The biggest change in the provident fund policy is to optimize the identification of the second set of improved housing and reduce the down payment ratio. Regarding the identification of the second set of improved housing, the Notice makes it clear that if the employee's family already owns a set of housing in Shanghai, and the individual housing loan without housing provident fund or the first individual housing loan with housing provident fund has been settled nationwide, it is identified as the second set of improved housing.
In terms of the minimum down payment ratio of the second set of improved housing, the minimum down payment ratio of the second set of improved housing is 50%; For the second set of improved housing, and the housing purchased by loan is located in Lingang New District of China (Shanghai) Pilot Free Trade Zone and all areas of Jiading, Qingpu, Songjiang, Fengxian, Baoshan and Jinshan, the minimum down payment ratio is 40%.
Shanghai's previous policy was that the down payment ratio of two sets of housing subscription provident fund loans was 50% and 70% respectively.
Brief introduction to the nature of provident fund
1, supportability
The establishment of employee housing provident fund system provides a guarantee for employees to solve housing problems quickly and well.
Step 2 help each other
The establishment of housing provident fund system can effectively establish and form a mechanism and channel for employees with housing to help employees without housing. Housing provident fund provides financial assistance to employees without housing, which reflects the mutual assistance of employee housing provident fund.
3. Long-term
Every urban employee must pay individual housing provident fund from the date of joining the work to the time of retirement or termination of labor relations; The employee's unit should also pay the housing provident fund for employee subsidies as required.