Legal analysis: It is an urban provident fund center

Legal basis: "Housing Provident Fund Management Regulations"

Article 5 Housing provident funds should be used for employees to purchase, build, Renovation and overhaul of self-occupied housing shall not be used by any unit or individual for other purposes.

Article 16 The monthly contribution amount to the employee housing provident fund is the employee's average monthly salary in the previous year multiplied by the employee housing provident fund contribution ratio.

The monthly payment amount of the housing provident fund paid by the unit for employees is the employee's average monthly salary in the previous year multiplied by the unit's housing provident fund payment ratio.

Article 24 If an employee has any of the following circumstances, he or she may withdraw the balance in the employee housing provident fund account:

(1) Purchase, build, renovate, or overhaul a home for self-occupation Housing;

(2) Retirement or retirement;

(3) Completely losing the ability to work and terminating the labor relationship with the unit;

(4) ) To settle abroad;

(5) To repay the principal and interest of the house purchase loan;

(6) The rent exceeds the prescribed proportion of family wage income.

In accordance with the provisions of items (2), (3) and (4) of the preceding paragraph, if the employee housing provident fund is withdrawn, the employee housing provident fund account shall be canceled at the same time.

If an employee dies or is declared dead, the employee’s heirs and legatees can withdraw the balance in the employee’s housing provident fund account; if there is no heir or legatee, the balance in the employee’s housing provident fund account can be withdrawn. Included in the value-added income of the housing provident fund.