Recently, Nanning Housing Provident Fund Management Center issued a document titled “Notice on Adjusting the Upper and Lower Limits of Housing Provident Fund Deposit Base in 2021”.
According to the average wages of on-post employees of urban non-private companies in Nanning in 2020 provided by Nanning’s statistics department, the upper limit of monthly payment base of housing provident fund is 24,270 yuan for 2021, and the upper limit of monthly payment amount of company and individual is 2,912 yuan respectively, with a total of 5,824 yuan. According to the minimum wage standard of the city, the lower limit is 1,810 yuan in monthly payment base of housing provident fund for 2021. If the minimum salary standard is adjusted, the lower limit will be adjusted accordingly. In order to further implement the relevant policies of reducing cost and burden for enterprises, they can independently adjust and determine the proportion of housing provident fund in the range of 5% - 12% in light of their own economic benefits.