Proportion of social security accumulation fund in Shanghai

Employees themselves and the company's housing provident fund pay 5% to 7% respectively. In principle, the payment ratio is 7% each, and when enterprises choose the payment ratio of 5% or 6% each, they must comply with the prescribed circumstances and procedures. The deposit ratio of city housing provident fund is 5% to 7% for employees and 5% to 7% for companies and employees, which is in line with the Guiding Opinions on Specific Issues of Housing Provident Fund Management issued by the Ministry of Housing and Urban-Rural Development, the Ministry of Finance and the People's Bank of China (J.F.Zi. [2005] No.5). In principle, the contribution ratio of the company and employees shall not be less than 5% and not more than 12%.

Housing accumulation fund refers to the long-term housing savings paid by state organs and institutions, state-owned enterprises, urban collective enterprises, foreign-invested enterprises, urban private enterprises and other urban enterprises and institutions, private non-enterprise units, social organizations and their employees. With the characteristics of security, mutual assistance and long-term, it is mainly used for employees to buy, build, rebuild, overhaul and decorate their own houses or pay rent. The housing accumulation fund paid by enterprises and institutions does not belong to the nature of total wages, but belongs to the cost of enterprises. "Total wages and salaries" refers to the total wages and salaries actually paid by the enterprise according to Article 1 of Document No.3 of Guoshuihan [2009], excluding social insurance premiums such as employee welfare funds, employee education funds, trade union funds, endowment insurance, medical insurance, unemployment insurance, work injury insurance, maternity insurance and housing accumulation fund. Personal housing provident fund loan: it is a preferential housing provident fund loan used by the housing provident fund management center and entrusted by commercial banks to the depositors of housing provident fund who purchase, build, renovate and overhaul their own houses and raise funds for cooperative housing construction. Personal housing provident fund portfolio loan: refers to that when the amount of housing provident fund loan is insufficient to pay the house purchase price, the borrower applies for housing provident fund loan, and at the same time applies for commercial personal housing loan from the entrusted bank, and the two loans together form a portfolio loan. Housing provident fund loans in portfolio loans are approved by the management center, and commercial loans are approved by the entrusted banks.

Legal basis:

Provisions of Shanghai Municipality on the Administration of Housing Provident Fund

Article 4 The deposit ratio of housing provident fund can be determined by floating on the basis of the minimum deposit ratio stipulated by the state. The annual deposit ratio and the maximum monthly deposit amount of housing provident fund shall be formulated by the Municipal Provident Fund Management Committee, implemented after the approval of the Municipal People's Government, and announced to the public.