Extended data:
The full name of the provident fund is: housing provident fund. 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.
From July 1 2065438, all housing provident fund management centers in China will handle the transfer and connection of housing provident fund in different places through the platform according to the requirements of the Operating Rules for the Transfer and Connection of Housing Provident Fund in Different Places issued by the Ministry of Housing and Urban-Rural Development. On the same day, People's Republic of China (PRC) and the Ministry of Housing and Urban-Rural Development confirmed the national housing provident fund service logo, which will be used from now on.
Housing provident fund is only established in cities and towns, and the housing provident fund system is not established in rural areas. Only on-the-job employees can establish a housing provident fund system. Unemployed urban residents and retired workers do not implement the housing provident fund system. The housing accumulation fund consists of two parts, one part is paid by the unit where the employee works, and the other part is paid by the individual employee. After the employee's individual deposit is withheld by the unit, it will be deposited into the individual account of the housing provident fund together with the unit deposit.
The long-term nature of housing provident fund deposit. Once the housing provident fund system is established, employees must be paid continuously in accordance with the regulations during their employment, and shall not be suspended or interrupted except for employees' retirement or other circumstances stipulated in the Regulations on the Administration of Housing Provident Fund. It embodies the stability, unity, standardization and compulsion of housing provident fund.
Housing provident fund is a personal housing savings fund that employees use exclusively for housing consumption expenditure according to regulations. It has two characteristics: first, it is cumulative: that is, housing provident fund is not an integral part of employees' wages, and it is not distributed in cash. It must be deposited in a special account opened by the housing provident fund management center in the entrusted bank and managed in a special account.
If the spouse line is used, the calculation formula of this line is: [(total monthly salary of both husband and wife+monthly contribution of housing provident fund of both husband and wife's work units) × repayment ability coefficient-total monthly repayment amount of existing loans of both husband and wife ]× loan period (month).