Everyone knows that provident fund is a good thing, but do you know the purpose and significance of provident fund? If you don't know, look at the introduction of this article!
Use of provident fund
Usage 1: Buy a house
1. If you don't have a loan to buy a house, you can withdraw it at one time.
2. The down payment can be made by commercial loans.
Commercial loans can be used to repay the principal and interest.
4 provident fund (portfolio) loans can be used to repay the principal and interest.
Use 2: Building, renovating and overhauling houses.
In rural collective land construction, renovation, overhaul from the use of housing loans, workers and their spouses can apply for the withdrawal of housing provident fund amount before the month (including the month) when building and repairing houses are approved, and the total withdrawal amount does not exceed the cost of building and repairing houses.
Usage 3: Rent a house
1. Pay the rent of economic rental housing with rent or government rent subsidies.
2. Pay the market rent.
Usage 4: Withdraw the parents' housing accumulation fund to buy a house.
1. If you buy a house yourself and don't use the housing loan, you can withdraw your parents' provident fund.
2. Buy your own house with a personal housing loan from a commercial bank, and you can withdraw your parents' provident fund after paying the down payment.
3. Buy your own house with a personal housing provident fund (portfolio) loan, and you can withdraw your parents' provident fund after paying the down payment.
Usage 5: Withdraw all the balance through account cancellation.
Under any of the following circumstances, employees may apply for withdrawing all the balance in the housing provident fund account and cancel the individual housing provident fund account:
(1) Divorce or retirement;
(2) agricultural registered permanent residence employees have reached the age of 60, and women have reached the age of 55;
(three) to settle in foreign countries, Hong Kong, Macao and Taiwan;
(four) completely lost the ability to work, most of them lost their ability to work or were severely disabled (first or second degree disability) and dissolved or terminated the labor relationship with the unit.
(five) to receive unemployment insurance benefits;
(six) was sentenced to punishment, registered permanent residence moved out of the city, non registered permanent residence workers and their units to terminate or terminate the labor relationship;
(seven) the housing provident fund account has been transferred to the centralized storage account for two years or the labor relationship with the original unit has been terminated for two years;
(eight) work outside the administrative area of this Municipality, and establish and deposit housing provident fund locally.
Application 6: It is included in the extraction and use of low-income or extremely poor areas.
Workers are included in the minimum living guarantee or poverty relief for urban residents in this city. Workers themselves and their spouses can apply for withdrawal of housing provident fund, and the withdrawal amount shall not exceed the amount of housing provident fund before and during the period of inclusion in the minimum living guarantee or poverty relief.
Usage 7: Treat major diseases.
Family members (including employees, spouses and minor children) suffering from major illness or major surgery hospitalization, employees and their spouses can apply for withdrawal of housing provident fund, and the date of application should be within one year from the date of discharge, and the total withdrawal should not exceed the personal burden of hospitalization medical expenses.
Significance of provident fund
According to article 179 of China's Company Law and relevant laws and regulations, the functions of the provident fund mainly include:
1. Make up the loss. When the company loses money, it must try to make up for it, otherwise it will violate the principle of capital maintenance. Both surplus reserve fund and capital reserve fund can be used to make up for losses.
2. Expand the production and operation of the company. Without increasing capital, it is undoubtedly a convenient and quick way to expand the company's production and operation with the provident fund drawn over the years.
3. Increase capital. When necessary, the company may convert the common reserve fund into share capital.
4. It can be used for dividends under special circumstances. Generally speaking, when a company has no profit in that year, it shall not distribute dividends. However, in order to maintain the reputation of the stock, the company can use the surplus reserve to distribute dividends at a ratio not exceeding 6% of the face value of the stock after making up the losses with the surplus reserve. However, after dividend distribution, the statutory surplus reserve fund of the company shall not be less than 25% of the registered capital.
Common problems of provident fund
1. What is the housing provident fund?
Answer: It refers to the long-term housing savings paid by all state organs, institutions, state-owned enterprises, urban collective enterprises, foreign-invested enterprises, urban private enterprises and other urban enterprises, private non-enterprise units, social organizations and their employees within the administrative area of this Municipality.
2.？ Deposit employee? What do you mean?
A:? Deposit employee? Refers to the employees who have established and formed labor relations with the employer:
(1) The person who has entered into a labor contract with the unit according to law and received wages;
(2) Persons who are temporarily unemployed due to study, work injury, maternity leave and other reasons. , but still keep jobs and pay wages by the unit;
(3) On-the-job personnel who have formed factual labor relations as determined by the labor and social security department.
3. Are there any household registration restrictions for employees who pay housing provident fund?
Answer: As long as they are employees who have established and formed labor relations with the employing unit and have registered permanent residence in rural areas, cities or other places, it will not affect the housing provident fund deposit.
4. What items does collection management include?
A: Including the registration, account opening, deposit, transfer, sealing, unsealing and settlement of housing provident fund.
5. Who owns the paid housing provident fund?
Answer: The ownership of the housing provident fund paid by individual employees and the housing provident fund paid for employees by the unit where employees work belongs to individual employees.
6. How to register and open an account for the unit housing provident fund?
Answer: When handling the registration of housing provident fund deposit, the unit manager will go to the designated outlet of the housing provident fund management center to get the relevant forms, handle the registration of housing provident fund deposit, open the housing provident fund account of the unit and employees, and provide: (1) the registration form for housing provident fund account opening (with official seal and financial seal); (2) Housing provident fund deposit base table (with financial seal); (3) On-the-job employee salary distribution roster (leave a copy of the original and affix the financial seal); (4) A copy of the legal person's ID card (the administrative institution shall rely on the unit's legal person certificate); (5) Business license (the administrative institution relies on the organization setting document) and organization code certificate, and the original inspection is 1 copy (with official seal); (6) A copy of the agent's ID card.
7. How is the housing provident fund paid by the unit for employees collected?
Answer: (1) The organs are charged in the budget; (2) the revenue and expenditure of public institutions approved by the financial department shall be charged in the budget or expenses; (3) Enterprises are included in the cost.
8. How do newly established units register housing provident fund deposit?
A: The newly established unit shall go to the office of the Housing Provident Fund Management Center for registration of housing provident fund deposit within 30 days from the date of establishment, and go through the formalities for the establishment of housing provident fund accounts for its employees.
9. What are the provisions for the establishment of individual housing provident fund accounts? What's the role?
A: According to the Regulations on Housing Provident Fund Management, in a housing provident fund management center, each employee can only open one housing provident fund account. There are two or more housing provident fund accounts, which must be merged; The housing provident fund account records the deposit and withdrawal of individual housing provident fund for employees.
10. How does the unit manage the employee's housing provident fund account?
A: The unit should establish a detailed account of employee housing provident fund, record the deposit and withdrawal of employee individual housing provident fund, and check with the housing provident fund office regularly.
1 1. How do new employees and transferred employees handle the housing provident fund procedures?
Answer: Newly hired and transferred employees should go to the office for account opening, account transfer and deposit registration within 30 days from the date of employment or transfer. When handling, the unit needs to fill in the change form and affix the financial seal.
12. How to handle the housing accumulation fund formalities when the unit and the employee terminate the labor relationship?
Answer: If a unit terminates the labor relationship with its employees, it shall go to the office to register the change within 30 days from the date of termination of the labor relationship, and go through the formalities of transferring or sealing the employee housing provident fund account. When handling, the unit needs to fill in the change form and affix the financial seal.
13. What should I do if the employee's name or ID number is changed or wrong?
Answer: The employee's name or ID number in the housing provident fund account is inconsistent with my ID information. Units or employees hold employee ID cards, unit certificates (stamped with the official seal of the unit) or certificates from the public security department to go through the correction procedures at the housing provident fund deposit outlets.
14. What if the company name and address change?
Answer: If the name and address of the unit are changed, the original unit shall, within 30 days from the date of change, go through the registration of change at the housing provident fund deposit outlet with the change document and the change application issued by the unit.
15. How to pay the housing accumulation fund?
A: The housing accumulation fund is paid by the unit on a monthly basis. The housing provident fund withheld and remitted by the deposit unit, together with the part that should be paid by the unit, shall be remitted to the housing provident fund management center by the entrusted bank within 5 days from the date of payment of wages. When the unit pays the housing provident fund for the first time and in the following months? Housing provident fund remittance book? , transfer check or cash payment form, and other forms are attachments, which should be filled in separately according to the situation.
16. What is a joint housing provident fund card?
A: The joint card of housing provident fund is an effective certificate for Zhengzhou Housing Provident Fund Management Center and the bank to jointly pay housing provident fund to employees. It is a co-branded card that integrates the functions of employee housing provident fund account inquiry, withdrawal, loan repayment, personal savings, settlement and consumption. For example: CCB housing provident fund dragon card, ICBC housing provident fund peony card.
17. How to determine the deposit base of employee housing provident fund?
A: The deposit base of employee housing provident fund is the average monthly salary of employees in the previous year. The deposit base is approved once a year.
18. When is the deposit base of housing provident fund adjusted every year?
A: In the case of changes in the wages of employees in the deposit unit, the deposit base of employee housing provident fund is adjusted once a year in July. The annual remittance time of housing accumulation fund is from July 1 day of the current year to June 30th of the following year.
19. Is there any limit on the annual deposit base of housing provident fund?
Answer: The monthly deposit base shall not exceed 3 times of the average monthly salary of employees in the previous year announced by the statistics department in principle. The minimum wage shall not be lower than the monthly minimum wage standard of the previous year stipulated by the labor department of Zhengzhou City.
20. How long is the holdover period of housing provident fund?
Answer: The time limit for deferment of housing accumulation fund shall not exceed one year. If it is necessary to continue to postpone payment for more than one year, it shall go through the application formalities again; Units that have been approved to reduce the deposit ratio or postpone the payment of housing provident fund shall return to the prescribed deposit ratio or pay the housing provident fund in full after the economic benefits improve.
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