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What is the Five Funds?
The answer is for reference only.

Foreign enterprises can withdraw five funds: medical insurance fund, housing accumulation fund, retirement insurance fund, employee education fund and trade union fund.

The three old-age pensions we usually talk about include old-age, unemployment and medical insurance.

Social insurance for urban workers actually includes "hardware" such as pension, unemployment, medical care, work injury and maternity.

1, medical insurance fund:

Medical insurance refers to a social insurance system in which the state and society provide necessary medical services and material help when workers need treatment due to illness, disability or childbirth.

2. Housing accumulation fund:

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 (hereinafter referred to as units) and their employees.

3, the endowment insurance fund:

Old-age insurance refers to a social insurance system in which workers quit their jobs in accordance with state regulations and enjoy certain material help from society when they reach the legal retirement age or lose their ability to work due to old age or illness. China's retirement and resignation system belongs to the category of endowment insurance. Pension insurance benefits include retirement fees, retirement fees, retirement living expenses, price subsidies and living subsidies.

4. Staff education funds and trade union funds. How do white-collar workers reasonably avoid taxes (provident fund, various rents, training and education fees)?

5, maternity insurance fund:

Maternity insurance fund is an integral part of the whole social insurance fund, which is specially raised according to national laws to pay for the relevant treatment of maternity workers. Its main function is to pay medical expenses and maternity allowance for female workers who leave their jobs temporarily because of childbirth. The maternity insurance fund is mainly paid by the units participating in the overall planning, and individual employees do not pay maternity insurance premiums.