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What is the minimum housing provident fund payment?

There is no clear minimum amount to pay, it depends on different local policies and the ratio of enterprises to individuals.

According to the Provident Fund Management Regulations, the general contribution ratio between enterprises and individuals is 8-15%. If the payment base is determined based on 2,000 yuan and 8% is paid, then the enterprise and individual will each pay 160 yuan, which adds up to 320 yuan per month.

Provident Fund: Provident Fund, usually refers to housing provident fund, sometimes also refers to company provident fund.

The housing provident fund refers to the long-term housing savings deposited by state agencies, state-owned enterprises, urban collective enterprises, foreign-invested enterprises, urban private enterprises and other urban enterprises, institutions, private non-enterprise units, social groups and their employees.

Since July 1, 2017, all housing provident fund off-site transfer and continuation business can be handled through the "National Housing Provident Fund Off-site Transfer and Continuation Platform."

Gradually realize "accounts follow people and money follows accounts".

At the same time, we vigorously promote off-site loan services to meet the capital needs of deposited employees to purchase housing across regions.

Payment regulations Beijing has clarified the specific conditions for enterprises to apply for reducing the provident fund payment ratio or deferring payment.

For enterprises experiencing production and operation difficulties, after discussion and approval by the workers' congress or trade union, if there is no workers' congress or trade union, with the consent of more than 2/3 of all employees, they can apply to reduce the housing provident fund payment ratio within the range of 1%-4%.

Or apply for deferral of payment.

Shanghai regulations stipulate that enterprises with production and operation difficulties that meet the prescribed conditions can apply to reduce the housing provident fund payment ratio or postpone the payment of housing provident fund.

Enterprises can apply to reduce the deposit ratio to less than 5%.

If an enterprise applies to reduce the contribution ratio or postpone the payment of housing provident fund, it must be discussed and approved by the employee congress or labor union of the unit, and the application must be submitted to the Municipal Provident Fund Management Center.

Tianjin Municipal Regulations stipulate that after discussion and approval by the workers' conference or workers' representative conference (trade union), enterprises with production and operation difficulties can apply for a reduction in the deposit ratio. The reduction ratio is adjusted from the current no less than 5% for the unit and employees to no less than 5% for the unit and employees.

1% each, and at the same time cancel the "loss in the previous year" condition for applying to reduce the proportion.

Nanjing Municipal Regulations stipulate that if an enterprise really has difficulty in making deposits, after discussion and approval by the enterprise’s employee congress or labor union, and after review by the Nanjing Housing Provident Fund Management Center (Branch Center), the deposit ratio can be reduced or the payment can be postponed until the economic benefits of the enterprise are achieved.

After things get better, increase the deposit ratio or resume deposits and make up for the deferred payment.

The minimum deposit ratio shall not be less than 5%.