According to the Regulations of Zhejiang Province on the Management of Housing Provident Fund and the Measures of Hangzhou Municipality on the Management of Housing Provident Fund, the contribution ratio of employee provident fund in Hangzhou is 12%, of which the individual contribution ratio is 6% and the unit contribution ratio is 6%. The minimum monthly deposit of employees is 524 yuan. It should be noted that when employees have low monthly income or personal financial difficulties, the proportion of individual contributions can be appropriately reduced. In addition, for urban house buyers, the maximum amount of the first application for withdrawing provident fund for house purchase is 70% of the balance of personal account and the total amount of personal deposit.
If the individual's monthly income is high, is there an upper limit for paying the provident fund? According to the relevant provisions of the state, if the monthly income of employees exceeds 3 times the average social wage of this municipality last year, the deposit base shall be 3 times the average social wage of this municipality last year as the upper limit.
The contribution ratio of Hangzhou employee provident fund is 12%, and the minimum individual contribution is 524 yuan. If an individual's monthly income exceeds 3 times the average social wage of this Municipality last year, the deposit base shall be 3 times the average social wage of this Municipality last year as the upper limit. In the purchase, withdrawal and other operations, it is necessary to follow the relevant policies.
Legal basis:
"Regulations on the Administration of Housing Provident Fund" Article 16 The monthly deposit amount of employee housing provident fund is 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.