Attention workers! Since May, the relevant regulations of the housing provident fund have been updated! Those who violate the rules will not be able to apply for CPF withdrawals or loans for five years! What's going on?
01
Beijing: Crack down on illegal extractions
On May 6, the Beijing Housing Provident Fund Management Center issued an important notice to regulate the withdrawal and use of housing provident funds, especially for illegal acquisition of provident funds through forgery of supporting materials and other means. Specific measures include:
Eight types of key audit situations
1. If there are two or more transactions of the same house within 12 months: frequent transactions may be identified as speculation or false transactions.
2. The same person may be at risk of defrauding the CPF on the grounds of a fake marriage if they change their marriage partner twice or more in a year.
3. Purchase of housing in a place other than the place of household registration or deposit: Unless there is a good reason, this situation needs to be strictly investigated.
4. If the proportion and area of the purchased housing property rights do not meet the conditions for self-occupation: if the purchased property does not match the actual residential needs, it will be strictly reviewed.
5. The price of the purchased housing deviates significantly from the market level: the purchase of a house at an abnormally low price may involve illegal activities such as fund transfer or money laundering.
6. Non-spouses, parents, and children who purchase houses together: These housing combinations are easy to attract the attention of the regulatory authorities.
7. Those who have not paid social insurance in the city, but move the housing provident fund account into the city: it is necessary to review whether there is a suspicion of taking advantage of loopholes to withdraw the provident fund.
8. Other suspicious extraction situations: Any suspicious situation will be pre-reviewed.
In the above cases, once it is verified that there is an illegal withdrawal, the Beijing Housing Provident Fund Management Center will take the following disciplinary measures:
- order a full refund of the amount withdrawn in violation of the law;
- Recording offender information in the bad information database;
- Housing provident fund withdrawals and loan applications will not be processed for 5 years.
These measures demonstrate Beijing's determination to crack down on illegal withdrawals of provident funds, and serve as a wake-up call to those who seek to defy the law.
02
Guiyang City: Focus on the deposit base and strengthen supervision and inspection
The focus of Guiyang's provident fund policy is different from that of Beijing, mainly focusing on the verification of the contribution base of the provident fund and the supervision of deposit compliance.
Detailed provisions
1. Pay on time and in full: Each unit must verify the housing provident fund contribution base of employees every year, and pay the provident fund for employees on time and in full, and shall not be overdue or underpaid.
2. Random inspection and cooperation inspection: The Municipal Housing Provident Fund Management Center will randomly check the deposit of each unit, and the inspected unit shall truthfully provide relevant information and actively cooperate.
Account establishment and change procedures
- Newly established institutions: must complete the registration of the housing provident fund contribution within 30 days, and open an account for employees within 20 days.
- Newly recruited or transferred employees: For new recruits or transferees, the account opening or account transfer must be processed within 30 days.
- Change of registration: When there is a change in the unit or employee, the corresponding change registration shall be completed within 30 days.
Provisions on the base and proportion of contributions
Guiyang City has set clear standards for the contribution base and proportion of housing provident fund:
- Contribution base: The total salary of employees includes basic salary, allowances, subsidies, bonuses, etc.
- Contribution ratio: The contribution ratio of both the unit and the employee shall not be less than 5% and not higher than 12%, which can be determined independently, but it needs to be consistent.
If the unit really encounters difficulties, it can apply for a reduction in the deposit amount or a postponement of payment after discussion and approval, but the extension period cannot exceed 12 months.
03
Shanxi Province: Enhance the ability to buy houses
In order to more effectively meet the housing needs of residents, Shanxi Province has optimized and adjusted the provident fund loan policy.
1. Increase the loan amount: The maximum loan limit for personal housing provident fund will be increased to 1 million RMB, which can be increased by 10% for families with two or more children.
2. Optimize the criteria for determining the number of housing units: Housing provident fund loans will determine the number of housing units purchased according to the number of complete housing provident fund loans of family members nationwide, so as to more accurately reflect the real needs of home buyers.
04
What is the impact of the adjustment of the provident fund policy on the people?
1. Impact on employees: The new policy will prompt employees to use their provident fund accounts more cautiously and reduce the space for illegal operations. In addition, standardized deposit and loan policies help protect the legitimate rights and interests of employees.
2. Impact on the real estate market: Strict provident fund withdrawal review and higher loan amount will stabilize housing prices to a certain extent, curb property speculation, and promote the healthy development of the market.
Write at the end
Recent adjustments to the provident fund policies of Beijing, Guiyang and Shanxi provinces demonstrate the efforts of local governments to regulate the use of housing provident funds.
These policies not only maintain the fairness and impartiality of the provident fund, but also help to improve the transparency and stability of the housing market as a whole. In the future, we may see more cities learn from these successful practices and further improve their own provident fund management systems.