It is not allowed to only pay the provident fund without paying the five insurances. Social insurance premiums are mandatory and must be paid by the employer when hiring employees.

The provident fund refers to the long-term housing savings deposited by the unit and its employees. Simply put, if you want to pay the provident fund, you must be an employee, and if you are an employee, the company must buy social security.

The employer shall apply to the social insurance agency for social insurance registration for its employees within thirty days from the date of employment.

Employers shall declare and pay social insurance premiums in full and on time on their own. Payment shall not be postponed or reduced except for legal reasons such as force majeure.

You cannot pay the provident fund separately without paying the five insurances.

For the five social insurances and one fund, you can only pay the housing provident fund and not the rest, as long as the provident fund benefits are not allowed.

Among the five insurances and one fund, the five insurances refer to: pension, medical care, work-related injury, unemployment, maternity insurance, etc. The first fund refers to the housing provident fund.

Social insurance is a type of insurance that is compulsorily required by the state. The state develops social insurance undertakings, establishes a social insurance system, and establishes social insurance funds in order to enable workers to receive help in the event of old age, illness, work injury, unemployment, childbirth, etc.

, enjoy insurance benefits.

It is the legal obligation of the employer to pay social insurance for its employees, which is obviously mandatory by the state. The employer shall not refuse to assume this legal obligation with any excuse or reason.

The housing provident fund refers to the long-term housing savings deposited by state agencies, state-owned enterprises, urban collective enterprises, foreign-invested enterprises, urban private enterprises and other urban enterprises, institutions and their employees.

The housing provident fund system is actually a housing security system and a form of monetization of housing distribution.

The housing provident fund system is an important housing social security system stipulated by national law and is mandatory, mutually supportive, and protective.

Units and individual employees must fulfill their obligations to pay housing provident funds in accordance with the law.

The housing provident fund paid by individual employees and the housing provident fund paid by the unit for them are stored in special accounts and belong to the individual employees.

The housing provident fund includes the following five aspects: 1. The housing provident fund is only established in cities and towns, and there is no housing provident fund system in rural areas.

2. The housing provident fund system is established only for current employees.

The housing provident fund system is not applicable to unemployed urban residents and retired employees.

3. The housing provident fund consists of two parts, one part is paid by the employee's unit, and the other part is paid by the employee personally.

After the employee's personal contribution is withheld by the unit, it is deposited into the housing provident fund's personal account together with the unit's contribution.

4. The long-term nature of the housing provident fund payment. Once the housing provident fund system is established, employees must make uninterrupted contributions in accordance with the regulations during their employment. Except for the employee's retirement or other circumstances stipulated in the "Housing Provident Fund Management Regulations", it shall not be suspended or interrupted.

, embodying the stability, uniformity, standardization and compulsory nature of the housing provident fund.

5. The housing provident fund is a personal housing savings deposited by employees in accordance with regulations and specifically used for housing consumption expenditures.

To sum up, it is not allowed to pay the provident fund alone without paying the five insurances.

The five insurances and one fund have many uses. Pension, medical care, maternity, work-related injury, and unemployment protection are the functions of the five insurances. House purchase loans are the most important function of the provident fund.

Legal basis: Article 86 of the "Social Insurance Law of the People's Republic of China" If the employer fails to pay social insurance premiums in full and on time, the social insurance premium collection agency shall order it to pay within a time limit or make up the amount, and the employer shall order the employer to pay the social insurance premium within a time limit or make up the amount from the date of default.

, an additional late payment fee of 0.05% will be charged on a daily basis; if payment is still not made within the time limit, the relevant administrative department will impose a fine of not less than one time but not more than three times the amount of overdue payment.