According to point d, clauses 1 and 2, Article 31 of the 2024 Law on Social Insurance, salaries and income as the basis for social insurance contributions are clearly regulated for each group of subjects.
For compulsory social insurance, the salary as a basis for payment is determined as follows:
Employees receiving salaries according to the regime prescribed by the State, the basis for payment is salaries according to positions, titles, ranks, grades and allowances according to regulations.
Employees receiving salaries decided by employers, the salary paid for social insurance includes the salary level according to the job or title, salary allowances and other supplements paid regularly and stably.
In case employees stop working but still receive a salary equal to or higher than the minimum wage as a basis for social insurance contributions, they will still pay according to the actual salary received.
Some groups of subjects are allowed to choose the salary level as the basis for social insurance contributions, but not lower than the reference level and not higher than 20 times the reference level at the time of contribution.
For voluntary social insurance, income is the basis for payment:
Lowest level equal to the poverty line level in rural areas;
The highest is 20 times the reference level at the time of closing.
What is the maximum salary for social insurance contributions in 2026?
According to current regulations, the reference level is being determined according to the base salary.
Specifically, according to Clause 2, Article 3 of Decree 73/2024/ND-CP, the current base salary is 2,340,000 VND/month.
From there, the maximum salary as a basis for social insurance contributions in 2026 is calculated as follows:
Maximum salary for social insurance contributions in 2026 = 20 × 2,340,000 VND/month = 46,800,000 VND/month
Thus, even if the employee has an income higher than this level, the portion exceeding 46.8 million VND/month will not have to be calculated for social insurance contributions.
Determining the maximum salary for social insurance contributions is important, especially for workers with high incomes and businesses using many high-quality workers. This is also the basis for calculating social insurance regimes such as pensions, maternity allowances, sickness, and occupational accidents in the future.
Employees should closely monitor regulations related to the reference level and base salary, because if these levels change, the social insurance contribution ceiling will also be adjusted accordingly.
