Do you need to make up for a broken month of provident fund contributions?

You can make up the contributions if you are hired by a new organization in the same month that you left your job, then you can make up the contributions to achieve continuity. Taking into account the personal accounts of the employees, sealing the transfer and transfer into the merger may be delayed, so the actual operation, within one or two months of the missed contributions are allowed to make up for the payment. To make up the payment to provide labor contracts or social security account vouchers, if the interruption time is longer, and again to make up the payment will be very troublesome.

What is the impact of a broken housing fund

1. A number of places have CPF loan to buy a house regulations, you need to pay 6 months or 12 months of continuous CPF, if the middle of the interruption is not counted, will recalculate the contribution time.

2. Impact on CPF loan amount. A break in CPF contributions for a few months means that the CPF account has not been credited for these months, and in many places, the CPF loan amount is calculated based on the total amount of the account, so this may result in an insufficient loan amount.

3. Bank provident fund loans. If you have applied for a provident fund loan, but your provident fund has not been paid in full and on time for three consecutive months or a total of six months, the provident fund management center may cancel the provident fund loan you applied for earlier.

: CPF top-up contributions need to be made through the organization where you work, and there is no way for an individual to make top-up CPF remittances. Usually, an enterprise or unit will make monthly contributions to the employee's provident fund, and sometimes there may be overpayment or underpayment for some reasons. The provident fund management center will notify the employer of the underpayment, and the employer will choose to make the contributions at a definite time for the employees.

Legal basis: "Housing Provident Fund Regulations" Article 20 units should pay housing fund on time, in full, shall not be late or underpaid. For units that have difficulties in contributing to the housing fund, discussed and approved by the staff congress or trade union, and reviewed by the housing fund management center, approved by the housing fund management committee, you can reduce the percentage of contributions or deferred; to be improved after the unit's economic performance, and then increase the percentage of contributions or make up for the deferred contributions.