Housing accumulation fund is a kind of compulsory housing savings. It is a personal housing consumption fund established by means of "personal storage and unit subsidy" in accordance with national policies and regulations, which is specially used for individuals to pay housing expenses. Housing provident fund is a kind of compulsory long-term savings, which is paid by employees and their units. Individual employees pay a certain proportion of their wages in the provident fund on a monthly basis; The unit also provides a monthly provident fund that accounts for a certain proportion of employees' wages. Both of them are owned by each employee, and they are paid when the salary is paid and deposited into the employee's personal provident fund account. When an employee retires, the accumulated principal and interest of the provident fund will be settled in one lump sum and returned to the employee himself. In addition, when an employee dies while on the job, the remaining provident fund principal and interest can be withdrawn by his successor or legatee according to the Inheritance Law.

Before you retire, your housing accumulation fund can be used for: purchasing, building, and repairing your own house; Repay the loan for my own housing; Pay my share of the rent that exceeds 5% of my salary; When you retire, you can settle and withdraw all the balance of the housing provident fund at one time.