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What else can housing fund do without buying a house? What are the benefits of housing fund

We usually say "five insurances and one fund" one of which refers to the housing accumulation fund. Many people only know about the term housing accumulation fund. They don't know the benefits brought by the housing accumulation fund. What else can the housing accumulation fund do if they don't come to buy a house? Next, I will show you the benefits of the housing accumulation fund?

1. Personal property

The housing accumulation fund paid by the employee and the housing accumulation fund paid by the unit shall be stored in a special account and owned by the employee. No unit or other person may misappropriate the housing accumulation fund.

2. Can reduce the pressure of repayment

Unit employees have a stable, long-term housing reserve, which can be used as a stable source of funds for house purchase and loan repayment, which can also reduce the pressure of loan repayment.

3. Can be used as a supplement for the aged

As a special housing reserve, the housing accumulation fund can be withdrawn in cash if it is not used when retiring. It can be used as a supplement to the pension of the employees, and it also has a certain guarantee effect on the later life of the employees.

4. Can improve the living conditions of employees

The construction, renovation and overhaul of the self housing of the employees can also be withdrawn from the housing provident fund.

5. Tax exemption available

According to the state, the housing accumulation fund is exempt from individual income tax, and the part paid and deposited can be used as the deduction item of individual income tax and deducted before the payment of individual income tax;

6. But profit

According to the state, June 30 is the interest settlement date of the accumulation fund. The amount of interest settlement shall be rolled into the individual housing accumulation fund account, and the interest shall be settled again in the next year. Therefore, the housing accumulation fund paid by units and employees has the characteristics of "profit rolling".