What is the impact of Guangzhou social security provident fund payment break

Social Security Provident Fund is a basic measure to protect the rights and interests of workers, and can provide financial assistance to workers in times of need. When we specialize, lose our jobs, or choose to work on our own, we may have to stop contributing to our social security fund. What is the impact of the Guangzhou Social Security Provident Fund? The following is a brief description of the situation. A, Guangzhou social security provident fund broken what effect

Social security is cumulative, broken make-up contributions can be, but the provident fund broken will be blocked, can not make up for the contributions. Re-contributing accumulates the amount, but not the time. Housing Provident Fund Center's policy is to pay continuously for more than 6 months can apply for a loan, if you break the payment for a month, re-payment of time again from January to start counting. Of course, the break in the payment of provident fund for those who do not need to buy a house will not have any impact, but for those who need to buy a house or a loan will be affected by some, such as loan approval can not be down and so on.

Two, what is the use of provident fund

1, loan

The use of provident fund loans is currently the most common means. In terms of purely analyzing the interest rate, the interest rate of CPF loans is much lower. So most of the current home buyers or people who need a loan will use this type of loan. The specific amount of CPF loan is still based on the loan policy of each region to decide

2, withdraw

In fact, the withdrawal of CPF is also more common in our life. If you are currently using CPF to buy a house, then you can use the CPF money to pay back the interest of the loan. Of course if you don't need a loan in the process of buying a house, you can take out all the CPF money and use it.

Three, social security provident fund payment base how to calculate

Generally on the previous year my salary income for the contribution base.

1, the employee's salary income is higher than 300% of the average salary of local employees in the previous year, 300% of the average salary of local employees in the previous year for the contribution base;

2, the employee's salary income is lower than 60% of the average salary of local employees in the previous year, 60% of the average salary of local employees in the previous year for the contribution base;

3, the employee's salary in the range of 300% -60%. Declare according to the truth. When the employee's salary income cannot be determined, the contribution base is determined by the average salary of the local employees in the previous year announced by the local labor administration department as the contribution salary.

Legal basis for social security and provident fund

Article 3 of the Labor Law stipulates that workers have the right to equal employment and choice of occupation, the right to remuneration for work, the right to rest and leave, the right to protection of labor safety and health, the right to vocational skills training, the right to social insurance and welfare, the right to submit a request for the handling of labor disputes, and the right to receive the necessary training as prescribed by law. rights to receive social insurance and welfare benefits, the right to seek redress for labor disputes, and other labor rights provided for by law.

Article 72 stipulates that the social insurance fund shall determine the source of funding according to the type of insurance and gradually implement social integration. Employers and workers must participate in social insurance and pay social insurance premiums in accordance with the law.

Article 74 stipulates that the social insurance fund management organization shall collect, manage and operate the social insurance fund in accordance with the provisions of the law, and shall be responsible for preserving and increasing the value of the social insurance fund. The supervisory organization of the social insurance fund shall supervise the income and expenditure, management and operation of the social insurance fund in accordance with the provisions of the law. The establishment and functions of social insurance fund management organizations and social insurance fund supervisory bodies are prescribed by law. No organization or individual may misappropriate the social insurance fund.