The maximum housing provident fund contribution limit is 12% of the employee's average monthly salary in the previous year. That is, the minimum limit on the housing provident fund contribution ratio of the unit and employees is 5%, and the maximum is 12%.

The housing provident fund is paid based on employee wages.

The same company can only have one provident fund contribution ratio. The actual ratio is determined by the housing provident fund management committee of the city where it is located and is implemented after approval by the provincial and ministerial People's Bank of China.

How to deposit provident fund? Provident fund is paid through the unit, and individuals cannot pay it alone.

There are two parts to the provident fund, one part is paid by the unit itself, and the other part is paid by the individual, which is withheld and paid by the unit.

The details are as follows: The way for units to pay provident fund is that both new and old units need to go to the provident fund management center to register for deposit; the personal deposit part is withheld by the company, and the company will automatically deduct part of the housing provident fund payment from wages every month, and then together with the company

Part of the housing provident fund paid to employees is deposited into the housing provident fund.

The use of provident fund after deposit 1. Loan to buy a house One of the biggest uses of provident fund is to use it to buy a house, but not all people who pay provident fund can use it to buy a house, because there are certain conditions for using provident fund loans to buy a house.

According to regulations, employees who have paid housing provident funds in full and continuously for the specified period can apply for housing provident fund loans from the housing provident fund management center when purchasing, constructing, renovating, or overhauling their own homes.

2. The balance in the provident fund account can be withdrawn to repay housing loans, including commercial housing loans, provident fund loans and combination loans.

Employees who handle the provident fund withdrawal and loan repayment business can apply for entrusted withdrawal and loan repayment, that is, the provident fund center is entrusted to withdraw the storage balance in the housing provident fund account to repay personal housing loans.

There are two methods of entrusted withdrawal and loan repayment: entrusted withdrawal and repayment on a monthly basis and entrusted withdrawal and repayment on an annual basis.

Employees who handle entrusted withdrawal business generally include borrowers and spouses, as well as co-borrowers and spouses who have property rights.

3. Payment of medical expenses for major diseases. Many people may not know this. In fact, provident funds can also be used to pay for medical expenses for major diseases.

When a serious illness occurs, everyone must remember the provident fund.

With the dual protection of medical insurance and provident fund, the burden of medical expenses is greatly reduced.

4. Withdrawal and use of subsistence allowances for needy families. People who are included in the scope of subsistence allowances or hardship assistance can also apply to withdraw provident funds.

However, there are also relevant requirements for extraction. You can find out from the relevant departments according to your own situation.

Generally, the amount withdrawn cannot exceed the lower living security range or the special hardship assistance range.

I hope the above content is helpful to you. If you have any other questions, please consult a professional lawyer.

Legal basis: Article 17 of the "Housing Provident Fund Management Regulations" New employees who join the workforce will start to pay housing provident fund from the second month of starting work. The monthly deposit amount is the employee's monthly salary multiplied by the employee housing provident fund payment ratio.

Newly transferred employees from the unit shall contribute to the housing provident fund from the date the unit pays their wages. The monthly payment amount shall be the employee's monthly salary multiplied by the employee's housing provident fund contribution ratio.