That is to say, it cannot be lower than 5% or higher than 20%. For the old employees who have worked for one year, the deposit base of the provident fund is the average monthly salary of the employees themselves in the previous year. New employees start to pay fees from the second month, and the payment base is the monthly salary of the employee in that month. How much employees pay, the unit needs to pay in the same proportion, and the sum of the amounts paid by units and individuals is the total amount of employees' provident fund.

The extraction condition of housing accumulation fund is that there is no room to pay rent; Purchase, construction, renovation and overhaul of owner-occupied housing; Retired; Repay the principal and interest of the house purchase loan; Settle abroad; Lose the ability to work and terminate the labor relationship with the unit.

Housing accumulation fund refers to the long-term housing savings paid by state organs and institutions, state-owned enterprises, urban collective enterprises, foreign-invested enterprises, urban private enterprises and other urban enterprises and institutions, private non-enterprise units, social organizations and their employees.

The definition of housing provident fund includes the following five aspects:

1, the housing accumulation fund is only established in cities and towns, and the housing accumulation fund system is not established in rural areas;

2. Only on-the-job and on-the-job employees can establish the housing provident fund system. Urban unemployed residents and retired workers do not implement the housing provident fund system;

3. The housing accumulation fund shall be paid by the employee's unit and individual employee. After the employee's individual deposit is withheld by the unit, it will be deposited into the individual account of the housing provident fund together with the unit deposit;

4. The long-term nature of housing provident fund deposit. Once the housing provident fund system is established, employees must pay it continuously during their working period, and it shall not be suspended or interrupted except for retirement or other circumstances. It embodies the stability, unity, standardization and compulsion of housing provident fund;

5. Housing accumulation fund is a personal housing savings fund specially used for housing consumption expenditure stored by employees according to regulations.

legal ground

Regulations on the administration of housing provident fund

Article 16 The monthly deposit amount of employee housing provident fund shall be the average monthly salary of the employee in the previous year multiplied by the deposit ratio of employee housing provident fund.

The monthly deposit amount of housing provident fund paid by the unit for employees is the average monthly salary of employees in the previous year multiplied by the proportion of housing provident fund paid by the unit.