Shanghai government agencies and enterprises should pay provident fund in proportion to the total monthly salary, which is 12%.

Individuals should pay personal provident fund at a rate of 8%.

The Shanghai provident fund is a housing provident fund led by the government and jointly paid by individual employees and employers.

According to Shanghai regulations, the employer should pay 12% of the provident fund in proportion to the total monthly salary, of which the unit payment ratio is 7% and the individual payment ratio is 5%.

Individuals also need to pay a personal provident fund at a rate of 8%. This 8% fee will be deducted from the individual's monthly salary and paid into their personal provident fund account.

It should be noted that the provident fund payment standards in Shanghai are different.

For groups such as urban non-private units, urban households, and rural surplus laborers who have transferred to employment, the unit deposit ratio is adjusted to 9%, and the individual deposit ratio is adjusted to 7%.

It is worth mentioning that the provident fund payment base in Shanghai is not unlimited because it has minimum and maximum payment base restrictions.

As of 2023, the minimum deposit base in Shanghai is 3,000 yuan, and the maximum deposit base is 33,475 yuan.

What can personal provident funds be withdrawn for?

According to the "Housing Provident Fund Management Regulations", after paying provident fund for a certain period of time, individuals can withdraw provident funds for the purchase, construction, maintenance, renovation of self-occupied housing, etc., and can also be used for children's education, serious illness medical treatment, etc.

To withdraw provident fund, you need to meet the corresponding conditions and apply in accordance with the prescribed procedures.

The provident fund payment standard in Shanghai is paid by government agencies, institutions and enterprises in proportion to the total monthly salary, and there is also an individual payment part. This is one of the important measures to better protect the housing rights of employees and promote the stable development of the city.

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All parties need to implement the provident fund system reasonably, fairly and transparently, and jointly build a harmonious and stable social environment.

Legal basis: Article 15 of the "Regulations of the People's Republic of China on the Administration of Housing Provident Funds" Units and employees shall contribute to housing provident funds in accordance with the prescribed proportions.

The unit shall transfer the housing provident fund payable by employees to the housing provident fund management center in a timely and full amount.