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Home improvement, management fees or withdraw the housing accumulation Fund

Home improvement, management fees or withdraw the housing accumulation Fund

Legislative Affairs Office of the State Council concerning the housing Provident Fund management regulations (revised draft) for public comment, and extraction conditions of Provident Fund were relaxed, home decoration, House staff accommodation, property management fees, are Provident Fund payments.  Of the draft provides that self-employed with no employees, part-time employees and other flexible employment personnel can be paid into the Housing Fund.

sought views draft proposed relaxed extraction conditions, clear purchase, and built, and overhaul, and decoration since live housing, no room workers paid since live housing rent, workers paid since live housing property fee, are can extraction housing Provident Fund; purchase, and built, and overhaul, and decoration since live housing, and reimbursement housing loan principal and interest, and no room workers paid since live housing rent, and workers paid since live housing property fee of, can while extraction spouse of housing Provident Fund.  

Jiangsu Province, provincial authorities said Shi Enhui, Housing Fund Management Center Director, Housing Fund and the Nanjing provincial authorities synchronization already relaxed extraction, in addition to home improvement for Provident Fund have yet to be implemented, but others have been implemented.  

housing Provident Fund deposit to be opened up to the flexible employment personnel, this housing fund in Jiangsu Province and Nanjing have been implemented, due to the same city, flexible employees are currently applying to the Housing Fund Management Center in Nanjing.

opinions also appear new formulations – according to relevant regulations of the State Housing Fund Management Center, application for issuing securities backed by housing provident fund housing loans, approved by the housing Provident Fund Management Committee, housing accumulation Fund can be used to purchase the securities; also can be used to buy Treasury bonds, CDs and municipal bonds, policy-oriented financial bonds, high-grade fixed-income products.

 

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