Provident fund base and social security base

The EPF salary base and the social security are somewhat related, but the housing fund base and the social security base do not need to be the same. The monthly contribution to an employee's housing fund is the employee's own average monthly salary for the previous year multiplied by the employee's housing fund contribution ratio. The monthly contribution to the Housing Provident Fund made by the organization for the employee is the employee's average monthly salary for the previous year multiplied by the organization's Housing Provident Fund contribution ratio. So is the CPF base the same as the social security base? In order to help you better understand the relevant legal knowledge, organized the relevant content, let's come together to understand it. First, public fund base and social security base is the same is not the same. Housing fund and social security belong to different purposes, housing fund base and social security base there are differences. The monthly contribution to the employee's housing fund is the employee's average monthly salary for the previous year multiplied by the employee's housing fund contribution ratio. The monthly contribution to the housing fund for the employee is the average monthly salary of the employee multiplied by the ratio of the unit's contribution to the housing fund.

Second, how to withdraw the fund according to the State Council issued the "Housing Provident Fund Regulations," the provisions of the twenty-fourth, the employee has one of the following circumstances, you can withdraw the balance of the storage in the employee's housing provident fund account: (a) the purchase, construction, renovation, repair of self-owned housing; (b) retirement, retirement; (c) complete loss of labor (C) total loss of labor capacity, and terminate the labor relationship with the unit; (D) out of the country to settle; (E) repayment of the principal and interest on the purchase of housing loans; (F) rent exceeds the prescribed percentage of household income. Article 25 of the employee to withdraw the housing fund account of the stored balance, the unit shall be verified, and issued by the withdrawal certificate. The employee shall apply to the Housing Provident Fund Management Center for the withdrawal of housing fund with the withdrawal certificate. Housing fund management center should be accepted from the date of application within 3 days of the decision to allow or not allowed to withdraw, and notify the applicant; allowed to withdraw, by the commissioned bank for payment procedures.

Third, how to get a loan from the provident fund (a) preliminary examination. That is by the housing fund management center on the applicant to submit materials for preliminary review, including the applicant's qualifications, the amount of the loan, the duration of the loan, after the preliminary review qualified, the center issued a collateral review and evaluation notice.

(ii) Assessment. The applicant is required to hold the collateral review and assessment notice to the center of the designated assessment agency, the value of the purchased housing assessment, affordable housing does not need to be assessed.

(iii) Audit. The applicant concerned holds the appraisal report issued by the appraisal institution as well as the preliminary materials required by the center to the center for loan review. If qualified, the center issues a "Notice of Investigation of Guaranteed Entrusted Loan from So-and-so Municipal Housing Funds Management Center".

(D) for guarantee procedures. The applicant holds "a certain city housing fund management center guarantee entrusted loan investigation notice", in accordance with their choice of guarantee method for guarantee procedures. If you choose to mortgage plus guarantee, the guarantor should issue a written letter of guarantee; if you choose to mortgage plus insurance or third-party guarantee, you should go to the insurance company to insure or to the guarantee agency for entrusted guarantee procedures.

(e) Sign the loan contract.

The above is for you to introduce in detail about the base of the provident fund and social security base the same knowledge, housing fund and social security belong to different purposes of the two social security systems, they are not the same. The housing fund is mainly used to apply for a provident fund loan when you buy a house, and the social security is related to the receipt of pensions and medical care.