Sss New Table 2020
Effective April 2019 SSS members shall follow the New SSS Contribution Table 2019.
Sss new table 2020. Youve come to the right page. You can find the new 2020 SSS contribution table below. For OFW Members Contribution Table.
The new law has also increased the minimum MSC from Php 2000 in 2020 to Php 3000 in 2021. 578-s2020 dated 04 November 2020. Please note that the table below reflects the.
New SSS Contributions Table for Self-Employed Voluntary and Non Working SSS Member. Are you looking for the updated SSS Contribution Table 2020. Likewise the maximum MSC will increase from Php 20000 in 2020 to Php 25000 in 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. If youre an OFW the minimum monthly salary credit is P5000. The amount you pay depends on your income so we recommend that you look closely which bracket you fall under.
For Employed Members the minimum monthly salary credit is PHP 3000 with a total contribution of PHP 400 while the maximum monthly salary credit is PHP 25000 with a total contribution of PHP 3280. Non-working spouses contribution is half 50 of the their working spouses most recent monthly salary credit with a. Aside from the increase in contribution rate part of the changes will require all those whose salary brackets start at 20250 and above to contribute to the SSS PESO Fund or the Mandatory Provident Fund.
The Social Security System SSS releases the new schedule of Contribution which will take effect in January 2021. OFW SSS Contribution Table 2021 New SSS Monthly Contribution for OFWI made this video presentation to give information about OFW SSS Contribution Table 202. New SSS Quarterly Payment Deadline and Payment Deadline Table.