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

The benefits of housing provident fund mainly include:

1. The housing provident fund paid by employers and individuals according to the prescribed proportion can be exempted from personal income tax, that is, the amount paid into the personal account of housing provident fund and the interest income of housing provident fund are exempted from personal income tax.

2. When buying a house, you can enjoy low-interest provident fund loans. When employees use provident fund to purchase or build their own houses, they can apply for housing provident fund loans according to conditions.

3. The account amount of the provident fund can be used as other supplementary funds for individuals or families. Under normal circumstances, when employees retire, the housing provident fund that has not been withdrawn from their personal accounts can be returned to their own accounts after the principal and interest are settled in one lump sum, and the provident fund can be used as a supplement to pensions.

Article 3 of the Regulations on the Management of Housing Provident Fund

The housing accumulation fund paid by individual employees and the housing accumulation fund paid for employees by the unit where the employees work belong to individual employees.

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The above answer is only for the current information combined with my understanding of the law, please refer carefully!

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