the process of withdrawing housing provident fund from Bozhou's retirement

1. Collect the application form and instructions for withdrawing housing provident fund from the business hall of Bozhou Housing Provident Fund Center or download it through the website of the center.

2. Apply to the management center for acceptance with the application form for housing provident fund withdrawal (with official seal and signature confirmation), housing provident fund card and related extraction materials verified and filled in by the unit.

3. after the approval of the center, the extractor will sign the Housing Provident Fund Extraction Certificate printed by the center for confirmation.

In Bozhou, the withdrawal of housing provident fund from retirement is based on the housing provident fund management regulations, and it is handled according to this process, and it usually arrives in 3-5 days.

according to the regulations on the management of housing provident fund, if an employee withdraws the storage balance in the housing provident fund account, the unit where he works shall verify it and issue a certificate of withdrawal. Employees shall apply to the housing provident fund management center for the withdrawal of housing provident fund with the withdrawal certificate. The housing provident fund management center shall, within 3 days from the date of accepting the application, make a decision on whether to approve or not to withdraw, and notify the applicant; If the withdrawal is approved, the entrusted bank shall go through the payment formalities. Workers who have paid housing provident fund can apply for housing provident fund loans to the housing provident fund management center when purchasing, building, renovating or overhauling their own houses.

The benefits of paying the housing accumulation fund mainly include the following points:

1. After individual contributions, the funds will be doubled. Individuals pay 5%-12%, and units subsidize in the same proportion. Therefore, after individual employees pay the housing provident fund as required, the funds will double.

2. Calculate and pay interest. The housing provident fund paid in the current year shall be paid at the current interest rate, and if it is carried over from the previous year, it shall be paid at the three-month lump-sum interest rate.

3. tax exemption. According to the relevant provisions of the state, the housing provident fund is exempt from personal income tax; Housing provident fund paid by enterprises for employees can be deducted before tax.

4. It is owned by individual employees. Housing provident fund is a policy fund paid by the unit and its employees according to law, which belongs to the individual employees, stored in the special account of the center, and managed and operated in a unified way.

5. It can be used for purchasing and building occupied houses. Workers who have paid the housing provident fund can withdraw the housing provident fund with relevant legal and valid documents when purchasing or building self-occupied housing.

6. It can be used as a pension. After retirement, employees can withdraw all the principal and interest balance of housing provident fund at one time with retirement certificates, ID cards and other documents.

7. You can apply for a loan. Cadres and workers who have paid the housing provident fund normally for more than one year may apply for personal housing provident fund loans when purchasing or building self-occupied housing.

Legal basis:

Article 24 of the Regulations on the Management of Housing Provident Fund

: Employees may withdraw the storage balance in their housing provident fund accounts in any of the following circumstances:

(1) purchasing, constructing, renovating or overhauling their own houses;

(2) retired;

(3) completely losing the ability to work and terminating the labor relationship with the unit;

(4) leaving the country to settle down;

(5) repaying the principal and interest of the house purchase loan;

(6) the rent exceeds the prescribed proportion of family wage income.

in accordance with the provisions of items (2), (3) and (4) of the preceding paragraph, the employee housing provident fund account shall be cancelled at the same time. If an employee dies or is declared dead, the employee's heirs and legatees may withdraw the storage balance in the employee's housing provident fund account; If there is no heir or legatee, the storage balance in the employee housing provident fund account will be included in the value-added income of the housing provident fund.

article 25: if an employee withdraws the storage balance in the housing provident fund account, the unit where he works shall verify it and issue a certificate of withdrawal. Employees shall apply to the housing provident fund management center for the withdrawal of housing provident fund with the withdrawal certificate. The housing provident fund management center shall, within 3 days from the date of accepting the application, make a decision on whether to approve or not to withdraw, and notify the applicant; If the withdrawal is approved, the entrusted bank shall go through the payment formalities.

article 26: employees who have paid housing provident fund may apply for housing provident fund loans from the housing provident fund management center when purchasing, building, renovating or overhauling their own houses.