What is the Housing Fund? What s the use?

It should be the "housing provident fund".

In fact, in layman's terms, the "housing provident fund" is: deduct a part from your salary (this part has a certain percentage) as part of the provident fund, and then subsidize a part, usually how much you give, and how much you subsidy.

Then save it up and give it back to you when you want to buy a house or do a renovation, or retire.

According to the "Regulations on the Administration of Housing Provident Fund", housing provident fund refers to the long-term savings fund deposited by state organs, state-owned enterprises, urban collective enterprises, foreign-invested enterprises, urban private enterprises and other urban enterprises, institutions and their employees. Article 2 of the Regulations on the Administration of Housing Provident Fund These Regulations apply to the deposit, withdrawal, use, management and supervision of housing provident funds within the territory of the People's Republic of China. The term "housing provident fund" as used in these Regulations refers to the long-term housing savings fund paid by state organs, state-owned enterprises, urban collective enterprises, foreign-invested enterprises, urban private enterprises and other urban enterprises, public institutions, private non-enterprise units, social organizations (hereinafter collectively referred to as units) and their employees.

Legal analysis: Housing provident fund refers to the long-term housing savings paid by enterprises and institutions to employees. Housing provident fund is paid by the unit, in addition to the need for employees to pay a part, the unit will deposit the housing provident fund into the personal account, the employee can withdraw it by himself, the housing provident fund is restricted, freelancers and retirees can not handle, once the housing provident fund is paid, unless the resignation and retirement are retired, in other cases it can not be stopped, with stability.

Legal basis: Article 3 of the Regulations of the People's Republic of China on Housing Provident Fund The housing provident fund paid by the individual employee and the housing provident fund paid by the employee's unit for the employee belong to the individual employee.

Legal analysis: It is a provident fund, which can be loaned, can be withdrawn, and the provident fund can only be loaned once, and it is very suitable for buying a house, and the interest rate of the provident fund is much lower than the interest rate of the bank, with a maximum of 300,000, and some cities cannot use the provident fund loan, in fact, it is a kind of welfare given by public institutions to employees.

Legal basis: Article 2 of the Regulations of the People's Republic of China on the Administration of Housing Provident Fund stipulates that these Regulations apply to the deposit, withdrawal, use, management and supervision of housing provident funds within the territory of the People's Republic of China. The term "housing provident fund" as used in these Regulations refers to the long-term housing savings fund paid by state organs, state-owned enterprises, urban collective enterprises, foreign-invested enterprises, urban private enterprises and other urban enterprises, public institutions, private non-enterprise units, social organizations (hereinafter collectively referred to as units) and their employees.

With the improvement of the employer's treatment and welfare, many employees can enjoy five insurances and one housing fund, including housing**. So what's the use of housing? Many newcomers who have just entered the workplace don't know much about it, so let's take a look through the following content!

It can be withdrawn to buy or rent a house, apply for a CPF loan, or be withdrawn to renovate or renovate a house. At the same time, when life is difficult, it can be used as a living expense, and it can also be used as a major illness ** expenses. In addition, when resigning, retiring, etc., it can also be withdrawn directly to act as a small treasury.

Nowadays, there are still many single-family houses, so the housing** can be used to build and renovate such houses, go to the local provident fund center to go through the withdrawal procedures, and pay the required materials. After acceptance, the account balance can be withdrawn, but it is worth mentioning that the amount withdrawn cannot exceed the actual fee.

Not only will the interest rate be much lower than that of commercial loans, but the maximum term of the loan is 30 years, while the commercial loan is only 10 years, and the economic pressure will not be so great. Moreover, in terms of repayment, the method is more flexible, and the buyer can decide the repayment amount by himself, and can arrange the monthly expenditure reasonably, but it must not be lower than the minimum standard of the bank.

Of course, housing** can also be withdrawn as a down payment for buying a house, which can effectively relieve the pressure of home buyers. If the employee has his own real estate and his or her children do not have a house, they can also withdraw it to buy a house for their children with consent, but only if they have not applied for a loan before, they can be eligible for withdrawal.

In addition, the housing** is still used for rent, but the amount withdrawn cannot exceed the rent and cannot be greater than the account amount. If the staff family is more difficult and belongs to the low-income household or poor household, the housing ** can be withdrawn and used as living expenses, so as to improve the family's situation and improve the quality of life. At the same time, if the employee resigns, loses the labor force and retirees, and provides relevant materials, the housing** can be withdrawn.

Hope the above, helpful.

One. Housing provident fund, which is what we often call five insurances and one housing fund"One gold"It is a long-term housing savings that the state and employers and employees are compelled to pay in the same proportion, and it is specifically used to pay for housing expenses, such as applying for loans to buy houses, paying rent, and repairing housing. Housing provident fund is a housing security system, which is a form of monetization of housing allocation.

To put it simply, the housing provident fund can make it easier for us to buy a house. Generally speaking, the housing provident fund paid by the unit for the employees is an important part of the wages of the employees, which provides a guarantee for the employees to solve the housing problem quickly and better. In addition, the interest rate of the housing provident fund loan is relatively low compared with commercial loans, and it is a welfare loan system.

Three. Under normal circumstances, the housing provident fund must be paid by the unit, and if the unit does not pay, it can be punished in accordance with the relevant provisions of the "Regulations", and can apply to the people's court for compulsory enforcement. In the event that an employee retires, retires or completely loses the ability to work and terminates the labor relationship with the employer, moves out of the place of permanent residence or settles abroad, the housing provident fund will be returned to the employee.