According to China's relevant laws and regulations, Shanghai residents can withdraw supplementary provident fund under certain conditions. Supplementary provident fund refers to a housing savings method that units or individuals pay extra on the basis of individual housing provident fund. Withdrawal of supplementary provident fund usually needs to meet the following conditions:
1. Purchase withdrawal: When purchasing the first set of self-occupied, second-hand or commercial housing, you can apply for withdrawing supplementary provident fund to pay down payment or repay the loan.
2. Rent withdrawal: In the rental market, renters who meet certain conditions can also apply for withdrawal of supplementary provident fund to pay rent.
3. Serious illness medical treatment: Persons suffering from specific diseases or needing specific medical treatment can withdraw supplementary provident fund for medical expenses.
4. Retirement withdrawal: Persons who have reached the statutory retirement age can withdraw supplementary provident fund as pension.
It should be noted that the withdrawal of supplementary provident fund needs to provide corresponding certification materials and application forms, which will be reviewed and approved by relevant departments. The specific withdrawal amount and procedures may be different due to personal circumstances and policy changes. Therefore, it is recommended that you consult the local housing provident fund management department or professional lawyers before the specific operation to obtain accurate information and guidance.
Description of extraction conditions and process of Shanghai supplementary provident fund: According to the relevant regulations of Shanghai, the extraction of supplementary provident fund needs to meet certain conditions. First of all, the drawee must be an employee or individual who pays the housing provident fund in Shanghai. Secondly, the reasons need to meet the requirements, such as buying a house, owing on the loan, renting a house, and serious illness medical care. The extraction process includes the following steps: 1. Apply for extraction, fill in relevant forms and provide necessary materials; 2. Apply to the unit or street office; 3. After examination and approval, the unit or subdistrict office will transfer the application to the housing provident fund management center; 4. The center reviews and handles the extraction procedures; 5. The withdrawal will be transferred to the bank account designated by the applicant. Before withdrawing the supplementary provident fund, please be sure to understand the specific conditions and procedures and prepare relevant materials.
Legal basis:
Regulations on the Administration of Housing Provident Fund:
Chapter III Deposit Article 22 The housing provident fund management center shall issue valid certificates for the employees who deposit the housing provident fund.