What is the minimum payment base of Hefei provident fund?

Hefei minimum provident fund payment base is the local minimum wage standard.

The minimum deposit base of Hefei housing provident fund shall not be lower than the local minimum wage standard, and the minimum deposit ratio shall be 5%. Specific to Hefei, the minimum deposit standard of housing provident fund is 206 yuan, while for the four counties and one city under the jurisdiction of Hefei, the minimum deposit standard is 188 yuan. This means that the contribution ratio of employees working in Hefei urban area or four counties and one city under the jurisdiction of the city shall not be lower than this standard, so as to ensure that every employee can pay the housing provident fund in full and on time, and provide certain economic security for the future housing demand.

Calculation method of provident fund:

1, determination of payment base: usually based on the average monthly salary of employees;

2. Payment ratio: set by local government according to local economic development level and housing situation, generally 5%-12%;

3. The proportion of individual and unit contributions: the proportion of individual and unit contributions is usually equal;

4. Provisions on the upper and lower limits of payment: all localities will set the upper and lower limits of payment according to the local economic situation to adapt to different income groups;

5. Provisions on payment time: Generally, the provident fund is paid on a monthly basis, which is withheld and remitted by the unit when the monthly salary is paid.

To sum up, employees in Hefei urban area and four counties and one city under its jurisdiction must pay the housing accumulation fund according to the local minimum wage standard, so as to ensure that every employee can provide economic security for the future housing demand.

Legal basis:

"Hefei housing provident fund collection management measures"

Article 16

On-the-job workers' housing provident fund deposit base shall not be lower than the local minimum wage standard, and shall not be higher than three times the average monthly salary of urban on-the-job workers in the previous year announced by the municipal statistics department.