It is possible to pay social security and housing provident funds to two companies separately.
The definition is as follows: 1. Nowadays, many companies only pay social security, and if employees need provident fund loans to buy houses, most of them pay on their behalf, and they can successfully obtain provident fund loans; 2. Provident fund deposits are made by employees’ personal provident fund deposits and the employee’s unit.
The provident fund contributed to the employee provident fund consists of two parts and belongs to the individual employees.
What is the difference between social security and five insurances and one fund? 1. The concepts are different; social security is the abbreviation of social insurance, which refers to the five types of pension insurance, medical insurance, maternity insurance, unemployment insurance, and work-related injury insurance; five insurances and one fund refers to pension insurance,
Medical insurance, maternity insurance, unemployment insurance, work-related injury insurance and housing provident fund; 2. Different scopes; social insurance only includes five types of insurance, including pension insurance, but the five insurances and one fund also include housing provident fund.
Legal basis: Article 10 of the "Social Insurance Law of the People's Republic of China" states that employees shall participate in basic pension insurance, and the employer and the employee shall jointly pay the basic pension insurance premiums.
Individual industrial and commercial households without employees, part-time employees who have not participated in basic pension insurance in the employer, and other flexible employment personnel can participate in basic pension insurance, and the basic pension insurance premiums are paid by individuals.
The measures for pension insurance for civil servants and staff managed with reference to the Civil Servant Law shall be prescribed by the State Council.
Article 11 The basic pension insurance shall be combined with social pooling and personal accounts.
The basic pension insurance fund is composed of employer and individual contributions and government subsidies.