Sss Monthly Contribution 2020 Self Employed, Sss Contribution Table Benefits And Mode Of Payment

Meaning if you were previously employed your employer mustve remitted your sss contributions and it must have been posted in your sss account.

Government furlough scheme new rules. Employed members are required to pay 12 of their monthly salary credit msc not exceeding p20000. In this way theyll be able to understand if theyre under over or just right in paying. There are basically two types of sss members employees and self employed voluntary member or overseas filipino worker sevmofw.

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. 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. 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.

The monthly ec contribution of an se member is either of the two. The employer pays 8 while the employee pays 4. 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.

19 03 05 the policy on expanding the coverage of the employees compensation program ecp to the self employed se compulsory members of the social security system. Sss contribution table for self employed voluntary and ofw members. The employees compensation commission ecc issued on march 6 2019 board resolution no.

Effective april 2019 below is the new sss contribution table for employed self employed voluntary members and non working spouses. The monthly ec contribution of an se is either of the two. If youre an ofw the minimum monthly salary credit is p5000.

Or if you are a voluntary self employed or ofw member and you previously paid your sss contributions your payments must also show up in your records. 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. Starting applicable month of september 2020 payment reference number prn issued to sss self employed members will include ec contributions.

The sss contribution table for 2020 is located below specifically created for those who are self employed voluntary or are overseas filipino workers.