How to pay housing provident fund in Shanghai
The housing provident fund is one of the important welfare guarantees for employees. For employees working or living in Shanghai, it is important to understand how to pay the housing provident fund. This article will introduce in detail the payment methods, proportions, processes and frequently asked questions of Shanghai Housing Provident Fund to help you quickly master relevant knowledge.
1. Shanghai Housing Provident Fund Payment Ratio
According to the regulations of the Shanghai Housing Provident Fund Management Center, there are clear requirements for the housing provident fund payment ratios of employees and units, as follows:
| Payment subject | Payment ratio | Payment base range |
|---|---|---|
| individual employee | 5%-7% | Average monthly salary of the previous year (not lower than the minimum wage, not higher than 3 times the average social wage) |
| unit | 5%-7% | Individual base of same employee |
Note: The specific ratio is chosen by the unit based on actual conditions, but the ratio between employees and the unit must be consistent.
2. Shanghai housing provident fund payment process
The payment of housing provident fund is mainly withheld and paid by the unit. The following is the specific process:
| steps | Operating Instructions |
|---|---|
| 1. Open an account | Units need to open personal accounts for employees at the Shanghai Housing Provident Fund Management Center. |
| 2. Approval base number | The payment base is determined based on the average monthly salary of employees in the previous year. |
| 3. Withholding and payment | The unit deducts the personal portion from the employee's salary every month and pays it together with the unit portion to the provident fund account. |
| 4. Inquiry and verification | Employees can check their payment records through the "Shanghai Provident Fund" APP or official website. |
3. How to pay housing provident fund in Shanghai
At present, Shanghai’s housing provident fund is paid mainly through the following two methods:
| Payment method | Applicable objects | Operating Instructions |
|---|---|---|
| Payment by the unit | Current employees | It is handled uniformly by the unit and employees do not need to do it individually. |
| Personal deposit | Freelancer or individual business owner | You need to bring your ID card, business license and other materials to the Provident Fund Management Center for processing. |
4. Frequently Asked Questions
1. Can housing provident fund be paid back?
Yes. If the unit fails to pay in time for any reason, it can apply for back payment, but it needs to provide relevant supporting materials.
2. What happens to provident funds after changing jobs?
After an employee changes jobs, the original unit will seal the provident fund account, and the new unit can continue to make contributions. If you are not employed after leaving your job, you can apply for personal deposit.
3. Can the provident fund payment ratio be adjusted?
Yes. The unit can adjust the payment ratio according to its operating conditions, but it must reach an agreement with its employees and report it to the provident fund management center for record.
5. Summary
Housing provident fund is an important benefit for employees. Understanding the payment rules and procedures can help protect your own rights and interests. In Shanghai, housing provident fund payments are mainly withheld and paid by units, and employees can check payment records through multiple channels. If you have any questions, you can consult the Shanghai Housing Provident Fund Management Center or log on to the official website for more information.
Through the introduction of this article, I hope you will have a clearer understanding of Shanghai Housing Provident Fund payment. Reasonable planning of the use of provident funds can provide strong support for your housing needs.
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