Shanghai has the highest proportion of provident fund.

According to the regulations of Shanghai Housing Provident Fund Management Center, the contribution ratio of employee provident fund is 12%, and the contribution of units and individual employees shall not exceed 20% of their total salary in the current month.

According to the regulations of Shanghai Housing Provident Fund Management Center, the contribution ratio of employee provident fund is 12%, of which units and employees respectively contribute 6%. However, the amount paid by units and individual employees shall not exceed 20% of the total salary of the month. For example, if an employee's monthly salary is 10000 yuan, then he and the unit will pay a maximum of 2000 yuan of provident fund every month. In addition, Shanghai has also set a minimum deposit, and units and individuals must pay at least 393 yuan per month. For high-income workers, Shanghai has also restricted their provident fund deposits. For employees with a monthly salary of more than 30,000, the deposit amount of units and individuals will also be limited, but the specific implementation rules have not yet been announced. It should be noted that the proportion and limit of provident fund deposit stipulated in Shanghai only apply to the housing provident fund deposit of enterprises and employees, and there is no clear provision for commercial loans for individuals to buy houses.

Why should Shanghai limit the proportion and amount of provident fund deposit? Shanghai's restrictions on the proportion and amount of provident fund deposits are aimed at ensuring the basic needs of employees and preventing excessive provident fund deposits from causing excessive pressure on their income. In addition, by limiting the proportion and amount of high-income workers' contributions to the provident fund, it can also prevent the provident fund from becoming a tax avoidance channel for high-income people.

Generally speaking, Shanghai's provident fund deposit restriction is to protect the rights and interests of employees and prevent some people from using the provident fund for property accumulation. If you work in Shanghai, it is recommended to know your own provident fund deposit and make a reasonable deposit according to your actual situation.

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 the employee 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.