Quick Answer: How Much Is The Monthly Contribution In SSS?

How much is the monthly payment for SSS?

If you are employed, the current SSS contribution rate is 12% of your monthly salary credit (MSC) not lower than P2,000 and not exceeding P20,000, and this is being shared by you (employee) and your employer at 4% and 8%, respectively..

How can I pay my SSS contribution in 2020?

11 Easy Steps to Pay Your SSS Contributions and Generate PRNs OnlineCreate a Taxumo account or log-in to your Taxumo account at www.taxumo.com. … Choose Pay Bills and then Gov’t Contributions on the left sidebar.Select the Payment Type.Select Payor Type.Enter your Payment Reference Number (PRN) if you have one.More items…•

Is allowance included in SSS contribution?

Using the “Monthly on the first or last payroll” Gross – This includes the employees Base pay, OT, ND, Tardiness, Holiday pay and taxable allowances. That concludes the ‘How PayrollHero computes the SSS deduction’ article.

What will happen if you skip SSS contribution?

There’s no penalty for individual members who fail to pay their contribution for a certain period. However, the SSS doesn’t allow members to make retroactive payments just so they qualify for a loan or benefit. You can only continue paying for the succeeding months or in advance, but never for the past unpaid months.

Can I pay my SSS contribution without PRN?

Upon payment without PRN, SSS will request members to update their contact information in the database. The member will then receive their PRN via SMS for their next payment of contributions. … The members can also update their contact information through SSS Mobile Application, log in using their My.

How much is the minimum SSS contribution for voluntary?

Voluntary members and self-employed members need to pay 11% of their monthly salary credit, based on the amount they declared upon registration. OFWs pay a minimum monthly salary credit of P5,000. Contributions for non-working spouses are based on 50% of the working spouse’s last posted monthly salary credit.

How can I avail SSS loan for voluntary member?

All currently employed, currently contributing self-employed or voluntary member. For a one-month loan, the member-borrower must have thirty six (36) posted monthly contributions, six (6) of which should be within the last twelve (12) months prior to the month of filing of application.

How much is the deduction for SSS?

The total amount of an employee’s SSS contribution is computed as 11% of the monthly salary (not more than Php16,000), but this is actually shared between the employee and the employer – the employee shoulders 3.63% while the employer pays for the remaining 7.37%.

Can I apply for SSS calamity loan without a job?

Applicants must have a local work or home address as registered in the SSS database. Additionally, you must not have previously granted final benefits like total permanent disability or retirement, and lastly, aspiring applicants should have no outstanding loans under the Loan Restructuring Program.

How can I apply for SSS first time?

A person registering with the SSS for the first time as a prospective employee should accomplish SSS Form E-1 (Personal Record) and submit it together with the original/certified true copy and photocopy of any of the following: baptismal, birth certificate, driver’s license, passport, Professional Regulation Commission …

How can I avail SSS benefits if unemployed?

To qualify for the SSS unemployment benefits program, you must meet the following criteria:Must not be over 60 years old at the time of unemployment. … Paid at least 36 months’ worth of monthly SSS contributions and 12 months have been paid in the last 18 months prior to job loss.More items…•

How is SSS contribution table 2020 calculated?

The total amount of an employee’s SSS contribution is computed at 11% of the monthly salary (with a salary ceiling of Php16,000), but this is actually shared between the employee and the employer – the employee shoulders 3.63% while the employer pays for the remaining 7.37%.

Can I still pay my SSS contribution late?

“For self-employed, voluntary, and non-working spouse members, they can pay their SSS contributions for the applicable months of January, February and March 2020, or the first quarter of 2020 until June 1, 2020. …

Who is eligible for SSS calamity loan?

Must be a Philippine resident. Location is in an area under the State of Calamity. Has paid at least 36 months of SSS contributions. Has paid at least six months of SSS contributions within the last 12 months before the month of the calamity loan application.

Can I pay my SSS contribution thru GCash?

OFW members may also pay for their Personal Equity and Savings Option (PESO) Fund contributions using the GCash App. SSS members and employers may simply register either by downloading the GCash app or dialing *143# to access the self-service menu using their Globe or TM mobile numbers.

How can I increase my voluntary contribution in SSS?

Voluntary, self-employed, and OFW members aged 55 and above can increase their contribution only once in a year and increase by one salary bracket from their last recorded MSC. Non-working spouse members can change the MSC based on 50% of their spouse’s current MSC.

Can I pay advance in SSS?

Self-employed and voluntary members may pay their monthly contributions prospectively or in advance, but never retroactively to cover month/s when no contribution payments were remitted.

Can I apply for SSS without a job?

Even self-employed and unemployed people and non-working spouses can become SSS members as long as they’re able to pay their monthly dues.

When should I pay my SSS contribution?

What is the SSS contribution payment deadline? Always pay your contribution on or before the due date (found on your SOA along with your PRN) to avoid missing a payment. If the due date falls on a weekend or holiday, you can pay on the next working day.

How much can I contribute to avail SSS pension?

120Retirement Benefit. There are two types of retirement benefit: monthly pension – a lifetime cash benefit paid to a retiree who has paid at least 120 monthly contributions to the SSS prior to the semester of retirement. lumpsum amount – granted to a retiree who has not paid the required 120 monthly contributions.