Many people have heard of "five insurances and one fund", one of which is the housing provident fund. There is a provident fund can apply for provident fund loans to buy a house, the interest rate is lower than commercial loans, can also be drawn out to pay rent or pay housing loans. So, how to take out the provident fund after leaving? The following small series will take you to understand.
How to withdraw the provident fund after resignation?
After the employee leaves office, the unit will handle the change registration in the housing provident fund management center within one month after the termination of labor relations, and the entrusted bank will handle the seal up or transfer procedures of the employee's housing provident fund account. The results of sealing up and transferring are different.
Seal means to keep the current account and balance of provident fund, but the payment of provident fund will stop. If you leave, temporarily unemployed, or new units do not pay five insurance and one fund, then the money will be sealed in the account. Some areas support the self paid provident fund for the self-employed, so you can unseal the provident fund account. For details, you can consult the local provident fund management center.
If you find a new job soon after leaving, as long as the previous unit sealed the provident fund account for no more than 30 days and has a new account in the new unit, the original provident fund can be transferred, making the normal payment status of the provident fund continue.
If you want to work in other places, or if you have no intention of buying a house in the near future, you can also withdraw the provident fund, which needs to meet certain conditions, such as:
1、 Employees whose rent payment exceeds the prescribed proportion of family income
2、 Employees who are ready to buy, build, rebuild and overhaul their own homes
3、 Retired employees
4、 Employees who have no ability to work and have terminated their labor relations with the unit
5、 Employees who repay the mortgage on time
6、 Employees settled abroad
In general, only if the housing provident fund has been paid continuously for more than six to twelve months, can it be entitled to withdraw it. Therefore, we should be more cautious in dealing with the problem of housing accumulation fund. Well, about the housing provident fund extraction introduced here, I hope to help you.