Provident fund is essentially a compulsory savings fund.
In order to make more people affordable, the state deducts some money from everyone's salary and saves it. At the same time, the unit also deposits a sum of money for employees in the same proportion. Whether it is the part paid by individuals or the part paid by units, it will be deposited into the employee's personal housing provident fund account, which is the employee's money. When employees need to buy a house (or build, renovate or overhaul their own house), the money can be taken out and used.
What's the use of provident fund?
1, the provident fund can avoid tax!
Our employees pay taxes according to the amount after deducting five insurances and one gold and the tax threshold after deducting 5,000 yuan.
2, provident fund can buy a house with low-interest loans.
There are two kinds of housing loans, one is
Provident fund loan
One is a commercial loan,
The biggest difference between the two is the loan interest rate.
The interest rate of provident fund loans is much lower than that of commercial loans, and the amount of housing loans is generally relatively large. Therefore, the loan interest saved by using provident fund loans for more than ten or twenty years is hundreds of thousands, not a small sum. Therefore, when buying a house, try to give priority to using provident fund loans.
3, provident fund can be used for employees to buy, build, rebuild, overhaul occupied housing.
Provident fund can be used to pay rent.
You can withdraw the provident fund without buying a house or renting a house!
Provident fund can also be used for parents to buy houses for their children.
Apply for provident fund loan in the name of parents, and write the name of the child in the house purchase contract!
Do enterprises have to pay provident fund to employees? Can I not pay the provident fund before I become a full member?
Yes! Enterprises must pay provident fund for employees.
During the probation period, employees also need to pay the provident fund.
Twentieth units shall pay the housing provident fund in full and on time, and shall not pay it overdue or underpaid. Units with real difficulties in depositing housing provident fund can reduce the proportion of deposit or defer payment after discussion and adoption by the workers' congress or trade union of the unit, and after examination by the housing provident fund management center and approval by the housing provident fund management committee; After the economic benefits of the unit improve, the deposit ratio will be increased or the overdue payment will be postponed. Thirty-sixth workers and units have the right to inquire about the deposit and withdrawal of their housing provident fund, and the housing provident fund management center and the entrusted bank shall not refuse. Workers and units have objections to the storage balance in the housing provident fund account, and may apply to the entrusted bank for review; If there is any objection to the results of the review, you may apply to the housing provident fund management center for review. The entrusted bank and housing provident fund management center shall give a written reply within 5 days from the date of receiving the application. Workers have the right to expose, report and accuse the misappropriation of housing provident fund. Thirty-seventh in violation of the provisions of this Ordinance, the unit does not handle the registration of housing provident fund deposit or the establishment of housing provident fund accounts for its employees, and the housing provident fund management center shall order it to be handled within a time limit; Failing to handle it within the time limit, a fine of 6.5438+0 million yuan and 50,000 yuan shall be imposed. Thirty-eighth in violation of the provisions of this Ordinance, the unit fails to pay or underpays the housing provident fund, and the housing provident fund management center shall order it to pay within a time limit; If the deposit is not made within the time limit, it may apply to the people's court for compulsory execution.