Long-term housing savings paid by state organs and institutions, state-owned enterprises, urban collective enterprises, foreign-invested enterprises and their employees, which is what we often call housing provident fund. 1. How to calculate the proportion of Shanghai provident fund: 5%- 12%, which can be decided and adjusted by the employer within this range, generally 8%. Individuals and employers make equal contributions 1: 1. The proportion of payment in different places is not exactly the same. Average monthly salary of employees in the previous year * (individual housing provident fund deposit ratio+unit housing provident fund deposit ratio). The deposit amount of employee housing provident fund consists of the part paid by myself and the part paid by the unit for employees. For example, housing provident fund accounts for 8% of wages, which means that the total amount of housing provident fund accounts for 8% of total wages, that is, individual contribution+company contribution = salary × 8%. 2. What are the characteristics of housing accumulation fund (1)? Urban workers, regardless of the nature of their work units, family income and whether they have housing, must pay the housing provident fund in accordance with the provisions of the Regulations; (2) Mandatory (policy). If the unit fails to register the deposit of housing provident fund or fails to set up a housing provident fund account for employees, the housing provident fund management center has the right to order it to handle it within a time limit. If no correction is made within the time limit, it may be punished according to the relevant provisions of the Regulations, and may apply to the people's court for compulsory execution; (3) Welfare, in addition to the housing provident fund paid by employees, the unit has to pay a certain amount for employees, and the interest rate of housing provident fund loans is lower than that of commercial loans; (4) Retractability: If the employee retires, resigns, or completely loses the ability to work and terminates the labor relationship with the unit, or the household registration moves out and settles abroad, the paid housing provident fund will be returned to the individual employee. Third, the nature of the provident fund answers questions from netizens: What is the nature of the housing provident fund? Lawyer's reply: (1) Guarantee, the establishment of employee housing provident fund system provides guarantee for employees to solve housing problems faster and better; (2) Mutual assistance, the establishment of housing provident fund system can effectively establish and form mechanisms and channels for employees with housing to help employees without housing, and housing provident fund can help employees without housing in terms of funds, which reflects the mutual assistance of employee housing provident fund; (3) In the long run, every urban employee must pay personal housing provident fund from the date of joining the work to the time of retirement or termination of labor relations; The employee's unit should also pay the housing provident fund for employee subsidies as required. Individuals and employers make equal contributions 1: 1. The proportion of payment in different places is not exactly the same.
Legal objectivity:
Regulations on the administration of housing provident fund
Article 16
The monthly deposit amount of employee housing provident fund is the average monthly salary of employees 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.
Regulations on the administration of housing provident fund
Article 17
The new employee starts to pay the housing provident fund from the second month after joining the work, and the monthly payment amount is the employee's own salary multiplied by the employee's housing provident fund payment ratio. The newly transferred employees of the unit shall pay the housing provident fund from the date when the transferred employees pay their wages, and the monthly deposit amount shall be the employee's monthly salary multiplied by the employee's housing provident fund deposit ratio.