How much is SSS monthly 2021?
Effective January 2021, SSS has increased its contribution rate from 12 percent to 13 percent and 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.
How can I see my SSS contribution table?
How to Check Your SSS Contributions Online
- Step 1: Visit the SSS website. Access the SSS website at www.sss.gov.ph.
- Step 2: Log in to your My. SSS account.
- Step 3: Go to the SSS Contribution Inquiry page. Hover your mouse to the Inquiry menu (beside Home and Member Info) and click ‘Contributions’.
What is the minimum monthly salary credit for Ofws 2021?
P8,000
OFW coverage starts on the first day of remittance payment to SSS. The minimum Monthly Salary Credit (MSC) is P8,000 up to P25,000, with monthly contribution payments, ranging from P1,040 to P2,600, respectively.
What will happen if you stop SSS contribution?
pay all unpaid contributions plus a penalty of three percent per month; and. be held liable for a criminal offense punishable by fine and/or imprisonment.
Did SSS increase contribution 2021?
Under Sec. 4(a)(9) of Republic Act (RA) No. 11199, a one percent contribution increase will be imposed on SSS members every two years starting 2019 until 2025. This means that from a contribution rate of 12 percent in 2020, contribution rate will increase to 13 percent beginning January 2021.
How is SSS contribution calculated 2021?
The 2021 SSS Contribution Table.
- Employed Members. Of the 13% contribution rate, the employee pays 4.5% through monthly salary deductions, while the employer shoulders the remaining 8.5%.
- Self-employed Members.
- Voluntary and Non-Working Spouse Members.
- OFW Members.
- Household Employers and Kasambahay.
How can I check my SSS account?
How to Check SSS Contributions Online Steps 2021
- Step 1: Go to sss.gov.ph, then proceed to member log in.
- Step 2: Hover your mouse to the “Inquiry” tab.
- Step 3: Go to Contributions in the drop-down menu.
- Step 4: View your monthly SSS Contributions.
Can I increase my SSS contribution?
This means that as long as you are less than 55 years old, you can change your SSS contribution amount as many times as you want. You can also increase or decrease your contribution by any number of salary brackets without having to submit a declaration of earnings.
What will happen if I stop paying my SSS contribution?
When do the new SSS contribution tables come out?
The Social Security System (SSS) has finally released the official monthly contribution tables for 2021 which mandate the increase in monthly SSS contribution and changes in the Minimum and Maximum Monthly Salary Credit (MSC) effective January 2021.
What are the columns in SSS contribution-ER?
This is the column “SS Contribution-ER”, the counterpart contribution of your employER (thus,”ER”). 4. EC Contribution. This represents contributions for the “Employees’ Compensation” (EC) Program which is a fund for work-connected injury, sickness, disability and death with cash income benefit, medical, rehabilitation and related services.
What’s the minimum monthly contribution for SSS in PHP?
Below are the SSS monthly table of contributions schedule starting January 2021 for regular members/employees. For Employed Members, the minimum monthly salary credit is PHP 3,000, with a total contribution of PHP 400, while the maximum monthly salary credit is PHP 25,000, with a total contribution of PHP 3,280. Regular Monthly SSS Contributions.
Is there an Excel file for SSS contribution?
If you are computing your payroll manually or using Microsoft Excel, we created the contribution file in excel format. You may download the January 2021 SSS Contribution Table Excel File here. New SSS Contribution Effective January 2021 for Self-Employed Member, click here for the article.