Download the latest Excel file to calculate pension 2025
The Excel pension calculator is an essential tool that helps employees accurately calculate the expected pension amount after retirement. This tool not only simplifies complex calculations but also helps to effectively plan for old age finances, ensuring a stable life after retirement. 1C Vietnam will guide you on how to make the most of the Excel pension calculator.
1. Overview of Excel table for calculating pension
Understanding the Excel pension calculator is the first step to using this tool effectively in your financial planning for retirement.
1.1. What is an Excel pension calculation table?
The Excel pension calculator is a tool designed on the Microsoft Excel platform, which helps automate the pension calculation process based on input parameters such as the number of years of social insurance contributions, average salary and retirement age. This tool integrates calculation formulas according to the provisions of the law on social insurance, helping users get accurate results without having to perform complex calculations.
1.2. Why do we need an excel sheet to calculate pension?
Manual pension calculations are often difficult and prone to errors. Some common problems when not using support tools include:
- Mistakes in applying the formula for calculating pension rates
- Difficulty in calculating average monthly salary for social insurance contribution
- It takes a long time to perform complex calculations.
- Difficult to adjust when there are changes in policies or personal parameters
The Excel table for calculating pensions plays an important role in personal financial planning, helping workers have a clear view of their income after retirement, thereby being able to be proactive in saving and investing to ensure a stable life in old age.
2. Free download: Latest pension calculation Excel table
3. Instructions for using Excel table to calculate pension
After downloading the Excel table to calculate pension from a reputable source, users need to enter data accurately to get reliable calculation results. The information that needs to be entered into the Excel table usually includes:
Step 1: Enter basic personal information
- Full name
- Date of birth
- Gender (to determine retirement age according to regulations)
Step 2: Enter information about the social insurance payment process
- Total years of social insurance contributions
- Social insurance contribution salary by period
- Start and end time of each social insurance payment period
Step 3: Enter information about retirement date
- Expected retirement age
- Cases of early retirement (if any)
To ensure the accuracy of input data, users should:
- Check information from social insurance book or official documents
- Update the salary for social insurance contribution in each period accurately
- Pay attention to date and number formats to avoid calculation errors.
4. Built-in formulas in Excel tables
Understanding the formulas integrated in the Excel pension calculation table helps users grasp the calculation method and can adjust when necessary.
4.1. Formula for determining pension rate
The formula for calculating pension rates is integrated in the Excel table based on the provisions of the Law on Social Insurance. Accordingly, the pension rate is calculated as follows:
- For male workers: 45% corresponding to 20 years of social insurance contribution, then add 2% for each subsequent year of social insurance contribution, up to a maximum of 75%.
- For female workers: 45% corresponding to 15 years of social insurance contribution, then add 2% for each subsequent year of social insurance contribution, up to a maximum of 75%.
In an Excel table, this formula is usually expressed as:
=IF(Gender="Male", IF(Social Insurance Age<20, 0, 45+MIN(30,(Social Insurance Age-20))*2), IF(Social Insurance Age<15, 0, 45+MIN(30,(Social Insurance Age-15))*2))
Example:
- Mr. A has paid social insurance for 25 years. His pension rate will be: 45% + (25-20)*2% = 55%
- Ms. B has paid social insurance for 20 years. Ms. B's pension rate will be: 45% + (20-15)*2% = 55%
4.2. Formula for calculating average monthly salary for social insurance contribution
The formula for calculating the average monthly salary for social insurance contributions is one of the most important parts of the Excel table for calculating pensions. This formula calculates the average salary used as the basis for social insurance contributions in a certain period.
According to current regulations, the average monthly salary for social insurance contribution is calculated as follows:
Average level = (Total monthly salary for social insurance contribution × Adjustment level) / Total number of months of social insurance contribution
In which, the adjustment level is the coefficient prescribed by the State to adjust the salary paid for social insurance in each period.
In an Excel table, this formula is usually performed in several steps:
- Calculate total salary paid for social insurance for each period
- Apply the corresponding adjustment factor for each stage
- Calculate the total amount after adjustment
- Divide by total number of months of social insurance payment
To check the accuracy of the formula, the user can:
- Compare the results with the calculation examples provided by the Social Security agency.
- Check that the adjustment factors are updated according to the latest regulations.
- Confirm that all social insurance contribution periods have been taken into account in the formula
The Excel table for calculating pensions is a tool for financial planning for old age, helping employees accurately calculate their expected pension and have an overview of their financial situation after retirement. 1C Vietnam always encourages employees to use support tools such as the Excel table for calculating pensions to be proactive in financial planning, ensuring a stable and secure life in old age.