Benefit 1:

After individual deposit, the funds will be doubled. Individuals pay 5%-12%, and units subsidize in the same proportion. Therefore, after individual employees pay the housing provident fund as required, the funds will double.

benefit 2:

interest is calculated and paid. The housing provident fund paid in the current year shall be paid at the current interest rate, and if it is carried over from the previous year, it shall be paid at the three-month lump-sum interest rate.

benefit 3:

tax-free. According to the relevant provisions of the state, the housing provident fund is exempt from personal income tax; Housing provident fund paid by enterprises for employees can be deducted before tax.

benefit 4:

owned by the employees themselves. Housing provident fund is a policy fund paid by the unit and its employees according to law, which belongs to the individual employees, stored in the special account of the center, and managed and operated in a unified way.

Benefit 5:

It can be used to purchase and build occupied houses. Workers who have paid the housing provident fund can withdraw the housing provident fund with relevant legal and valid documents when purchasing or building self-occupied housing.

Benefit 6:

It can be used as a pension. After retirement, employees can withdraw all the principal and interest balance of housing provident fund at one time with retirement certificates, ID cards and other documents.

Benefit 7:

You can apply for a loan. Cadres and workers who have paid the housing provident fund normally for more than one year may apply for personal housing provident fund loans when purchasing or building self-occupied housing.