Can the social security accumulation fund be taken out?

Social security accumulation fund can be withdrawn, but not in all cases, and certain conditions need to be met.

Generally, social security cannot be taken out in advance. You can apply for withdrawal only if you meet the requirements, such as the insured reaching the statutory retirement age and having paid for 15 years, or living abroad. The extraction conditions of provident fund include purchase, construction, renovation and overhaul of owner-occupied housing with ownership; Retired, retired; Completely lost the ability to work or severely disabled and dissolved or terminated the labor relationship with the unit; Settle abroad or settle in Hong Kong, Macao and Taiwan; Repay the principal and interest of the owner-occupied housing loan; The monthly rent of the rented house exceeds the monthly salary income of the family 15%.

Conditions for withdrawal of provident fund:

1. Purchase, build, renovate or overhaul the owner-occupied housing with house ownership;

2. Retired;

3, has completely lost the ability to work or severe disability, and has terminated or terminated the labor relationship with the unit;

4. Go abroad to settle down or come to Hong Kong, Macao and Taiwan to settle down;

5. Repay the loan principal and interest for purchasing owner-occupied housing;

6. The monthly rent of the rented house has exceeded15% of the family's monthly wage income;

7. Migrant workers have terminated (dissolved) labor relations with their units;

8. The employee dies or is declared dead;

9, are enjoying the minimum living guarantee for urban residents or poor relief treatment;

10, and has not been re-employed after terminating the labor relationship with the unit for more than one year;

1 1. Employees and family members have accidents due to major diseases, or major injuries have caused difficulties in family life;

12, family life is seriously difficult due to natural disasters or other emergencies.

To sum up, the social security accumulation fund can be taken out under certain circumstances, but it needs to meet the corresponding conditions and provide the necessary supporting materials. Employees should understand and abide by relevant regulations and procedures when applying for withdrawal.

Legal basis:

Regulations on the administration of housing provident fund

Article 24

In any of the following circumstances, employees may withdraw the storage balance in the employee housing provident fund account:

(a) the purchase, construction, renovation and overhaul of owner-occupied housing;

(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.