2020 Self Employed New Sss Contribution Table 2020, Updated Sss Contribution Table For 2019 Howtoquick Net
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If you want to download the sss contributions table 2020 then you may double click this image and save on your phone for your handy reference here is the new sss contributions table for employed self employed voluntary and non working spouse sss members for ofw members.
When did the furlough scheme start in the uk. Employed members are required to pay 12 of their monthly salary credit msc not exceeding p20000. Effective april 2019 below is the new sss contribution table for employed self employed voluntary members and non working spouses. There are basically two types of sss members employees and self employed voluntary member or overseas filipino worker sevmofw.
2020 sss contribution table for self employed voluntary or overseas filipino workers the contribution rate for overseas filipino workers ofws earning less than p8250 monthly is p960 and p2400 for those with more than p19750 monthly. For a guide on how to read the sss tables and how to compute the monthly contributions refer to our examples in the next section. Again the new contribution rate is 12.
For comments concerns and inquiries contact. If you are a worker in the private sector who is earning p2250 or less every month your contribution will be p240 p2000 x 12 240. The updated sss contribution table starting april 2020 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.
Sss contribution tables 2020 update the three 3 main sss contribution tables are shown below. Sample computation for a self employed member with php 1500 monthly income. Sss contributions of employed self employed voluntary member and non working spouse.
Sss contribution table 2020. For employed members the minimum monthly salary credit is php 2000 with a total contribution of php 250 while the maximum monthly salary credit is php 20000 with a total contribution of php 2430. Sample computation for self employed members with at least php 5000 monthly income.
The sss contribution table above and the succeeding ones can be used only from april 2019 to the end of 2020 as the contribution rate will increase again in 2021 onwards. The pag ibig fund uses php 5000 as the maximum income for computing a self employed members contribution. Sss contribution table 2020 for employed self employed voluntary member non working spouse.
Php 5000 x 002 php 100.
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