Wuhan provident fund withdrawal policy

Extraction of housing accumulation fund

1. Under what circumstances can employees withdraw the storage balance of the housing provident fund account?

Under any of the following circumstances, employees may withdraw the balance in their provident fund accounts from the bank where they open their housing provident fund accounts (transfer or withdrawal shall be handled in accordance with regulations):

(a) the purchase, construction and decoration of their own houses;

(2) retirement;

(three) due to complete loss of working ability and other reasons, the labor relationship with the unit is terminated and there is no new receiving unit;

(four) the account moved out of Wuhan or settled abroad;

(5) Repaying the principal and interest of the house purchase loan (specific terms shall be written separately);

(six) the employee died or was declared dead during his tenure, and his successor or legatee obtained the beneficial right according to law;

(seven) the right to purchase the leasehold of public houses directly under the government; (eight) employees who have been admitted to full-time universities (including graduate students) have resigned to study;

(9) Resignation of migrant workers from other places.

2. What supporting documents are needed for housing provident fund withdrawal?

(1) What documents do employees need to provide to withdraw housing provident fund after retirement?

If the employee retires, provide the retirement certificate, ID card and copy issued by the Bureau of Retired Veteran Cadres of the Municipal Party Committee and the Bureau of Retired Veteran Cadres of the Central Ministry; If an employee retires, he/she shall provide the retirement certificate issued by the county labor department, the retirement certificate issued by the organization and personnel department at or above the county level, the household registration book of housing provident fund, the ID card and its copy.

(2) What documents do employees who have completely lost their ability to work and terminated their labor relations with the unit need to provide to withdraw the housing provident fund?

Workers who completely lose their ability to work and terminate their labor relations with the unit shall provide the official documents and copies of the termination of labor relations with the unit, the disability certificate issued by the hospital at or above the municipal level, the household registration book of housing provident fund, ID card and copies.

(3) What documents should be provided by the heirs or legatees to withdraw the housing accumulation fund when the employees are dead or declared dead?

If an employee dies or is declared dead, his successor or legatee shall provide the employee's death certificate and its photocopy, the household registration book of housing provident fund, and the identity card of the successor or legatee and its photocopy; In addition, the heir should provide the household registration book or marriage certificate and a copy that can show the identity of the heir; The legatee shall provide a will and a copy of it notarized by the notary department indicating the rights of the legatee. If there is any dispute over the right of inheritance or bequest, a written judgment, ruling or conciliation statement of the people's court and its copy shall be provided.

(4) What supporting documents do employees need to provide when they move out of this city to withdraw housing provident fund?

If the employee's household registration moves out of this city, the household registration certificate issued by the police station where the household registration is located (or the household registration certificate issued by the police station where the household registration is located), the household registration book of the housing provident fund, the ID card and its copy shall be provided.

5] What documents do non-registered employees and units need to provide to terminate their labor relations and leave the city to withdraw housing provident fund?

Non-registered employees and units that terminate labor relations and leave the city shall provide proof of termination of labor relations, household registration book of housing provident fund, ID card and a copy.

[6] What supporting documents do employees need to provide when they leave the country to settle down and withdraw housing provident fund?

Workers who leave the country to settle down need to provide immigrant visa and cancellation certificate, household registration book of housing provident fund, ID card and a copy issued by their embassy or consulate.

What documents should employees provide once they purchase commercial housing and affordable housing in the primary market and withdraw housing provident fund?

Employees who purchase commercial housing and affordable housing in the primary market but have not paid off the house price in full need to sign a standardized house purchase contract with the developer in accordance with the provisions of the "Wuchengfang (2005) No.90 Document" of the Municipal Real Estate Bureau. The contract has been formally filed and stamped with the "Contract Registration Seal", the official contract and its photocopy, the down payment receipt and its photocopy, the seller's collection account number, the housing provident fund account book, the ID card and its photocopy. Such withdrawals are processed by transfer.

If the house price has been paid off, employees can withdraw cash (subject to the time of receiving the house ownership certificate), land use right certificate (with a copy), house purchase contract (with a copy), full purchase invoice (with a copy) or formal payment receipt (with a copy) and housing provident fund reconciliation account book within three years after purchasing the house.

(8) What supporting documents do employees need to provide to purchase "reformed houses" and withdraw housing accumulation fund?

When employees purchase public houses directly managed by the Real Estate Bureau, they need to provide a formal Notice of Purchase (with a copy), a purchase agreement (with a copy), a household registration book of the housing provident fund, an ID card and a copy, and a collection account number of the Municipal Real Estate Bureau or the District Real Estate Bureau. Withdrawals should be made by transfer.

Workers who purchase self-managed public houses need to provide the Approval Document for Housing Reform and Selling Houses issued by the Housing Reform Office (with a copy attached), the purchase agreement signed between the employees and the unit (with a copy attached), the down payment receipt (with a copy attached), the household registration book of the housing provident fund, the ID card and a copy, and the collection account number of the selling unit. Withdrawals should be made by transfer.

If the house price has been paid off, employees can withdraw cash (subject to the time of receiving the house ownership certificate), land use right certificate (with a copy), house purchase contract (with a copy), full purchase invoice (with a copy) or formal payment receipt (with a copy) and housing provident fund reconciliation account book within three years after purchasing the house.

(9) What documents do employees need to provide to purchase "second-hand houses" and withdraw housing accumulation fund?

The purchaser can withdraw cash within three years (subject to the time when the house ownership certificate is collected) on the strength of the house ownership certificate (attached copy), the stock house contract and its copy, the tax-paid deed tax invoice and its copy, the housing accumulation fund household registration book, and the ID card and its copy.

⑽ What documents do employees need to provide to purchase the unit fund-raising house and withdraw the housing accumulation fund?

Employees who purchase the unit's fund-raising house are required to provide the approval document of the planning department for the fund-raising house (with a copy attached), the agreement for participating in the fund-raising house (with a copy attached), the down payment receipt (with a copy attached), the fund-raising house organization collection account, household registration book, ID card and a copy of the housing provident fund, and handle the transfer and withdrawal.

Individuals who have paid off the fund-raising funds for building houses can withdraw cash within three years of buying houses (subject to the time when the house ownership certificate is collected) on the basis of the house ownership certificate (attached copy), the agreement that I participated in fund-raising building (attached copy) and the official payment receipt (attached copy), the household registration book, ID card and copy of the housing provident fund.

3. What supporting documents must be provided for employees to withdraw their spouse's housing provident fund or entrust others to handle the withdrawal procedures?

If the employee withdraws the balance of the spouse's housing provident fund at the same time, he/she shall provide the proof and photocopy of the relationship between husband and wife, the spouse's ID card and photocopy, and the power of attorney signed by the spouse. Where an agent is entrusted, the power of attorney signed by the client, the client's ID card and its photocopy, and the agent's ID card and its photocopy shall be provided.

4. What are the approval and withdrawal procedures for housing provident fund withdrawal?

(1) Employees who meet the conditions for withdrawal of housing provident fund shall apply directly to their housing provident fund account opening bank with relevant certificates (and photocopies), fill out the Application Form for Withdrawal of Housing Provident Fund in Wuhan, and affix the unit seal and personal seal.

(2) If the employee himself or his successor or legatee applies for withdrawing the balance of his provident fund account, the unit where the employee works shall verify and prove the authenticity of the reason for withdrawal, and affix the official seal of the unit on the Application Form for Withdrawing Housing Provident Fund.

(3) If the employee is unable to go through the formalities for withdrawing the provident fund in person for some reason, he may entrust others or his unit to handle it on his behalf.

If someone else is entrusted to go through the formalities, the employee himself shall issue a power of attorney, and indicate the name and ID number of the agent.

Where a unit is entrusted to go through the formalities, the unit shall designate an agent and issue a power of attorney, and the agent shall issue his/her ID card when going through the formalities.

The supporting documents required for the withdrawal of the provident fund shall be submitted to the handling bank at the same time with the original, as the settlement basis between the handling bank and the fund center of the Municipal Housing Reform Commission.

(4) After accepting the withdrawal application, the handling bank shall make a decision on whether to approve the withdrawal within 3 days and notify the applicant. If withdrawal is allowed, the handling bank shall sign and seal the Application Form for Withdrawal of Housing Provident Fund. The applicant or his agent shall go through the deposit formalities at the handling bank with the Application Form for the Extraction of Housing Provident Fund, the household registration book of housing provident fund, ID card and photocopy, and the certificate of extraction of housing provident fund issued by the unit.

5. Under what circumstances do employees withdraw housing provident fund and their spouses withdraw their own housing provident fund at the same time?

(1) Purchase, build, renovate or overhaul self-owned houses; (two) to repay the principal and interest of housing loans; (3) Purchase the leasehold right of directly managed public houses.

6. How to determine the amount of employees' housing provident fund withdrawal?

Employees who purchase, build, renovate or overhaul their own houses can only extract the balance of housing provident fund of employees and their spouses before signing the purchase contract or agreement month (including the month) or approving the purchase, renovation and overhaul of their own houses month (including the month), and shall not exceed the cost of purchasing, building, renovating and overhauling their own houses. After the employee pays off all the housing provident fund loans in one lump sum, he can withdraw the balance of the housing provident fund of the employee and his spouse with the loan settlement certificate, and the total amount shall not exceed the repaid principal and interest of the housing loan.