Deposit base of Nanning provident fund in 2018 settled

Date:2018-07-03

Yesterday, the Nanning Housing Provident Fund Management Center issued the "Notice on Adjusting the Deposit Base of Nanning Housing Provident Fund and Monthly Deposit in 2018" (hereinafter referred to as the "Notice"). According to the "Notice", the upper limit for the monthly deposit base of Nanning housing provident fund in 2018 is 18,870 yuan; the lower limit for the deposit base of Nanning housing provident fund in 2018 is 1,680 yuan. Please keep in mind that the adjusted deposit base will be executed from July 1, 2018 to June 30, 2019.


The “Notice” requires that from July 1, 2018, the deposit base of housing provident fund will be adjusted to the average monthly salary of employees in 2017 (January 1, 2017 to December 31, 2017). According to the data provided by the Nanning Bureau of Statistics, the upper limit for the monthly deposit base of Nanning housing provident fund in 2018 is 18,870 yuan, and the lower limit for the deposit base of Nanning housing provident fund in 2018 is 1,680 yuan. In terms of the proportion of deposits, enterprises can adjust their own proportion of housing provident fund in the range of 5% to 12% in combination with their own economic benefits; the proportion of housing provident fund for other units and individuals is still 12% each in 2018.

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