Is the payment base of housing provident fund salary?

The payment base of housing provident fund is salary.

Total wages include allowances, overtime pay, year-end bonus, etc. , the payment base is the average monthly salary. The payment base of social security and provident fund shall be the same as the total wages, and shall not be higher or lower than the total wages. Enterprises shall not reduce the payment base in order to save costs, so as not to infringe upon the rights and interests of employees. New employees start to pay provident fund from the second month, and the payment base is the actual salary of that month. The monthly payment will be calculated according to the proportion of individuals and units.

Calculation method of housing accumulation fund:

1. Payment ratio: stipulated by the local government, generally 5%-12%;

2. Payment base: usually based on the average monthly salary of employees;

3. Upper and lower limits: the local government will set the upper and lower limits of the payment base, and the excess will not be included in the provident fund payment;

4. Individuals and units: employees and units need to pay in the same proportion;

5. Adjustment mechanism: the payment base of the provident fund will be adjusted regularly according to the changes of employees' wages and the adjustment of local policies.

To sum up, the payment base of housing provident fund is the total average monthly salary, including subsidies, overtime pay and year-end bonus. The payment base of social security and provident fund should be consistent with the total wages. Enterprises shall not reduce costs and protect the rights and interests of employees by adjusting the payment base. New employees shall pay the provident fund from the second month, and the monthly payment shall be calculated according to the actual salary and the prescribed proportion.

Legal basis:

Regulations on the administration of housing provident fund

Article 16

The monthly deposit amount of employee housing provident fund is the average monthly salary of employees in the previous year multiplied by the deposit ratio of employee housing provident fund. The monthly deposit amount of housing provident fund paid by the unit for employees is the average monthly salary of employees in the previous year multiplied by the proportion of housing provident fund paid by the unit.