The proportion of contribution to the provident fund is usually borne by both the unit and the individual, and the specific amount of contribution depends on the local policies and regulations and the individual's salary level.

In China, the proportion of provident fund payment is determined by local housing provident fund management centers according to local economic conditions and policy needs.

I. Determination of the proportion of provident fund payment

The proportion of provident fund payment is generally determined by local governments or housing provident fund management centers according to local economic conditions, real estate market conditions and policy needs. Therefore, there may be differences in the proportion of provident fund payment in different regions.

second, the unit pays part

when the unit pays the provident fund, it usually pays according to a certain proportion of the total wages of employees. This ratio may be fixed, or it may be different according to different grades of employees' wages. The specific proportion should be determined according to local policies and regulations.

iii. individual contributions

when individuals pay the provident fund, they also pay according to a certain proportion of their wages. The individual contribution ratio is usually the same as or slightly lower than the unit contribution ratio, but it is also affected by local policies and regulations.

iv. payment base and upper limit

in addition to the proportion of payment, there are also provisions on the base and upper limit for the payment of provident fund. The payment base refers to the wage base for calculating the amount of provident fund payment, which shall generally not be lower than the local minimum wage standard or higher than the local maximum wage base. The upper limit refers to the maximum amount that individuals and units pay the provident fund every month, and the part that exceeds this amount will no longer be included in the provident fund account.

V. Function and significance of provident fund

As a housing security system, provident fund aims to help employees accumulate housing funds and improve their ability to buy houses. Through the joint payment of units and individuals, a relatively stable source of housing funds can be formed to provide strong support for the housing needs of employees.

To sum up:

The proportion of the provident fund shall be borne by both units and individuals, and the specific proportion and base shall be determined according to local policies and regulations. Units and individuals should pay in accordance with the prescribed proportion and base to accumulate housing funds and improve the ability to purchase houses. As a housing security system, provident fund system is of great significance in helping workers solve housing problems.

Legal basis:

Article 16 of the Regulations on the Administration of Housing Provident Fund

stipulates:

The monthly contribution of employee housing provident fund is the average monthly salary of the employee in the previous year multiplied by the contribution ratio of employee housing provident fund.

the monthly deposit amount of the housing provident fund paid by the unit for employees is the average monthly salary of the employees in the previous year multiplied by the proportion of the housing provident fund paid by the unit.

Article 18 of the Regulations on the Management of Housing Provident Fund

stipulates:

The deposit ratio of housing provident fund for employees and units 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 shall be 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.