Is the provident fund paid half by yourself and half by the unit?

Housing provident fund is shared by employers and employees, so there are cases where employees pay half and companies pay half. However, this situation is not absolute. After all, companies and individuals can choose between 5% and 12%. Therefore, the housing provident fund can be shared by both parties, or it can be paid by individuals and units.

Of course, when the housing provident fund is paid, there will be no overpayment by the unit or underpayment by the individual. Because the state has regulations, the deposit ratio of individual employees cannot be lower than that of the unit.

It should be noted that housing provident fund, like social security, is directly deducted from employees' wages. The monthly salary paid by the unit to employees has been deducted from social security and provident fund, and tax has also been paid.

After the provident fund is paid, employees can generally receive SMS notification from the local housing provident fund management center, so employees can directly know how much provident fund they have paid each month and how much provident fund they have accumulated in their accounts through SMS. Of course, employees can also directly check how much provident fund they and their units have paid from the payroll.

What is the process of opening a provident fund account?

1, the unit manager shall fill in a Unit Registration Form printed by the management in advance, affix the official seal of the unit, and bring the above-mentioned relevant materials to the designated window for registration;

2. The staff will check whether the information items in the unit registration form are complete and accurate, whether the unit name and unit code are consistent with the information provided, whether the unit property code is correct, whether the unit certificate number is accurate, whether the relevant materials are consistent with the form, whether the relevant personnel sign, whether the power of attorney of the unit manager is accurate and complete, whether the official seal of the unit is stamped, whether the materials are complete and whether the copy is consistent with the original;

3. After confirming that the audit is correct, the staff will input the relevant information of the unit registration form into the acquisition system. After the operation is completed, the system automatically generates the company registration number for the company. The company registration number is always unique in the system, which is the logo of the company to handle various businesses;

4. A copy of the unit registration form printed by the staff;

5. Mechanism: After the unit registration form is reviewed by the unit manager, the staff will stamp the unit manager's seal on the upper right corner of the unit registration form filled in by the unit and manually mark the unit registration number.

To sum up, housing provident fund is shared by employers and employees, so there are cases where employees pay half and companies pay half. However, this situation is not absolute. After all, companies and individuals can choose between 5% and 12%. Therefore, the housing provident fund can be shared by both parties, or it can be paid by individuals and units.

Legal basis:

"Regulations" of housing provident fund management sixteenth

The monthly deposit amount of employee housing provident fund is the average monthly salary of the employee in the previous year multiplied by the deposit ratio of employee housing provident fund.

The monthly deposit amount of housing provident fund paid by the unit for employees is the average monthly salary of employees in the previous year multiplied by the proportion of housing provident fund paid by the unit.

Article 17

The new employee starts to pay the housing provident fund from the second month after joining the work, and the monthly payment amount is the employee's own salary multiplied by the employee's housing provident fund payment ratio.

The newly transferred employees of the unit shall pay the housing provident fund from the date when the transferred employees pay their wages, and the monthly deposit amount shall be the employee's monthly salary multiplied by the employee's housing provident fund deposit ratio.