Can the social security accumulation fund be taken out?

As long as one of the following conditions is met, the provident fund in the social security card can be withdrawn:

1. When purchasing, constructing, renovating or overhauling self-owned housing;

2. When retiring or reaching retirement age;

3, completely lose the ability to work, and terminate the labor relationship with the unit;

4. When the account moves out of the city or leaves the country to settle down;

5, non city workers transferred from the city;

6 workers to repay the principal and interest of housing loans, you can withdraw the balance of housing provident fund to offset.

When withdrawing the employee housing provident fund, 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.

Social security accumulation fund: that is, when workers lose their ability to work due to old age, they will be paid living expenses and taken care of in their lives during their retirement. That is, the payment of living expenses and medical expenses during unemployment, as well as job-changing training, self-help in production, job introduction and other safeguard measures. Social security accumulation fund, in fact, mainly refers to housing accumulation fund, which is a long-term housing savings. Usually government agencies and institutions, urban private enterprises and collective enterprises, state-owned enterprises, other urban enterprises, foreign-invested enterprises, institutions, social organizations, private non-enterprise units, etc. All pay social security accumulation fund for employees of this unit. At present, employee social security is compulsory, and provident fund is not a compulsory payment item.

1. What are the uses of social security accumulation fund?

1, social security

Social security insurance generally includes endowment insurance, medical insurance, industrial injury insurance, maternity insurance and unemployment insurance. As long as you can pay social security fees in full and on time every month and reach the cumulative payment period, you can enjoy the corresponding treatment and subsidies.

2. Reserve fund

The main function of the provident fund is to buy houses, houses and repair buildings, and parents can also buy them for their children.

Legal basis:

"Regulations on the Management of Housing Provident Fund" Article 24 If an employee is under any of the following circumstances, he can withdraw the storage balance in the employee's 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.