Housing accumulation fund system calculator

Tool Description: The housing provident fund calculator can help you calculate the monthly housing provident fund deposit. Operating Steps: Step 1: Fill in your monthly salary, the average salary of employees in this city in the previous year, the proportion of unit contributions and the proportion of individual contributions; Step 2: Click the "Start Calculation" button to get detailed calculation results. Note: 1, guarantee, the establishment of employee housing provident fund system provides a guarantee for employees to solve housing problems faster and better; 2. Mutual assistance, the establishment of housing provident fund system can effectively establish and form a mechanism and channel for workers with housing to help workers without housing. Housing provident fund provides financial assistance to workers without housing, which reflects the mutual assistance of housing provident fund to workers; 3. In the long run, every urban employee must pay personal housing provident fund from the date of joining the work to the date of retirement or termination of labor relations; The employee's unit should also pay the housing provident fund for employee subsidies as required.

Relevant provisions on the implementation of the housing provident fund system

At present, China's housing provident fund system is only implemented in some areas, and there is no perfect system. Combined with some mature foreign provident fund systems, generally speaking, the housing provident fund system should stipulate the following contents:

(1) object of housing provident fund.

At present, the object of implementing provident fund in China is mainly the party and government organs and mass organizations who work in this area and have permanent residence in towns and cities in this area. Fixed employees and contract employees of institutions and enterprises of various ownership systems. Retired workers and temporary workers. Foreign employees in foreign-capital enterprises and employees who buy houses at preferential prices shall not establish housing accumulation funds.

(2) Deposit of housing provident fund

Employees do not need to handle the monthly payment of provident fund by themselves, and the staff of relevant departments are designated by the unit to handle it. The staff will handle the provident fund deducted from employees' wages, together with the provident fund paid by the unit, go through the formalities at the designated financial institution and record it in the employee's individual housing provident fund account under the name of the unit. During reeducation through labor or serving a sentence, the unit and I will no longer pay the provident fund. After workers return to work or re-employment, units and workers should continue to pay provident fund. Housing provident fund deposit rate refers to the proportion of provident fund to employees' wages, including individual deposit rate and unit deposit rate. Under normal circumstances, the deposit interest rate is determined and adjusted according to the economic development and the living standards of employees. At present, considering the limited affordability of units and individuals, the deposit interest rate in areas where China has implemented provident fund, such as Beijing and Shanghai, is generally set at 5%.

(3) the use of housing provident fund

Employee-owned provident fund is mainly used to pay for the purchase of houses by employees' families, self-built self-occupied houses, renovation and overhaul of private houses. Other housing expenses, including housing interior decoration, housing maintenance, subscription of housing construction bonds and other expenses, shall not use the provident fund. After the employee transfers or sells the house purchased with the provident fund, he must return the provident fund used for the original house purchase in full and deposit it into the provident fund account under the employee's name. Workers make Sichuan households accumulate provident fund and their own cash to pay for the purchase of self-occupied housing, self-built housing, renovation and overhaul of private houses, etc. If the funds are insufficient, you can apply for a loan from the provident fund management department, and the individual employees will repay the loan regularly.

(4) Collection and transfer of housing accumulation fund.

When an employee retires, settles abroad or is transferred from the local area, the remaining provident fund will be returned to the employee with interest. At that time, employees with valid certificates, with the approval of the provident fund management department, will receive the principal and interest of the provident fund at designated financial institutions. When employees change their work units locally, the principal and interest of their housing provident fund will be transferred to the individual housing provident fund account under the name of the new unit. When the employee leaves his post for some reason and the wage relationship is interrupted, the balance of principal and interest of the housing provident fund remains in the individual housing provident fund account under the name of the original unit. If an employee dies while in office, the balance of the provident fund can be withdrawn by the heir or donor, but the beneficiary must hold a valid certificate at that time, which is issued by the unit and approved by the provident fund management department, and then go through the collection or transfer procedures at the designated financial institution.

(5) Housing accumulation fund inquiry

Financial institutions that handle the housing provident fund savings business announce the housing provident fund statement to the units and their employees every year. When employees or units need to inquire, they can obtain a statement from the financial institution with the balance of their housing provident fund on the strength of the unit certificate.

(six) housing provident fund interest.

Because the provident fund is a compulsory long-term savings and the provident fund system is a welfare guarantee system, the provident fund adopts a low interest rate, especially when the rent is lower than the cost rent, because the public rental employees' provident fund pays interest according to the bank current savings deposit rate.