What is the impact of cutting off the Shanghai provident fund?

The impact of cutting off the Shanghai provident fund is as follows:

1, the termination of the provident fund will only affect those who already have provident fund loans or are going to apply for provident fund loans, and others have no direct impact. Workers have applied for provident fund loans, and the housing provident fund has been broken for a long time. The housing provident fund management center can calculate the remaining loans according to the commercial loan interest rate according to the contract;

2. The housing provident fund has been broken off for two months, and it is temporarily impossible to withdraw the housing provident fund. It didn't work. As long as you don't buy a house, provident fund loans may be more troublesome if there is a demand for buying a house. For example, first-tier cities want to have continuous payment requirements for social security in registered permanent residence, a first-tier city;

3. The housing accumulation fund has been cut off and will not be cancelled. But if you don't pay it continuously, you can't use it for loans when you buy a house, you can only use the money in your account. Only by continuous payment (6 months in Shanghai) can the loan be obtained;

4. The housing accumulation fund has been broken, and the registered permanent residence can actually be transferred to the city where you work now. But if you want to buy it, you should decide according to the policy of the city where you work;

5. The housing accumulation fund is broken. If you want to cancel, you must first reset the card of the housing provident fund. You'd better ask at the bank. Employee accounts are sealed and cannot apply for housing provident fund loans, but the balance in the account can be withdrawn because of the purchase of owner-occupied housing;

6. In addition, the provident fund has not been paid for 3 months, and it will be paid for 6 months after the new job.

To sum up, although the termination of the provident fund will not invalidate the account, it will also have many effects, so I suggest you not to stop the payment.

Legal basis:

Article 63 of People's Republic of China (PRC) Social Insurance Law

If the employer fails to pay social insurance premiums in full and on time, the social insurance premium collection agency shall order it to pay or make up within a time limit. If the employer fails to pay or repay the social insurance premium within the time limit, the social insurance premium collection agency may inquire about its deposit account in banks and other financial institutions; And can apply to the relevant administrative departments at or above the county level to make a decision on the allocation of social insurance premiums, and notify their bank or other financial institutions in writing to allocate social insurance premiums. If the balance of the employer's account is less than the social insurance premium that should be paid, the social insurance premium collection agency may require the employer to provide guarantee and sign a deferred payment agreement. If the employer fails to pay the social insurance premium in full and fails to provide guarantee, the social insurance premium collection agency may apply to the people's court for sealing up, distraining and auctioning the property whose value is equivalent to the social insurance premium that should be paid, so as to offset the social insurance premium with the proceeds from the auction.