It is a supplement to the housing accumulation fund system. The basic characteristics of the two are the same. They are both long-term housing savings, which are used for housing consumption of employees and belong to individual employees. Supplementary housing provident fund is a social security project that is not compulsory to pay.

the monthly contribution amount of supplementary housing provident fund = the average monthly salary of individual employees in the previous year * (the contribution ratio of individual employees+the contribution ratio of enterprise supplementary provident fund)

Proportion standard: 1%≤ the contribution ratio of individual employees/enterprises supplementary provident fund ≤8%. Due to the annual policy adjustment, the specific contribution ratio and amount depend on the specific conditions of different enterprises in different years.

Function of supplementary provident fund:

Relieve economic difficulties: Secondly, supplementary provident fund can also be used for buying houses, decorating houses, renting houses, etc. And with the development of the times, the scope of supplementary provident fund is becoming wider and wider. For employees, this money can be invested in daily expenses to alleviate certain economic difficulties.

Withdraw and use: Finally, even if you don't withdraw and use the supplementary provident fund, you can withdraw the money at one time when you change jobs or retire, which is not a small income.

Income increase: Confiscating the provident fund is the same as the provident fund. Employees pay part of the supplementary provident fund, and the same unit also needs to pay part for employees, which is equivalent to an increase in employees' income.