What are the uses of social security accumulation fund? Can I withdraw it?

What are the uses of social security accumulation fund?

What are the uses of social security accumulation fund?

1, social security

Social security generally includes endowment insurance, medical insurance, work injury insurance, maternity insurance and unemployment insurance. As long as you can pay social security fees in full and on time every month and reach the cumulative payment period, you can enjoy the corresponding benefits and subsidies. Social security aims to provide people with the most basic protection and is also of great significance to society.

2. Reserve fund

The main function of the provident fund is to buy houses, houses and repair buildings, and parents can also buy them for their children.

Can the social security accumulation fund be taken out?

In principle, social security and provident fund cannot be withdrawn casually, but if certain circumstances are met, the money in personal accounts can be withdrawn. Usually, the social security accumulation fund needs to meet the following requirements:

1, retire

Those who have settled abroad.

3. The insured has died before retirement.

4, to the retirement age, under the cumulative payment period will not make up.

In addition, the provident fund can be used for house purchase and decoration. Therefore, if the immediate family members of employees need to buy their own houses, repay housing loans, build and renovate houses, rent houses, etc. They can also apply for withdrawal of provident fund as long as they meet the corresponding conditions.