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Corporate Service - China

Question

Q&A Regarding Housing Fund in Beijing (3)

Answer
Q:
How to calculate the monthly payment amount of housing fund for unit and employee?
A:
The monthly payment amount of employee housing fund and the housing fund paid by the unit for employee is the average monthly salary of the employee in the previous year multiplied by the proportion of employee housing fund contribution.

Q:
How to calculate the monthly payment amount of housing fund for new employee?
A:
The new employee starts to pay the housing fund from the second month of work, and the monthly payment amount is the employee's current monthly salary multiplied by the proportion of employee housing fund.

Q:
How much is payment proportion of housing fund in Beijing?
A:
The payment proportion of housing fund in Beijing is 5%-12%, the payment proportion is chosen by the unit.

Q:
How to pay the employees' housing fund?
A: The housing fund paid by individual employees shall be withheld and paid by their employer from their monthly salary.

Q:
What is housing fund year?
A: The housing fund year is from July 1st of this year to June 30th of the next year; The housing fund year included in the financial budget management unit can be from January 1st to December 31st of this year.

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