1. When buying a house, directly withdraw the provident fund to repay the mortgage;

2. When renting a house, pay the rent with the provident fund to ease the pressure of renting a house;

3. When the house is renovated or transformed, the relevant expenses shall be paid with the provident fund;

4. Withdraw the parents' housing accumulation fund to help reduce the family burden;

5, under certain conditions, such as retirement, old age, loss of ability to work, etc. , you can cancel the account and withdraw all the balance;

6, poor households can withdraw provident fund, can also be used to treat serious diseases.

Advantage utilization of provident fund:

1, low-interest loans: the interest rate of provident fund loans is usually lower than that of commercial loans, which can reduce the repayment pressure;

2. Down payment for house purchase: use provident fund to pay down payment for house purchase, so as to reduce personal financial pressure;

3. After-tax income: the provident fund is after-tax income, and the money deposited in the provident fund account does not need to pay personal income tax;

4. Policy guarantee: the provident fund is managed by the government and has certain security guarantee;

5. Flexible withdrawal: The provident fund can be used for many purposes, such as house purchase, decoration and renting, if it meets the requirements.

To sum up, the most cost-effective ways to use the provident fund are: mortgage, rent payment, decoration expenses, parents' housing, meeting certain conditions to withdraw all the balance, and providing poor households with minimum living allowance to treat serious illness.

Legal basis:

Regulations on the administration of housing provident fund

Article 5

The housing accumulation fund shall be used for the purchase, construction, renovation and overhaul of owner-occupied housing by employees, and no unit or individual may use it for other purposes.