The company's share of provident fund contributions ranges from 5% to 12%.

Provident fund contribution ratio generally refers to the housing provident fund contribution ratio.

Employers can decide within this range, with the most common being eight percent.

Companies and individuals make equal contributions at a ratio of 1:1, which means that the company pays as much as the individual pays.

Housing provident fund refers to the long-term housing savings deposited by state agencies, state-owned enterprises, urban collective enterprises, foreign-invested enterprises, urban private enterprises and other urban enterprises, institutions, private non-enterprise units, social groups and their employees.

The specific methods of withdrawing provident fund include: 1. Withdrawal for house purchase.

When withdrawing the provident fund through this method, you can directly withdraw the full amount from the housing provident fund processing center; 2. Housing loan withdrawal.

In the absence of binding provident fund repayments, if there is currently a housing loan that needs to be repaid, the provident fund can be withdrawn once a year to repay the loan according to regulations; 3. Use the rental contract to withdraw the provident fund.

Many areas have now implemented such regulations. If employees rent a house, they can use the rental contract to withdraw the provident fund from their account.

However, it should be noted that there is a limit on the withdrawal of provident fund. The amount of provident fund withdrawal must be within the amount of rent paid by oneself in a year.

However, if you want to withdraw all the provident fund, you need to meet more conditions. It is not enough to withdraw by renting a house; 4. Withdrawal from house decoration.

You can also apply to withdraw provident funds for home decoration or renovation of old houses.

After providing the decoration entrustment contract between yourself and the decoration company and other supporting materials, you can withdraw it.

The staff of the provident fund processing center will also inform you of the specific required materials in advance; 5. The court decides to withdraw the provident fund.

This method of withdrawing provident funds is rarely encountered.

For example, if you owe someone a lot of money and you have not repaid it, and someone else files a lawsuit through the court, the court will make a decision to withdraw the money from the provident fund account and transfer it to someone else's provident fund account.

This extraction method is a theoretical method. If it is to be implemented in practice, the procedures will be relatively cumbersome.

Provident fund 12% means that the payment ratio is 12%, and the amount of provident fund paid is equal to the payment base multiplied by 12%.

The payment base refers to the employee’s average monthly salary level in the previous year; 12% is the payment ratio, and the state stipulates that the payment ratio should be between 5% and 12%.

The monthly amount of provident fund payable is not only related to the payment ratio, but also has a very important relationship with the payment base. The higher the salary and the higher the payment ratio, the higher the amount of provident fund payment received.

Generally, if the housing provident fund has been paid in full and on time for six months or more, employees can apply for a provident fund loan to buy a house.

Of course, the provident fund account must be in normal payment status in the month of application. If the account is in a sealed state, it is temporarily impossible to apply for a provident fund loan.

Legal basis: Article 16 of the "Regulations on the Administration of Housing Provident Fund": The monthly payment and deposit amount of employees' housing provident fund is the employee's average monthly salary in the previous year multiplied by the employee housing provident fund payment and deposit ratio.

The monthly payment and deposit amount of the housing provident fund paid by the unit for its employees is the employee's average monthly salary in the previous year multiplied by the unit's housing provident fund payment and deposit ratio.

Article 24 If an employee has any of the following circumstances, he or she may withdraw the balance in the employee housing provident fund account: (1) Purchasing, constructing, renovating, or overhauling a self-occupied house; (2) Retiring or retiring; (3)

Completely losing the ability to work and terminating the labor relationship with the employer; (4) Leaving the country to settle down; (5) Repaying the principal and interest of the house purchase loan; (6) The rent exceeding the prescribed proportion of family wage income.