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!

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