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notice on release of measures for hpf withdrawal due to housing rent payment
2014-08-27

notice on issuance of measures of shanghai municipality for housing provident fund withdrawal due to housing rent payment

shgjjg no. 7 (2014)

 

to municipal provident fund management center:

this is to issue measures of shanghai municipality for hpf withdrawal due to housing rent payment, reviewed and approved by 43rd session of municipal housing provident fund management committee on 22 august 2014, for your implementation accordingly.

 

shanghai housing provident fund management committee
25 august 2014

 

appendix:

measures of shanghai municipality for hpf withdrawal due to housing rent payment

article 1 objectives and criteria

the measures has been instituted in accordance with relevant regulations such as regulations on housing provident fund administration of the state council and provisions of shanghai municipality on housing provident fund administration, in an effort to further improve functionality of housing provident fund systems and expand beneficiaries of housing provident fund to bolster housing consumption of the families of paying employees.

article 2 scope of application

the measures is applicable to administration of housing provident fund withdrawal of employees due to housing rent payment within the municipality.

article 3 management responsibility

shanghai provident fund management center (hereinafter referred to as spf center) shall be in charge of the management of housing provident fund withdrawal of employees due to housing rent payment, responsible for conducting implementation of the measures.

spf center’s management divisions in various districts/county (hereinafter referred to as the management divisions) shall be responsible for handling and review of housing provident fund withdrawal of employees due to housing rent payment.

ccb shanghai branch’s housing provident fund service outlets in various districts/county (hereinafter referred to as ccb’s hpf service outlets), entrusted by spf center, shall handle financial services such as fund withdrawal verification, payment and transfer.

article 4 withdrawal eligibility

any employee (hereinafter referred to as the applicant) corresponding to one of the following criteria is eligible for requesting withdrawal of hpf savings in the personal account for housing rent payment purpose.

(1) lessees of security housing (including low-rent housing and public rental housing) of the municipality acknowledged by the government;

(2) lessees of other types of residential housing of the municipality (including commercial residences and self-owned subsidized public housing) whose monthly housing rent exceeds the specified percentage rate of the monthly household income.

article 5 withdrawal cap

(1) under circumstances described in (1) of article 4, hpf withdrawal can be processed as per actual housing rent of the month;

(2) under circumstances described in (2) of article 4, hpf withdrawal shall be processed as per the monthly housing rent deducting the specified percentage rate of the monthly household income, subject to the municipality’s monthly withdrawal cap of the year.

article 6 definition of the rate and the cap

the specific rate of the monthly household income and the monthly withdrawal cap shall be determined by municipal housing provident fund management committee in light of the employee income level and the housing rent market benchmark price of the municipality prior to release to the public.

article 7 co-withdrawal

co-withdrawal can be processed given that the applicant’s hpf savings in the account is insufficient and the co-withdrawers (the designated account holders) authorizes the applicant in written form to withdraw hpf savings in their respective accounts.

co-withdrawers must be the applicant’s spouse, parents or children.

article 8 miscellaneous

housing provident fund withdrawal due to housing rent payment shall conform to the following requirements apart from what’s specified in article 4 of the measures: 

(1) the applicant and the co-withdrawer(s) have made housing provident fund payment for six months in total at the least;

(2) the applicant and the co-withdrawer(s) currently have no housing provident fund loans, no housing provident fund withdrawal entrusted for repayment of home loans or for property service charges payment.

(3) provided that the applicant has rented two or more sets of apartments, housing provident fund withdrawals can be used for housing rent payment for only one set of the apartments;

(4) tenancy of the applicant should conform to relevant regulations on housing lease within the municipality.

article 9 supporting documents for withdrawals

following supporting documents are required for application for housing provident fund withdrawal due to housing rent payment:

(1) the applicant’s own identity credential;

(2) where applicable, identity credential(s), relationship testimonial(s), written consent(s) of the co-withdrawer(s) and the like are required;

(3) where the situation described in (1) under article 4 of the measures arises, valid security housing rental testimonial, housing rent subsidy certificate and the like should be submitted;

(4) where the situation described in (2) under article 4 of the measures arises, housing lease tax invoice or other valid housing lease testimonial should be submitted.

article 10 withdrawal procedures

eligible applicants shall handle withdrawal procedures as per the following:

(1) lessees of security housing acknowledged by the government and other types of housing in the municipality may submit applications to the management divisions of their respective districts of the rental housing, together with relevant supporting documents as required.

(2) voluntary paying employees may submit applications to their respective district management divisions of their accounts locations, together with relevant supporting documents as required.

the management divisions shall determine the approval or disapproval of the withdrawal applications and notify the applicants within three workdays from the date of application receival.

article 11 means of withdrawals

housing rent payment oriented hpf withdrawals shall generally adopt an account transfer approach, or an entrusted account deduction approach(hpf withdrawal for rent payment) in a favorable condition. the withdrawer shall take the approval sheet to the corresponding hpf service outlet of ccb for withdrawal handling in wake of approval review of the management division.

article 12 withdrawal time limit

the applicant’s application for hpf withdrawal for housing rent payment should be submitted within the prescribed term of the tenancy, with a six-month grace period extending from the termination of the tenancy.

housing provident fund withdrawal for housing rent payment shall be processed on a quarterly basis. the applicant can withdraw housing provident fund once every quarter.

article 13 investigation and approval review

the applicant shall be liable for truthfully providing supporting documents and receiving investigation, verification and approval review of the handling agency.

the handling agency has the right to conduct investigation, verification and approval review of the supporting documents and relevant reports submitted by the applicant.

article 14 rules on penalty

as for anyone who withdraws housing provident fund savings by deception from his or her own account or someone else’in breach of relevant regulations, spf center shall order the return of the fund withdrawn illegally, and impose penalties accordingly. those who have withdrawn housing provident fund from their own accounts by deception shall be fined 10% to 50% of the fund withdrawn illegally. those who have withdrawn housing provident fund from any other employees’accounts shall be fined 100% to 500% of the fund withdrawn illegally. such wrongdoings shall be recorded in the personal credit consulting system of shanghai municipality.

article 15 interpreting

spf center is the authorized agency for interpretation of the measures.

article 16 enforcement

the measures shall be effective as of 1st october 2014 for five years. hence, implementation measures on housing provident fund withdrawal of employees of shanghai municipality for housing rent payment (shgjjg no. 4 <2010>), reviewed and approved by 27th plenary session of shanghai housing provident fund management committee on 13rd september 2010, shall be abrogated.

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