Social Security What is the difference between housing subsidy and housing fund?

Some units will give employees housing subsidies, some units to employees is a housing fund, although both are related to "housing", but they are not the same thing. Many people will be for housing subsidies and housing fund difference especially curious, want to recognize clearly under. Here I give you the main introduction to the relevant knowledge.

A, housing subsidies and housing fund what is the difference

1, the object of the different scope

housing fund is basically the establishment of the scope of the unit of all employees, retired workers are not established; housing subsidies issued by the object of the scope of the unit of the workers and housing area does not meet the corresponding housing subsidies for their grade level Area standards of employees, including retired employees, is a part of all employees (in line with specific conditions).

2, the composition of the different

housing provident fund is made up of two parts of the employee's personal deductions from wages and unit funding; housing subsidies are unilaterally given by the unit to the employee's financial support, do not need to employees from the wages of the individual for withholding.

Two, housing subsidies and housing fund what is the connection?

1, in some cases, housing fund is equivalent to housing subsidies. Enterprises and institutions to implement the monetization of housing allocation, both can take the form of the establishment of a supplementary housing fund, but also can take the form of direct payment of housing subsidies. Therefore, in the unit to take the form of the establishment of supplementary housing fund monetization, at this time in the employee's original housing fund contributions on the basis of the new supplementary housing fund department is essentially a housing subsidy.

2, the unit used to subsidize the employee's housing fund and housing subsidies of the same source of funds. These two sources of funding are first based on the unit's original housing fund transfer, inadequate departments to distinguish between the different nature of the unit were allocated by the financial budget or cost.

3, housing fund and housing subsidy funds are basically the same management and use. At present, housing subsidy funds are required to open a housing subsidy account in the housing fund management center system, compared to the housing fund for special storage and special use, and housing fund accounting. The two are basically the same in the specific fund management mode and direction of use.

4, housing fund and housing subsidies in the tax benefits are the same. Employees of the two funds are exempt from personal income tax.

5, housing fund and housing subsidies in the ownership attribution is the same. The housing fund and housing subsidy in the employee's personal account are owned by the employee.

6, for the institutions (also including reference to the institutional housing allocation monetization model of enterprises and institutions) of the housing or not up to the standard of the old employees, the amount of housing subsidies received and when the employee to establish housing fund related. Older employees are those who joined the workforce before the end of 1998 (including those who retired before the end of 1998). The housing subsidy for old employees who do not have housing in the organization consists of a one-time subsidy and a monthly subsidy, of which the formula for calculating the one-time subsidy is: one-time subsidy = (employee's average monthly standard salary in 1998 * monthly housing subsidy coefficient in 1999) + (subsidy for length of service in 1999 * length of service before the establishment of the housing provident fund system by the employee * standard of the area of the housing subsidy); the old employees who do not have housing in the organization receive Differential subsidy, differential subsidy formula is: differential subsidy = (1999 benchmark subsidy amount + 1999 years of service subsidy amount * employees before the establishment of housing provident fund) * differential area. Therefore, from the formula can be seen, the authorities of the old workers (except for housing standards), whether no housing or housing is not up to standard, the establishment of its housing fund time, the relationship between the amount of housing subsidies it receives the amount of housing subsidies, although this effect may not be large.

7. Under the current new housing allocation system, the way for employees to solve the housing problem is mainly to utilize funds including housing fund, housing subsidy, salary and savings, and through the support of housing loans. That is, housing fund and housing subsidies are two important sources of funds for employees to solve housing problems under the new housing allocation system.

Housing subsidy and housing fund are completely different things, if you need to understand the difference between the two in depth should be timely to figure out, and then see which rights and interests they have. About the difference between housing allowance and housing fund you are not too clear yourself, there are many professional lawyers on it can give you help.