Sss Latest Table Of Contribution 2020

Based on the SSS contribution table below your employer pays 90250 while you the employee pay 47250 for a total monthly contribution of 137500.

Sss latest table of contribution 2020. New SSS Contribution Table For 2021. The increase in the Social Security System SSS contribution rate and the pension fund for workers in the private sector will be implemented by April this year. The amount you pay depends on your income so we recommend that you look closely which bracket you fall under.

11199 or the Social Security Act of 2018 the Social Security System SSS issued SSS Circular No. If you are an active member of SSS whether employed self-employed voluntary or non-working spouse this table is beneficial to you. Effective April 2019 SSS members shall follow the New SSS Contribution Table 2019.

The Social Security System SSS issued a new SSS contribution table for 2020 that shows how much their members need to pay as contributions each month. Below is a the official memo from SSS Circular 2020-035-b with the revised SSS contribution tables applicable to Voluntary Members VM and Non-Working Spouse members. This is the amount the employer must remit to the SSS which is posted on the employees SSS account after payment.

This is a copy of SSS contribution Table for 2020. Insured Monthly Earning Contribution Payment Per Month Contribution Payment Per Year. Below are the SSS monthly table of contributions schedule starting January 2021 for Voluntary Members and non-working spouses.

2019-05 on March 15 2019 prescribing the new contribution table that is effective in April 2019 as illustrated below. New SSS Contribution Table Effective January 2021. On December 7 2020 and.

11199 or the Social Security Act of 2018 the Social Security System SSS issued SSS Circular No. Its current minimum compensation range is set to 3250 with a total contribution of 390. 11199 or the Social Security Act of 2018.