Can the provident fund for foreign work be used at home?

The provident fund for working in the field can be used at home.

After employees set up housing provident fund accounts in their new work units, they can transfer the housing provident fund of their original work units to their new work units. In the process of transfer, valid identity documents should be provided and relevant application forms should be filled in. The unit manager can handle the transfer for multiple employees. After the transfer is successful, employees can use the provident fund to buy a house or repay the loan in their place of origin.

Scope of use of provident fund:

1, which is used to purchase, build, renovate and overhaul self-owned houses;

2, used to repay the loan principal and interest for the purchase of self-owned housing;

3. When renting a house, pay the rent;

4. When retiring, withdraw the remaining provident fund balance;

5. When going abroad to settle down or emigrate, withdraw all the provident fund.

The use of the provident fund is not limited to the place of deposit. According to the relevant policies, the provident fund can be used across regions, but the specific regulations and operational procedures may vary from region to region.

To sum up, employees can transfer the housing provident fund accumulated while working in other places to the account of the new work unit, and after providing valid identity documents and filling out the application form, they can use these provident funds to buy a house or repay the mortgage in their hometown after the transfer is successful.

Legal basis:

Regulations on the administration of housing provident fund

Article 16

The monthly deposit amount of employee housing provident fund is the average monthly salary of employees 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.

Article 13

The housing provident fund management center shall set up a housing provident fund account in the entrusted bank. The unit shall register the housing provident fund deposit with the housing provident fund management center, and go through the formalities for the establishment of housing provident fund accounts for the employees of the unit. Each employee can only have one housing provident fund account. The housing provident fund management center shall establish a detailed account of employee housing provident fund to record the deposit and withdrawal of employee individual housing provident fund.

Article 20

The unit shall pay the housing provident fund in full and on time, and shall not pay it overdue or underpaid. Units with real difficulties in depositing housing provident fund can reduce the proportion of deposit or defer payment after discussion and adoption by the workers' congress or trade union of the unit, and after examination by the housing provident fund management center and approval by the housing provident fund management committee; After the economic benefits of the unit improve, the deposit ratio will be increased or the overdue payment will be postponed.

Article 21

The housing provident fund shall bear interest at the interest rate stipulated by the state from the date it is deposited in the employee housing provident fund account.

Article 22

The housing provident fund management center shall issue valid certificates for the employees who have paid the housing provident fund.

Article 23

The housing accumulation fund paid by the unit for employees shall be paid in accordance with the following provisions: (1) The organ shall pay it in the budget; (two) institutions approved by the financial sector in the budget or expenses; (3) The enterprise shall be charged in the cost.