The establishment of employee housing provident fund is a measure to promote the reform of housing system in China, aiming at solving the housing difficulties of employees, which is shared by the state, the collective and the individual. According to the regulations, all employees who have paid the provident fund have the right to enjoy such loans and can apply for provident fund loans in accordance with the relevant provisions of provident fund loans.
The housing accumulation fund is deducted from the monthly salary of employees by the unit, and the proportion ranges from 5- 13% of the salary, and some units have more than 3% and 13%, mainly depending on the actual situation of the unit. Units pay at the same time according to the same proportion, all of which belong to the employees themselves.
After the provident fund has been paid for one year, you can apply for a provident fund loan to buy a house. Before retirement, your housing provident fund can be used to: buy, build and maintain your own house; Repay the loan for one's own house; Pay my share of the rent that exceeds 5% of my salary; When you retire, you can settle all the principal balance of the housing provident fund in one lump sum. According to the Notice on Adjusting the Extraction Method of Housing Provident Fund of Central State Organs:
If you buy a house after July 1 2004 and have no loan, you can withdraw the storage balance in the housing provident fund account once a year.
If your conditions meet the family rules, you can return them.