Payment Details of Housing Fund of Xiamen

Payment Percentage

Payment Base

Regulations

Remark

Employer

Employee

The average monthly salary
of employee in the previous
year

For organizations which established housing fund before
Oct 1, 2009, the employee payment percentage may vary from 8% to 12%. The actual ratio between the allocation of the employer and employees can be fixed according to specific conditions of the organization

1The percentage of housing fund in the salary ranges between 5% and 12%
2
The actual amount of housing fund payment in Private companies ranges between RMB110 and RMB 5036.

8%-12%

8%-12%

5%-12%

5%-12%

For organizations which establish housing fund after Oct 1, 2009, the payment percentage in the year when the fund is established can be acceptable only if it is no lower than 5%. However, the employee payment ratio shall be
lifted to the stipulated percentage by the city in the next two years.

 

Fromhttp://www.xiameninvest.com/2011tzzn/tzzn_EN/tzcb/tzcb2/