Calculation of social security accumulation fund

Legal analysis: the monthly contribution of individual and unit's provident fund = the average monthly salary of the previous year × the contribution ratio of housing provident fund. Provident fund refers to housing provident fund, which is a housing security system and a form of monetization of housing distribution. It can be used to buy, build, build and maintain self-occupied houses, or pay rent. Provident fund, usually refers to housing provident fund, and sometimes also refers to company provident fund. The provident fund consists of two parts, the company and the individual, which are calculated according to the base and proportion respectively. New employees generally take the basic salary as the base of social security and provident fund; Usually, a unit will have a fixed proportion. Individual workers can choose the proportion they want, but it is generally not allowed to be lower than the unit proportion.

Legal basis: Regulations on the Management of Housing Provident Fund

Article 16 The monthly deposit amount of employee housing provident fund shall be the average monthly salary of the employee in the previous year multiplied by the deposit ratio of employee housing provident fund. The monthly deposit amount of housing provident fund paid by the unit for employees is the average monthly salary of employees in the previous year multiplied by the proportion of housing provident fund paid by the unit.

Seventeenth new employees began to pay the housing provident fund from the second month of work, and the monthly deposit amount was the employee's own salary multiplied by the employee's housing provident fund deposit ratio. The newly transferred employees of the unit shall pay the housing provident fund from the date when the transferred employees pay their wages, and the monthly deposit amount shall be the employee's monthly salary multiplied by the employee's housing provident fund deposit ratio.

Eighteenth employees and units housing provident fund deposit ratio shall not be less than 5% of the average monthly salary of employees in the previous year; Conditional cities can appropriately increase the deposit ratio. The specific deposit ratio shall be drawn up by the Housing Provident Fund Management Committee and submitted to the people's governments of provinces, autonomous regions and municipalities directly under the Central Government for approval after being audited by the people's governments at the corresponding levels.