voluntary social insurance participants are as follows:
- Subjects specified in Clause 4, Article 2 of the Law on Social Insurance 2024 (Article 1), monthly contributions equal to 22% of the income used as the basis for voluntary social insurance contributions to the pension and death fund.
Based on socio-economic development conditions and state budget capacity in each period, the Government stipulates the level of support, support subjects and the time to implement the policy of supporting social insurance contributions for voluntary social insurance participants.
According to Article 87 of the Law on Social Insurance 2014, the contribution level of employees participating in voluntary social insurance is as follows:
- Employees specified in Clause 4, Article 2 of the Law on Social Insurance 2014, pay monthly at 22% of the monthly income chosen by employees to contribute to the pension and death fund; the monthly income used as the basis for social insurance payment is at least equal to the poverty line of rural areas and at most 20 times the basic salary.
Based on the conditions for socio-economic development, the state budget capacity in each period to determine the support level, support subjects and the time of implementing the policy to support social insurance contributions for employees participating in voluntary social insurance.
Thus, the Law on Social Insurance 2024 does not have regulations on minimum and maximum income as a basis for voluntary social insurance contributions (the Law on Social Insurance 2014 has minimum and maximum income levels).
