Suspend the withdrawal of provident fund property fees

Since April 30, 2020, the withdrawal of provident fund property fees has been suspended. The conditions for withdrawing the housing accumulation fund are as follows: no lessee pays the rent, terminates or terminates the labor relationship with the unit, retires, goes abroad to settle down, enjoys the minimum living guarantee, builds or rebuilds the house or repays the principal and interest of the self-owned mortgage loan.

Legal objectivity:

"Regulations on the Management of Housing Provident Fund" Article 24 Employees may withdraw the balance of the housing provident fund account under any of the following circumstances: (1) purchasing, building, renovating or overhauling their own houses; (2) retirement; (three) completely lose the ability to work, and terminate the labor relationship with the unit; (4) Having left the country to settle down; (5) Repaying the principal and interest of the house purchase loan; (six) the rent exceeds the prescribed proportion of family wage income. In accordance with the provisions of items (2), (3) and (4) of the preceding paragraph, the employee housing provident fund account shall be cancelled at the same time. If an employee dies or is declared dead, the employee's heirs and legatees may withdraw the storage balance in the employee's housing provident fund account; If there is no heir or legatee, the storage balance in the employee housing provident fund account shall be included in the value-added income of the housing provident fund.