The new contribution rate and new minimum and maximum Monthly Salary Credits (MSC) that will be implemented starting January 2023 are aimed at covering a larger percentage of the contributing members’ monthly incomes, so that they can look forward to larger benefit amounts and/or higher pension...
SSS Monthly Contribution UpByline: MELODY M. AGUIBAManila Bulletin
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 by the employer (7.37%) and employee (3.63%). Self-employed and voluntary members pay whole 11...
The SSS Online Loan Calculator is a great tool to help you determine how much you can borrow from the Social Security System (SSS). This calculator takes into account your current monthly salary, age, and contribution history to provide you with an estimate of the maximum loanable amount. Sim...
the increase in the monthly contribution amounts to PHP55 (i.e., a new rate of P135 as compared to the old rate of P80). For employees with the maximum MSC, on the other hand, the additional monthly contribution is PHP325 (i.e., a new rate of P1,125 versus the old rate...
SSS Monthly Contribution Table In case you are wondering what is the monthly contribution table in SSS, please see this updated list in the video below: Why is Paying our SSS Important? First we are not going to be overseas forever especially in the UAE since our stay here is dependent onl...
Effective January 2021, SSS has increased its contribution rate from 12 percent to13 percentand adjusted the monthly salary credits (MSC) for members to P3,000 as minimum and P25,000 as maximum. This is equivalent to a monthly contribution of P390/month or P3,250/month, respectively. ...
SSS Contribution rate =13 percent. Minimum Monthly Salary Credit (MSC) = 3,000 pesos. Why I Cannot log in to my SSS account? Call ontheir SSS Hotline at (632) 920-6446 to 55(available 24 hours from Monday to Friday except during holidays) and request for unlocking or resetting your ...
NEW MONTHLY…PENSION October 6, 2020 SSS New Pension Schedule 2020 The SSS provided a revised monthly pension release schedule through Philippine Electronic fund transfer and System Operations Network (PESONet) and other check less disbursement channels. Under the said disbursement method, monthly ...
It’s crucial to thoroughly assess your financial situation and ensure you can comfortably manage the monthly repayments over the long term. While the SSS Housing Loan offers advantages, it’s wise to compare it with other housing loan options like Pag-IBIG to find the most suitable and cost...