New Sss Contribution Table 2020 Self Employed, Sss Contribution Table 2020 Sss Benefits For Filipinos

Employed members are required to pay 12 of their monthly salary credit msc not exceeding p20000.

Government college university lahore admission 2020 bscs. 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. The sss contribution table guides you on the amount that you should pay as a member of the sss. For voluntary self employed non working spouse and ofw members.

Old sss contribution table 2018. Sss contribution table 2020 for employed self employed voluntary member non working spouse. There are 37 monthly salary credits beginning from 2000 pesos and increasing in increments of 500 pesos up to the maximum of 20000 pesos as of the latest sss contribution table effective april 2019.

Php 20000 x 012 php 2400. 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. 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.

Its tricky to determine the sss contribution of voluntary members because their income is not fixed. 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. How much should voluntary members contribute.

Sss contribution tables 2020 update the three 3 main sss contribution tables are shown below. Effective april 2019 below is the new sss contribution table for employed self employed voluntary members and non working spouses. Lets say your msc is php 20000 and the contribution rate is 12 for 2019 to 2020 heres how to compute your contribution as a self employed member.

Sss contribution table 2020 for self employed voluntary member and non working spouse minimum monthly salary credit is p200000 the contribution of the non working spouse shall be based on 50 of the monthly salary credit msc of hisher working spouse. Sss contributions january 2014 to march 2019. New sss table of contribution updated 2020 the minimum monthly salary credit or msc is p2000.

For your sss contributions until march 2019 you may refer to the old sss contribution table 2018 below. Sss contribution table 2020. Again the new contribution rate is 12.

The employer pays 8 while the employee pays 4.