The Regulations on the Management of Housing Provident Fund stipulates that the contribution ratio of employees and units' housing provident fund shall not be less than 5% and shall not be higher than 12%. At present, the regulations of various provinces, municipalities and autonomous regions are inconsistent. From May, 2065438, 1 day, China will gradually reduce the deposit ratio of housing provident fund, and all the deposit ratios above 12% will be standardized and adjusted, and shall not exceed 12%.
Legal basis: Regulations of the State Council Municipality on the Administration of Housing Provident Fund.
Article 16 The monthly deposit amount of employee housing provident fund shall be the average monthly salary of the employee in the previous year multiplied by the deposit ratio of employee housing provident fund.
The monthly deposit amount of housing provident fund paid by the unit for employees is the average monthly salary of employees in the previous year multiplied by the proportion of housing provident fund paid by the unit.
Seventeenth new employees began to pay the housing provident fund from the second month of work, and the monthly deposit amount was the employee's own salary multiplied by the employee's housing provident fund deposit ratio.
The newly transferred employees of the unit shall pay the housing provident fund from the date when the transferred employees pay their wages, and the monthly deposit amount shall be the employee's monthly salary multiplied by the employee's housing provident fund deposit ratio.
Eighteenth employees and units housing provident fund deposit ratio shall not be less than 5% of the average monthly salary of employees in the previous year; Conditional cities can appropriately increase the deposit ratio. The specific deposit ratio shall be drawn up by the Housing Provident Fund Management Committee and submitted to the people's governments of provinces, autonomous regions and municipalities directly under the Central Government for approval after being audited by the people's governments at the corresponding levels.