Workers who purchase, build, renovate or overhaul their own houses without using housing loans can withdraw housing provident fund once a year, and the total amount of withdrawal shall not exceed the actual housing expenditure.

Employees who purchase, build, renovate or overhaul their own houses use housing loans, and employees and their spouses who purchase affordable housing and other policy-oriented housing with loans can withdraw the housing provident fund once every quarter, and in other cases, they can withdraw it once a year. The total withdrawal amount shall not exceed the actual housing expenditure (including loan principal and interest and down payment) incurred in the purchase, construction, renovation and overhaul of self-owned housing.

Spouses, children, parents and other immediate family members can help users replace the provident fund. Just provide the user's ID card, agent's ID card, household registration book or marriage certificate, and the user's bank account number. You can also entrust others to help. If users really can't take it by themselves, they can ask others for help, but they need to provide a notarial certificate issued by the notary department. Or just let it take it for you, which will be more convenient. However, although the provident fund can let others help, it usually needs to provide more materials and the procedures will be more complicated.

The meaning of provident fund:

Housing provident fund is only established in cities and towns, and the housing provident fund system is not established in rural areas.

Only on-the-job employees can establish a housing provident fund system. Unemployed urban residents and retired workers do not implement the housing provident fund system.

The housing accumulation fund consists of two parts, one part is paid by the unit where the employee works, and the other part is paid by the individual employee. After the employee's individual deposit is withheld by the unit, it will be deposited into the individual account of the housing provident fund together with the unit deposit.

The long-term nature of housing provident fund deposit. The housing accumulation fund system has been established, and employees must pay continuously in accordance with the regulations during their employment. Except for the retirement of employees or other circumstances stipulated in the Regulations on the Administration of Housing Provident Fund, it shall not be suspended or interrupted. It embodies the stability, unity, standardization and compulsion of housing provident fund.

Housing provident fund is a personal housing savings fund specially used by employees for housing consumption expenditure, which has two characteristics: first, it is cumulative, that is, housing provident fund is not an integral part of employees' wages, and it is not distributed in cash. It must be deposited in a special account opened by the housing provident fund management center in the entrusted bank, and special account management is implemented. The second is special. The housing provident fund is earmarked for special purposes and can only be used for the purchase, construction, overhaul of self-occupied housing or the payment of rent during storage. Only when the employee retires, dies, completely loses the ability to work, terminates the labor relationship with the unit or moves out of the original city can the housing provident fund in his account be withdrawn.

Nature of the Provident Fund:

In terms of security, the establishment of employee housing provident fund system provides a guarantee for employees to solve housing problems faster and better;

Mutual assistance, the establishment of housing provident fund system can effectively establish and form a mechanism and channel for workers with housing to help workers without housing, and housing provident fund provides financial assistance to workers without housing, which reflects the mutual assistance of housing provident fund to workers;

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.

legal ground

"Regulations on the Management of Housing Provident Fund" Article 24 If an employee is under any of the following circumstances, he can withdraw the storage balance in the employee's housing provident fund account:

(a) the purchase, construction, renovation and overhaul of owner-occupied housing;

(2) retirement;

(three) completely lose the ability to work, and terminate the labor relationship with the unit;

(4) Having left the country to settle down;

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

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