Sss Contribution Table For 2021

It will not exceed the prescribed maximum monthly salary credit msc.

Sss contribution table for 2021.

Effective january 2021 below is the new sss contribution table for employed self employed voluntary members and non working spouses. New sss contribution table effective january 2021 on december 7 2020 the social security system sss has issued sss circular no. The updated sss contribution table starting january 2021 for employees and employers voluntary self employed ofw and kasambahay or household workers to have at least a rough idea on how much contributions are. 2021 sss contribution table for household employers and helpers.

For employed members the minimum monthly salary credit is php 2 000 with a total contribution of php 250 while the maximum monthly salary credit is php 20 000 with a total contribution of php 2 430. Of the 13 contribution rate the employee pays 4 5 through monthly salary deductions while the employer shoulders the remaining 8 5. Aside from the increase in contribution rate part of the changes will require all those whose salary brackets start at 20 250 and above to contribute to the sss peso fund or the mandatory provident fund. Sss new contribution table 2021 sss contribution table 2021welcome to chacha s tv atbp here another video for ctva updatesplease like share comment and.

Based on the sss contribution table below your employer pays p770 00 while you the employee pay p380 00 for a total monthly contribution of p1 150 00. The total contribution includes a small payment to the employee compensation program which is p10 00 for an msc of up to p14 500 and p30 for an msc of p15 000 or more. The 2021 sss contribution table. The social security system sss releases the new schedule of contribution which will take effect in january 2021.

The sss monthly contribution rate will rise from 12 of the msc in 2019 and 2020 then to 13 in 2021 and 2022 then to 14 in 2023 and 2024 and finally to 15 of the msc by the year 2025. In case you missed it members of the social security system sss will see an increase in their monthly contribution starting in january 2021 as scheduled. 2021 sss contribution table for voluntary and non working spouse. For sss members who are self employed or overseas filipino workers kindly check this contribution table for reference.

Under the irr of the new sss law the contribution rate and monthly salary credit msc will increase effective january every year from 2019 to 2025. Sss members will see their contribution rate go up by one percentage point or 13 from the current 12.