The company's contribution to the provident fund is 5% to 12%. The deposit ratio of provident fund generally refers to the deposit ratio of housing provident fund. Employers can make their own decisions within this range, the most common being 8%. Companies and individuals make equal contributions according to the ratio of 1: 1, that is, the company will pay as much as the individual pays.

Housing accumulation fund refers to the long-term housing savings paid by state organs, state-owned enterprises, urban collective enterprises, foreign-invested enterprises, urban private enterprises and other urban enterprises, institutions, private non-enterprise units, social organizations and their employees.

Provident fund 12% means that the payment ratio is 12%, and the amount of provident fund paid is equal to the payment base multiplied by 12%. The payment base refers to the average monthly salary level of employees in the previous year; 12% is the payment ratio, and the state stipulates that the payment ratio is 5%- 12%. The amount of provident fund payable each month is not only related to the payment ratio, but also has a very important relationship with the payment base. The higher the salary, the higher the contribution ratio and the higher the amount of provident fund paid. Housing provident fund is generally paid in full and on time for six months or more, and employees can apply for provident fund loans to buy a house. Of course, if you apply for a provident fund account in the current month, it must be in a normal deposit state. If the account is sealed, it is temporarily impossible to apply for provident fund loans.

legal ground

Regulations on the administration of housing provident fund

Article 16 The monthly deposit amount of employee housing provident fund shall be the average monthly salary of the employee in the previous year multiplied by the deposit ratio of employee housing provident fund.

The monthly deposit amount of housing provident fund paid by the unit for employees is the average monthly salary of employees in the previous year multiplied by the proportion of housing provident fund paid by the unit.

Twenty-fourth employees in any of the following circumstances, you can withdraw the balance of storage in the employee 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.