How is housing provident fund calculated?
The housing provident fund is a long-term housing savings fund jointly paid by employees and employers to help employees solve housing problems. In recent years, with the rise in housing prices and policy adjustments, the calculation method of housing provident fund has become the focus of many people's attention. This article will introduce the calculation method of housing provident fund in detail, and provide you with a comprehensive interpretation based on hot topics in the past 10 days.
1. Basic concepts of housing provident fund
The housing provident fund refers to the housing savings paid by employees and employers according to a certain proportion, which is mainly used for employees to purchase, build, renovate, and overhaul self-occupied housing. The proportion and base of housing provident fund payment are stipulated by local policies, and are usually 5%-12% of employees' wages.
2. Calculation formula of housing provident fund
The calculation of housing provident fund mainly involves the payment base and payment proportion. The following is the specific calculation formula:
| Project | Calculation formula |
|---|---|
| Personal payment part | Personal monthly payment amount = payment base × personal payment ratio |
| Unit payment part | Monthly payment amount of the unit = payment base × payment ratio of the unit |
| Total monthly deposit amount | Total monthly payment amount = personal monthly payment amount + unit monthly payment amount |
3. Determination of payment base and proportion
The base for housing provident fund payment is usually the employee's average monthly salary in the previous year, but local policies may vary. The payment ratio is determined by the employer and the employee through negotiation, but it must not exceed the upper limit specified by the local area. The following are the latest payment rates for some regions:
| area | Personal contribution ratio | Unit payment ratio |
|---|---|---|
| Beijing | 5%-12% | 5%-12% |
| Shanghai | 5%-7% | 5%-7% |
| Guangzhou | 5%-12% | 5%-12% |
| Shenzhen | 5%-12% | 5%-12% |
4. Hot Topic: Adjustment of Housing Provident Fund Policy
In the past 10 days, adjustments to housing provident fund policies have become a hot topic. The following are some aspects that have attracted much attention recently:
1.Increase housing provident fund loan limits in many places: In order to support urgently needed home purchases, Beijing, Shanghai and other places announced an increase in the housing provident fund loan limit, with the maximum loanable amount raised to 1.2 million yuan.
2.Conditions for withdrawing housing provident fund are relaxed: Some cities allow employees to withdraw housing provident funds for rent, decoration and other needs, further expanding the scope of use of provident funds.
3.Optimization of provident fund loan policies in other places: Many places have implemented mutual recognition of provident fund loans in different places, making it easier for employees to buy houses across regions.
5. How to check personal housing provident fund
Employees can check their personal housing provident fund accounts through the following methods:
| Query method | Operation steps |
|---|---|
| Online inquiry | Log in to the official website or mobile APP of the local housing provident fund management center and enter personal information to query. |
| Offline inquiry | Bring your ID card to the counter of the Housing Provident Fund Management Center to handle the inquiry service. |
| Telephone inquiry | Call the housing provident fund service hotline and follow the voice prompts. |
6. Purpose of Housing Provident Fund
Housing provident funds can not only be used for home purchase loans, but can also be used for the following purposes:
1.Buy a house: Employees can use provident fund loans or withdraw provident funds to pay for the down payment of a house.
2.rent a house: Some cities allow employees to withdraw provident funds to pay rent.
3.decoration: Qualified employees can withdraw provident funds for housing decoration.
4.Retirement Withdrawal: Employees can withdraw their provident fund account balance in one lump sum after retirement.
7. Summary
The calculation of the housing provident fund involves multiple factors such as the payment base and payment ratio. Employees should understand local policies and plan their use reasonably. Recently, many places have adjusted housing provident fund policies, further improving the practicality and flexibility of provident funds. It is recommended that employees check their personal provident fund accounts regularly and make full use of this welfare policy to solve their housing needs.
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