1, housing provident fund is generally deducted from wages before tax. The deduction ratio of provident fund can be freely selected between 5%- 12% according to employees and units. However, industrial injury insurance and maternity insurance are paid by the unit, and individuals do not pay;
2. The minimum deposit ratio of employee housing provident fund and unit housing provident fund is 5%, and the maximum deposit ratio is 12%. Conditional cities can appropriately increase the deposit ratio, which is generally 8% to 12%.
How to withdraw the provident fund:
1, house purchase withdrawal. When using this method to withdraw the provident fund, you can directly withdraw it in full from the housing provident fund management center;
2. Housing loan withdrawal. In the absence of binding provident fund repayment, if there is a mortgage to be repaid at present, the provident fund can be withdrawn once a year to repay the loan according to regulations;
3, the use of rental contracts to extract provident fund. Now, many regions have implemented such regulations. If employees rent a house, they can use the lease contract to withdraw the provident fund from their accounts. However, it should be noted that there will be a limit on the withdrawal of the provident fund, and the amount of withdrawal of the provident fund should be within the amount of one year's rent payment. However, if you want to withdraw all the provident fund, you need to meet more conditions, and it is not enough to withdraw it by renting a house;
4. Extraction of house decoration. Housing renovation or renovation of old houses can also apply for withdrawal of provident fund. After providing the certification materials such as the decoration entrustment contract with the decoration company, it can be extracted. The staff of the provident fund management center will also inform you of the specific materials you need in advance;
5. The court decided to withdraw the provident fund. This way of withdrawing provident fund is rarely encountered. For example, they owe others a lot of money, and they have never paid it back. If someone sues through the court, the court will decide to take the money out of the provident fund account and transfer it to someone else's provident fund account. This extraction method is theoretical, and if it is really implemented, the procedures are more complicated.
To sum up, the deposit ratio of housing provident fund is 5% 12%. In other words, for the old employees who have worked for more than one year, the base of the provident fund deposit is the average monthly salary of the employees themselves in the previous year.
Legal basis:
Article 13 of the Regulations on the Management of Housing Provident Fund
The housing provident fund management center shall set up a housing provident fund account in the entrusted bank.
The unit shall register the housing provident fund deposit with the housing provident fund management center, and go through the formalities for the establishment of housing provident fund accounts for the employees of the unit. Each employee can only have one housing provident fund account.
The housing provident fund management center shall establish a detailed account of employee housing provident fund to record the deposit and withdrawal of employee individual housing provident fund.