1. The unilateral provident fund refers to the provident fund paid and deposited by the unit on behalf of employees or the provident fund paid and deposited by employees individually.

For example, if an employee’s monthly salary is 10,000, the unit’s provident fund payment ratio is 12%, and the individual’s provident fund payment ratio is also 12%, 10,000 × 12% = 1,200, then the 1,200 paid by the unit or individual is the unilateral provident fund.

2. The bilateral provident fund refers to the total provident fund paid by the unit and the provident fund paid by individuals.

The provident fund deposit is composed of two parts: the employee's personal provident fund deposit and the provident fund deposited by the employee's unit for the employee's provident fund, which belongs to the individual employee.

For provident fund contributions, the monthly contribution amount of an individual's provident fund contribution is the employee's average monthly salary in the previous year multiplied by the employee's provident fund contribution ratio; the monthly contribution amount of the provident fund paid by the unit for employees is the employee's monthly provident fund contribution amount in the previous year.

The average salary is multiplied by the unit provident fund contribution ratio.

Relevant knowledge supplement: 1. Payment method (1) Direct deposit of transfer check or cash (must fill in the key "Cash Delivery Book").

⑵ Via bank transfer.

⑶Entrust bank collection method.

⑷How to withdraw housing funds.

2. Adjustment of the payment base. The payment base of the housing provident fund shall be determined based on the full salary payable by the employee at the end of the previous year, and shall be adjusted once a year. In principle, the payment base shall not exceed the above announced by the statistics department of the districted city where the employee works.

Sun Zhao is three times the average monthly salary of employees in a year.

The annual adjustment time will be notified in advance by the center.

3. Processing requirements: ⑴ Housing provident fund adjustment list.

⑵Application form for adjusting the housing provident fund payment ratio.

⑶Other materials required by the Municipal Housing Provident Fund Management Center.

4. The difference between the deposit base and the payment ratio.

The state stipulates that the contribution ratio of provident fund is 5%-12%. The highest level of provident fund is: the maximum contribution ratio of employees and the original unit shall not exceed 12%, and the maximum total contribution ratio is 24%.

Units can independently determine their own contribution ratio within this range.

It is mainly up to the company to decide which contribution ratio to choose. Of course, in different urban areas, a contribution base limit will be set based on the average regional salary. However, for most companies, the contribution ratio of the provident fund is not very high.

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For example, if the local social average salary is 6,000 yuan, then the provident fund payment range is between 300 yuan and 720 yuan.

If the local salary is 10,000 yuan, the provident fund payment range is 500 to 1,200 yuan, and units and individuals contribute in the same proportion.