Housing accumulation fund is a long-term housing savings. It is a new system established and popularized throughout the country to establish a new urban housing system, form a stable source of housing funds, promote the accumulation and turnover of housing funds, establish a policy mortgage loan system, change the housing distribution mechanism, and improve the ability of workers to solve their own housing problems.

What are the provisions of the housing provident fund?

Housing accumulation fund is a long-term housing savings. During the employee's on-the-job period, the employee and the unit to which he belongs shall be collected month by month according to a certain proportion of the employee's personal salary and the employee's total salary, which shall be stored in a special account, managed in a unified way and used for special purposes. All permanent employees of party and government organs, mass organizations, enterprises and institutions, employees under labor contract system and Chinese employees of foreign-funded enterprises shall pay the housing provident fund.

(a) housing provident fund deposit

The average wage of employees in the previous year is the calculation base, and the amount of wages is calculated according to the provisions of the National Bureau of Statistics. The payment rate is generally determined by the local competent department according to the local actual situation, and the regulations vary from place to place. For example, in Beijing, the unit is 5% and the employee is 5%, which can be adjusted appropriately with the increase of employee's wage income. By the end of the Ninth Five-Year Plan, the contribution ratio will be no less than 10% of the total monthly salary of employees. Shanghai has 6% employees and 6% units.

(two) the source of housing provident fund paid by the unit for employees.

1, solved from housing depreciation and other transfer funds, and the insufficient part is married to the financial department and charged to the cost and expenses; The central enterprises shall be audited by the financial Ombudsman offices of the Ministry of Finance in all provinces, autonomous regions, municipalities directly under the Central Government and cities under separate state planning.

2. The administrative and public institutions will solve the problem through the adjustment of housing funds, and the insufficient part will be allocated to the full budget unit by the fiscal budget, and the institutions with the differential budget will be solved in the fiscal budget and the unit's own funds according to the proportion of the difference.

3. Self-supporting institutions are charged according to the enterprise expenditure channels.

(3) deposit and loan interest rate of housing provident fund

The deposit interest rate of housing provident fund is generally calculated according to the statutory half-year fixed deposit interest rate, and it is settled in June every year according to the listing interest rate in July 1 day of the previous year, and automatically transferred from the interest settlement date. The principal and interest of housing provident fund are exempt from personal income tax.

(four) the payment and use of housing provident fund

Employee housing provident fund can only be used for family purchase, construction and overhaul of self-occupied housing, and pay rent expenses exceeding 5% of the total family wage income. Workers and their spouses who apply for the purchase and construction of housing with housing provident fund, or carry out major or medium repairs on their own housing, shall submit relevant certificates to their work units. After the examination by the units, the units shall issue the Application Form for the Extraction of Housing Provident Fund, and the payer shall take the application form to the local housing fund management department for extraction. If the housing rent exceeds 5% of the total family wage income, the lessee shall apply to the unit where he works every year 1 February, and the unit where the lessee works shall verify the amount exceeding 5% according to the total family wage of the lessee in the previous year and the rent paid. The excess can be shared by the lessee and the employees living with their families. Appraisers fill in the "Application Form for Housing Provident Fund Extraction" with their respective extraction forms and extract them in March and April each year. Retired employees who share the expenses can apply for rent subsidies to their wage payment units according to the regulations, and the maximum amount of subsidies shall not exceed the average amount shared by employees and their families. Subsidy funds are paid from housing fund provided by employer. Workers who retire, leave their jobs or settle abroad can withdraw the principal and interest of the housing provident fund; When the job is transferred, the balance of the principal and interest of the housing provident fund will be transferred to the employee's housing provident fund account under the name of the new unit, and the employee who dies during his/her service will be given the balance of the principal and interest of the housing provident fund by his/her legal heir or legatee.

(five) the scope and order of use of housing provident fund

Employees purchase and build mortgage loans for self-occupied housing; Workers' self-occupied housing repair loans; General housing loan for urban economy; Housing mortgage loan purchased and built by the unit; After meeting the above payment needs and arranging the above loans, the balance can be used to purchase government bonds.

(six) the use of housing provident fund procedures

1. Users are eager for housing provident fund management institutions to apply for use;

2 management agencies according to the provisions of the use of housing provident fund and the annual use plan and the applicant's housing provident fund to pay hate, review the loan application;

3. Entrust the bank to review the credit of users (or units) proposed by the housing provident fund management institution according to the relevant regulations, and determine whether to issue loans;

4. Go through the loan procedures and recover the loan on schedule.

(seven) the management of housing provident fund

Municipalities (counties) people's governments are responsible for formulating specific provisions on the collection, use and management of housing provident fund, examining and approving the use plan of housing provident fund and financial revenue and expenditure budget and final accounts, and implementing leadership and supervision over the housing provident fund management institutions. Housing provident fund management institutions are responsible for the collection, payment, accounting and preparation of use plans and other management work. The responsibility of the housing provident fund management institution is:

1. Approve the payment base of housing provident fund;

2. Supervise the unit to remit the housing provident fund on a monthly basis;

3. The relevant departments of the contract shall prepare the annual use plan of the housing provident fund;

4 review all users (or units) to use the reserve application;

5. Supervise the entrusted bank to handle the housing provident fund deposit and loan business as agreed;

6. Accounting of housing provident fund:

7. Repay the principal and interest of employee housing provident fund.

The management fee of the management institution shall be charged in the value-added income of the housing provident fund after being approved by the finance at the same level, and the financial business of the deposit and loan passbook of the housing provident fund shall be handled by the local people's government at the bank designated by the People's Bank of China. The entrusted bank shall, in accordance with the provisions of the entrustment agreement, submit statements and delivery vouchers to the housing provident fund management institution and accept the housing.