Monthly SSS Contribution Table 2023 & Payment ScheduleEvery month, members pay their contributions voluntarily or through the company they work for. Basically, monthly contributions are computed based on the salary bracket to which a member is categorized. It also depends on whether you are Employed...
How to Check your Estimated SSS Pension based on your Contribution and Age? Did you know that SSS has a pension calculator on their website? If you are curious of what will be your pension in the future, this article is for you. Here are the steps on…Read MoreBENEFITS, MATERNITY, SSS...
If you’re an OFW receiving salary of P100,000 per month, your “Range of Compensation” is the last row in the SSS Monthly Contribution Schedule for Land-based OFWs, representing the maximum Monthly Salary Credit. 2. Social Security – EE.This is the “Employee contribution” (in the col...
The loan amount is based on the member’s contribution record and salary. The maximum loadable amount is P20,000 while the minimum is P1,000. The Salary Loan may be used for any purpose such as payment of tuition fees, medical expenses, home repairs, or other personal needs. Members who...
SSS announced through Circular 2013-010 the new SSS contribution table effective January 2014. This table is for the following SSS members: VOLUNTARY SELF-EMPLOYED OVERSEAS FILIPINO WORKER NON-WORKING SPOUSE Range of Actual IncomeSalary CreditSSS CONTRIBUTION ...
SSS Contribution Table 2020 for OFW Minimum Monthly Salary Credit for OFW is P8000.00 SSS Contribution Table 2020 for Kasambahay and Household Employers Under R.A. No. 10361 or the Domestic Workers Act, the employers pay the entire contribution if the Kasambahay earns less than P5,000.00 monthl...
Is there a difference in the contribution and the structure of those Employed and Self-Employed? The monthly contributions are based on the compensation of the members. The current SSS contribution rate is 11% of the monthly salary credit not exceeding 16,000. And this is being shared ...
If you are based in Dubai, please take note of these deadlines for contribution payments: January to December 2020 –payable until December 31, 2020 ONLY October to December 2020 –extended until January 31, 2021 Remember that you will not be able to backdate the amount of your contributions....
If you paid for the burial expenses of a deceased SSS member, you may avail of funeral benefits — provided that you have made at least one monthly contribution as a self-employed, voluntary, or OFW member. Here is aninfographicpresenting SSS benefits for OFW-members, based on the the Soci...
Installment payment– payable in equal monthly amortization based on payment range as follows: The member-borrower may elect his preferred payment term but not to exceed five years INTEREST RATE AND PENALTY For installment term, RL1 shall be subject to interest rate of 3% per annum computed on ...