Notice on the Adjustment of the Monthly Deposit of Housing Fund in 2020
According to the notice of the Shanghai Housing Fund Management Center, the contribution base of the 2020 housing fund and the upper and lower limits of monthly contributions shall be adjusted starting from July 1, 2020.
The maximum contribution base of the housing fund and the supplementary housing fund shall not exceed RMB 28,017 and the minimum shall not be less than RMB 2,480.
Below you can find the table with more details.
|Type||Proportion by units and individuals||The upper limit of the monthly deposit||The lower limit of the monthly deposit|
|Housing Fund||7%||RMB 3,922||RMB 348|
|Supplementary Housing Fund||5%||RMB 2,802||RMB 248|
If you have any questions about this, send us an email or call us. We will be very glad to help you!