How to deduct Shanghai provident fund
Provident fund is one of the important benefits for employees. Understanding the deduction methods of provident fund is crucial for rational planning of personal finances. This article will introduce in detail the deduction rules, calculation methods and related precautions of Shanghai provident fund to help you better understand and use provident fund.
1. Basic rules for Shanghai provident fund deductions
The deduction of Shanghai provident fund follows relevant national regulations and is paid jointly by units and individuals. The specific deduction ratio and base are as follows:
| Project | Unit payment ratio | Personal contribution ratio | Payment base range |
|---|---|---|---|
| housing provident fund | 5%-7% | 5%-7% | 60%-300% of the average monthly salary in the previous year |
| Supplementary Housing Provident Fund | 1%-5% | 1%-5% | 60%-300% of the average monthly salary in the previous year |
2. Calculation method of provident fund deduction
The amount of provident fund deduction is calculated based on the payment base and payment ratio. The specific calculation formula is as follows:
Monthly provident fund payment amount = payment base × payment ratio
For example, if an employee's average monthly salary last year was 10,000 yuan, the unit contribution rate was 7%, and the individual contribution rate was 7%, then:
| Project | Unit payment amount | Personal payment amount | total |
|---|---|---|---|
| housing provident fund | 10000 × 7% = 700 yuan | 10000 × 7% = 700 yuan | 1400 yuan |
3. Things to note when deducting provident fund
1.Payment base adjustment: In July every year, the provident fund payment base will be adjusted based on the average monthly salary of employees in the previous year. Employees need to pay attention to the latest base range.
2.Payment ratio selection: Units and individuals can negotiate to determine the payment ratio within the prescribed range, but it shall not be lower or higher than the prescribed lower limit and upper limit.
3.Provident fund purpose: The provident fund can be used for housing-related expenses such as house purchase, renting, and loan repayment, and employees must plan and use it reasonably.
4.Pay in another place: For non-local employees working in Shanghai, the provident fund payment rules are the same as for local employees, but they need to pay attention to the relevant regulations on withdrawal and use in other places.
4. Hot Topics and Hot Content
Recently, provident fund policy has become one of the hot topics on the Internet. The following are hot topics and hot content in the past 10 days:
1.Provident fund loan interest rates cut: Many places have announced reductions in provident fund loan interest rates to reduce the burden on home buyers.
2.Provident fund withdrawal conditions relaxed: Some cities have relaxed the conditions for withdrawing provident funds to support employees’ needs for renting, decorating, etc.
3.Mutual recognition of provident funds in different places: The Yangtze River Delta region promotes mutual recognition of provident funds in different places to facilitate employees’ use across regions.
4.Digital provident fund services: Shanghai and other cities have launched online provident fund services to achieve “one-stop service”.
5. Summary
The deduction rules of Shanghai provident fund are clear and clear. Employees only need to understand the payment base, proportion and calculation method to plan their personal finances reasonably. At the same time, paying attention to the latest developments in provident fund policies will help you make better use of this benefit.
If you still have questions about provident fund deductions, it is recommended to consult the human resources department of your employer or the Shanghai Provident Fund Management Center for more detailed answers.
check the details
check the details
en
