News & Policies
Notice on Housing Fund Adjustment of Year 2016 in Shanghai
The contribution of housing fund is to be adjusted on July 1st, 2016. The contribution base will be according to the average monthly salary in year 2015, instead of that in year 2014. The proportion of individual and companies’ contribution rate remain 7% per each. After the adjustment, maximum contribution fee will be 2494 RMB including individual and companies’ parts and minimum will be 282RMB (exclusive the supplementary housing fund contribution). The proportion of individual and companies contribution rate of the supplementary housing fund remain as 1%-5% per each (only adopt direct integer), and the actual rate will be chosen by the company according to its own situation.
Please adjust the Housing Fund Base before the end of July, 2016. Please make contact with our Personnel Service staff if any problems.