The enterprise's provident fund includes statutory provident fund and arbitrary provident fund. Statutory accumulation fund is the accumulated fund that an enterprise draws from its net profit in accordance with state regulations, and is used to make up for the losses of the enterprise, expand its business scale or increase its capital. Arbitrary provident fund is a provident fund that is decided by the authority of the enterprise whether and when to withdraw it.
When an enterprise loses money, it can make up for it with the statutory common reserve fund. Specifically, an enterprise can withdraw a certain proportion of statutory provident fund to make up for losses, but the proportion of statutory provident fund withdrawn cannot be lower than that stipulated in the tax law.
If the statutory provident fund of the enterprise is not enough to make up for the losses, it can also be made up with any provident fund. The withdrawal and use of the provident fund shall be decided by the competent department of the enterprise.
The conditions for the withdrawal amount of the provident fund mainly include:
1. Buying a house: the provident fund can be used to buy a house. When withdrawing provident fund, you need to provide relevant materials such as purchase contract and property right certificate. The amount applied for withdrawal cannot exceed the proportion of the total purchase price, and the proportion of different regions and units may be different;
2. Mortgage repayment: Provident fund can be used for mortgage repayment. When withdrawing the provident fund, you need to provide housing loan contracts, repayment vouchers and other related materials. The amount applied for withdrawal cannot exceed the proportion of the repaid mortgage principal, and the proportion may be different in different regions and units;
3. Renting: The provident fund can be used for renting. When withdrawing the provident fund, it is necessary to provide relevant materials such as rental contract and housing lease certificate, and the amount applied for withdrawal cannot exceed the local rental subsidy standard;
4. Going out for employment: The provident fund can be used for going out for employment. When withdrawing the provident fund, you need to provide relevant materials such as employment certificate and social insurance certificate, and the amount applied for withdrawal cannot exceed the proportion of the balance of the individual provident fund account.
To sum up, the conditions for withdrawing provident fund may be different in different regions and units, subject to local policies and relevant laws and regulations. At the same time, certain application conditions need to be met when withdrawing the provident fund, such as the deposit period of the provident fund and the account balance. And the specific conditions vary from region to region and from unit to unit.
Legal basis:
Regulations of People's Republic of China (PRC) Municipality on the Administration of Housing Provident Fund
Article 24
Workers in any of the following circumstances, you can extract the balance of storage in the employee housing provident fund account:
Purchase, construction, renovation and overhaul of owner-occupied housing;
2 retired;
(three) completely lose the ability to work, and terminate the labor relationship with the unit;
(4) Having left the country to settle down;
(5) Repaying the principal and interest of the house purchase loan;
Rent exceeds the prescribed proportion of family wage income.
In accordance with the provisions of items (2), (3) and (4) of the preceding paragraph, the employee housing provident fund account shall be cancelled at the same time.
If an employee dies or is declared dead, the employee's heirs and legatees may withdraw the storage balance in the employee's housing provident fund account; If there is no heir or legatee, the storage balance in the employee housing provident fund account will be included in the value-added income of the housing provident fund.