What is the social security accumulation fund for?

The main purposes of the provident fund are: buying, building, rebuilding and overhauling self-occupied houses, repaying the principal and interest of home purchase loans, and subsidizing the rent that exceeds the family wage income.

The functions of social security are:

1, to provide living security for the elderly when they are weak and unable to work.

After paying the old-age insurance, you don't have to pay it again when you reach a certain age, and you can start receiving a monthly pension. You can enjoy a more comfortable old age by paying for basic necessities with a pension.

2. Provide daily life and living security.

Medical insurance, maternity insurance and industrial injury insurance will all play a great role in the event of accidents, which can be said to be life support.

Unemployment insurance provides living security for the unemployed.

The role of housing provident fund:

1. Paying provident fund can increase personal income. Because the provident fund is the part paid by the individual, all the part paid by the unit is credited to the personal account and belongs to the personal property.

2. You can pay less personal income tax. Part of the income from paying the provident fund can be tax-free.

3. You can enjoy low-interest provident fund loans when buying a house. Personal loan debts without provident fund and other outstanding debts that may affect the repayment ability of loans.

Provident fund withdrawal types are:

1, agreed to extract. Agreed withdrawal of provident fund means that employees and their spouses apply for withdrawal of provident fund for reasons such as purchase, construction, renovation, overhaul of owner-occupied housing and repayment of principal and interest of housing loans. The provident fund management center will transfer the extracted provident fund to the employee's own provident fund joint card savings account on time according to the agreed time when applying.

2. Partial extraction. Partial withdrawal of provident fund means that the depositor of provident fund applies for partial withdrawal of provident fund according to the requirements of partial withdrawal of provident fund. The maximum withdrawal amount is the total account amount minus 10 yuan.

3. Cancel the account. Cancel the withdrawal of provident fund withdrawal: canceling the withdrawal of provident fund withdrawal is similar to canceling the withdrawal of bank account. When handling the withdrawal of account cancellation, you only need to fill in the withdrawal application form of account cancellation according to the requirements of withdrawal of provident fund and withdraw the provident fund from the management department.

I hope the above content can help you. Please consult a professional lawyer if you have any other questions.

Legal basis: Article 4 of People's Republic of China (PRC) Social Insurance Law. Employers and individuals in People's Republic of China (PRC) pay social insurance premiums according to law, and have the right to inquire about payment records and personal rights records, and require social insurance agencies to provide social insurance consultation and other related services. Individuals enjoy social insurance benefits according to law and have the right to supervise the payment of their own units. Fifth people's governments at or above the county level shall incorporate social insurance into the national economic and social development plan. The state raises social insurance funds through multiple channels. People's governments at or above the county level shall give necessary financial support to social insurance. The state supports social insurance through preferential tax policies.