1. provident fund, namely housing provident fund, which is the "one fund" in the "five insurances and one fund" that we often say, is a long-term housing provident fund that the state forces employers and employees to pay in the same proportion, and is specially used for individuals to pay housing expenses, such as applying for loans to buy a house, paying rent, and decorating houses.

Generally speaking, the provident fund is equivalent to a big reservoir. Units and individuals will invest some money every month. When someone wants to buy a house, as long as certain conditions are met, they can borrow money from this reservoir at a very low interest rate. And how much you invest every month, the unit will definitely help you invest.

First, the proportion of provident fund payment:

1. According to national laws and regulations, the provident fund needs to be paid at the rate of 5% to 12% of the actual salary of employees every month. However, the state has no detailed regulations on how much employers choose to pay within the scope, which depends on whether the bosses of different companies have conscience.

2. However, many companies choose to pay the housing provident fund according to the minimum deposit ratio of 5%, because the company must pay as much as the individual employees pay, thus reducing the amount that the company should bear in disguise, which is very unfavorable to the welfare protection of employees.