The SSS is one of the most important government mandated benefits everyone must adhere to, especially for Freelancers or Self-Employed/Voluntary members. I must admit as a Freelancer myself, it’s hard to cope with the contributions considering we only get clients on a project basis. (Notwithstanding, the bills that pop up in our mailbox every month!)
Although we are not born to just pay the bills, we often wish we had a lot of savings than receipts in our wallets, don’t we?
Anyhow, as I was looking for information on my monthly contributions, I came across Philpad.com’s article about the latest SSS Contribution Table for 2016.
Philpad.com posted two tables: One for SSS Employers and Employed and the second table was for Self-Employed, Overseas Filipino Workers (OFW), and Voluntary members.
For employers and employed
Source: Philpad.com
According to SSS.gov.ph, the rates of contributions are based on the compensation of the members. Currently, the rate is 11% of the monthly salary credit NOT exceeding P16,000 is being shared by the employer (7.37%) and the employee (3.63%).
Voluntary, Self-Employed, and OFW Members Table
Source: Philpad.com
As noted in the SSS website, the self-employed or voluntary members, pay the 11% of the monthly salary credit based on the monthly earnings declared at the time of registration.
Meanwhile for OFWs, the minimum monthly salary credit is at P5,000 and for a non-working spouse, the contribution will be based on 50% of the working spouse’s last posted monthly salary credit. However, it shouldn’t be lower than P1,000. (Source: SSS.gov.ph)
Online facility to check SSS contributions
Luckily, gone are the days when we need to stay in line for hours just to check our contributions to SSS. Everyone can now view current premiums contributions and static information online. Furthermore, you can also download your employment history should you need it as a requirement. This is why, everyone, especially, EMPLOYERS must have an SSS online account to enjoy the above-mentioned features.
You may sign up and/or view your history at sss.gov.ph.
Millie is currently working as the Features Editor for WhenInManila.com. She loves to collaborate, organize workshops, photography, cook, and eat. When she’s not busy, she reads and travels with the family to discover beautiful places. She also believes that it is only when you get out of your comfort zone that you will truly realize who you are.
SSS Contribution Table Effective January 2016
The SSS is one of the most important government mandated benefits everyone must adhere to, especially for Freelancers or Self-Employed/Voluntary members. I must admit as a Freelancer myself, it’s hard to cope with the contributions considering we only get clients on a project basis. (Notwithstanding, the bills that pop up in our mailbox every month!)
Anyhow, as I was looking for information on my monthly contributions, I came across Philpad.com’s article about the latest SSS Contribution Table for 2016.
Philpad.com posted two tables: One for SSS Employers and Employed and the second table was for Self-Employed, Overseas Filipino Workers (OFW), and Voluntary members.
For employers and employed
Source: Philpad.com
According to SSS.gov.ph, the rates of contributions are based on the compensation of the members. Currently, the rate is 11% of the monthly salary credit NOT exceeding P16,000 is being shared by the employer (7.37%) and the employee (3.63%).
Voluntary, Self-Employed, and OFW Members Table
Source: Philpad.com
As noted in the SSS website, the self-employed or voluntary members, pay the 11% of the monthly salary credit based on the monthly earnings declared at the time of registration.
Meanwhile for OFWs, the minimum monthly salary credit is at P5,000 and for a non-working spouse, the contribution will be based on 50% of the working spouse’s last posted monthly salary credit. However, it shouldn’t be lower than P1,000. (Source: SSS.gov.ph)
Online facility to check SSS contributions
Luckily, gone are the days when we need to stay in line for hours just to check our contributions to SSS. Everyone can now view current premiums contributions and static information online. Furthermore, you can also download your employment history should you need it as a requirement. This is why, everyone, especially, EMPLOYERS must have an SSS online account to enjoy the above-mentioned features.
You may sign up and/or view your history at sss.gov.ph.
Although, the added pension was recently tackled and vetoed by the President, SSS, when paid diligently is relatively helpful, especially, when you need an emergency loan or maternity assistance.
What are your thoughts on their updated contribution table? Share them below.
About The Author
Millie is currently working as the Features Editor for WhenInManila.com. She loves to collaborate, organize workshops, photography, cook, and eat. When she’s not busy, she reads and travels with the family to discover beautiful places. She also believes that it is only when you get out of your comfort zone that you will truly realize who you are.
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