How much is the SSS contribution for voluntary?
As voluntary members, they will now shoulder the entire 13 percent contribution rate, unlike previously when employed members share this monthly contribution with their employer—broken down as 8.5 percent (employer) and 4.5 percent (employee).
Can I still pay my SSS contribution last year voluntary?
You may opt to continue paying the total contributions as a voluntary member to maintain your right to full benefits.
How is SSS voluntary contribution calculated?
For self-employed and voluntary members, the contribution rate is 11% of the monthly salary credit (MSC) based on the monthly earnings declared at the time of registration. For OFWs, the minimum monthly salary credit is pegged at ₱5,000.
How can I make my SSS contribution to voluntary?
If you have an online account, just login to the My. SSS portal, choose “Voluntary” or “OFW” as your membership type, and generate a Payment Reference Number (PRN). After the contribution is paid, your membership status will automatically change to voluntary or OFW.
Can I increase my voluntary SSS contribution?
Yes. You may change your contribution amount or MSC (Monthly Salary Credit) as a voluntary, self-employed, or OFW member when your monthly income has increased or decreased. The same is true for non-working spouse members, although the basis of their contribution is their spouses’ declared monthly income.
How do I change my SSS voluntary?
When did the latest SSS contribution table come out?
E mployers, employees, OFWs, self-employed, and voluntary members, including household help must be knowledgeable on the latest and updated Social Security System (SSS) Contribution Table 2015 which had been effective since 2014.
How much can I contribute to SSS per month?
There are 37 monthly salary credits, beginning from 2,000 pesos and increasing in increments of 500 pesos up to the maximum of 20,000 pesos, as of the latest SSS contribution table, effective April 2019. Table of SSS contributions for OFWs, voluntary, self-employed and employed members:
What was the SSS increase in January 2014?
From January 2014 the monthly contribution for SSS will raise from 10.4% to 11% of their monthly salary credit (MSC). The raise of 0.6% will be divided equally between employee and employer. This effects all members. Employers, Employees, Voluntary & OFW members and self-employed.
When to pay your SSS contribution as a voluntary member?
The schedule of payment for OFWs is a bit different because they can pay their contributions for the months of January to December of a given year ANYTIME within the year. If they pay quarterly though, their SSS contributions for the months of October to December of a given year may be paid on or before the 31st of January of the succeeding year.