What exactly is Shanghai Housing Provident Fund?

one、What is housing provident fund? The housing provident fund refers to the state agency、state-owned enterprises、Urban collective enterprises、foreign-invested enterprises、Urban private enterprises and other urban enterprises、Public institutions、Private non-enterprise units、Long-term housing savings deposited by social groups and their employees。

two、Provident fund payment ratio：The basic payment ratio of housing provident fund is：Unit 12%，Individual 9%，The housing provident fund contribution ratio of both the unit and individual employees shall not exceed 12%.；Each deposit-paying unit may decide according to its own production and operation conditions，Appropriately reduce the housing provident fund payment ratio in stages，However, the minimum deposit ratio shall not be less than 5%。three、What are the benefits of paying housing provident fund?：1.Increase employee income。

The contribution to the housing provident fund is made up of the unit and individual employees.，But they are all owned by individual employees；

1. Enjoy low interest rates on loans。There are currently two main forms of home buying loans:：Commercial loans and provident fund loans。The interest rate of provident fund loans is lower than the interest rate of bank commercial loans in the same period.，The interest is also less，Reduced the financial burden on employees；
2. Provident funds are not included in the tax component。

According to the scope of national tax collection, provident funds are not included in the tax collection technology.，It also indirectly reduces the economic burden of employees.；

1. Solve the problem of insufficient housing funds。Housing provident fund as a savings account，It is a special savings fund specially designed for employees to buy a house or decorate.；
2. Provide protection for elderly care。

Provident funds can not only be used as a reserve fund to solve housing financial difficulties，When an employee reaches the statutory retirement conditions，You can withdraw the provident fund balance from your personal account in one go to supplement your pension.，In other words, it doesn’t matter whether your provident fund is used to buy a house or decorate it.，It's all inside，You can also take it out and use it after you retire.。

Four、Features of Housing Provident Fund：

1. universality，urban employees，Regardless of the nature of their work unit、family income level、Do you already have housing?，All pay housing provident funds in accordance with regulations；
2. Mandatory，The unit fails to register housing provident fund deposits or does not handle the establishment of housing provident fund accounts for its employees，The management core of the housing provident fund has the right to order the processing within a time limit，Not handled within the time limit，Penalties may be imposed according to relevant regulations，and may apply to the People's Court for compulsory execution；
3. Welfare，In addition to the housing provident fund paid by employees，The unit also has to pay a certain amount for its employees，And the interest rate of housing provident fund loans is lower than that of commercial loans；
4. Returnability，Employees resign、retire，Or completely lose the ability to work and terminate the labor relationship with the unit，Moving out of household registration or settling abroad, etc.，The housing provident fund deposited will be returned to the individual employees。

five、Housing provident fund inquiry method：1.Counter inquiry code provident fund card and ID card，Then go directly to the Provident Fund Office，Show your ID card and provident fund card to the counter operator，

Require

Check balance。

If you are querying on behalf of someone else，Required to bring the enquirer's magnetic card，ID card，Inquiry certificate and agent’s ID card；

1. For online inquiries, first log on to the local provident fund website，Find the button for personal account information or balance inquiry，Then enter your provident fund account number and visa，After entering the verification code, click "Query" to check the status and balance.。
2. For telephone voice enquiry, first dial the local provident fund voice enquiry number.，Follow the prompts to enter your organization account number，Then enter your personal account to query；
3. Provident Fund Magnetic Card Inquiry The magnetic card is usually a Provident Fund card.。Inquiry kiosks are usually found in provident fund service halls or bank branches.。

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