How much can I borrow with an SSS Salary Loan? The amount you can borrow with an SSS Salary Loan depends on your average monthly salary credit, which is the average of your last 12 monthly salary credits. The loan amount ranges from PHP 1,000 to PHP 32,000. What is the interest rate...
Below are the SSS monthly table of contributions schedule starting January 2023 for regular members/employees.For Employed Members, the minimum monthly salary credit is PHP 4,000, with a total contribution of PHP 570.00, while the maximum monthly salary credit is PHP 30,000, with a total ...
Starting January 2021, all employed SSS members with monthly salary credit of at least P24,750 will need to contributeP650.00 to the mandatory SSS Provident Fund. This amount is to be shared by the employee and employer, with the employee paying P225.00 and the employer paying P425.00 every ...
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...
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 monthly ...
President Rodrigo Duterterecently signedRepublic Act 11199or theSocial Security Act of 2018. The new policy involved increasing the Monthly Salary Credit (MSC) of land-based, OFW-members from PHP 5,000 to PHP 8,000. It also raised OFW-members’ minimum SSS contributions from PHP 550 per month...
This is the fixed amount nearest your actual monthly salary. Salary Credit is used in computing the amount of your salary loan and your benefits, namely, maternity, sickness, disability benefits, EC benefits and pensions. ———– The SSS monthly contribution table below is valid only up to D...
Loan amount:One monthly salary credit (MSC) up to PHP 20,000 Interest rate:6% per annum Repayment period:24 months (Monthly amortization starts on the fourth month after the date of the loan) Other:1% Service Fee Who Can Apply? The SSS calamity loan for covid – 19 is open to any me...
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monthly contributions. You have the option though to increase your contribution immediately to the maximum, as surely your monthly income is much more than the current maximum SSS monthly salary credit (16,000 pesos), and you have the document to prove your current income (in the rare case ...