SSS Contribution Table 2018: How is it Different from the New One

If you are an SSS member, whether you’re employed or self-employed or voluntary, it’s part of your responsibility to know when you’re supposed to pay your SSS contributions.

SSS members who are OFWs and non-working spouses must also know this so that you wouldn’t miss the deadline and hence pay on time.

Please take note that the Philippine Security System has already released the New SSS Contribution Table effective April 2019.

Click the link below to know more about it:

Please take note also that for self-employed, voluntary, non-working spouse and OFW members, you need to get your SSS PRN or Payment Reference Number to pay your SSS contributions.

Click the link below to know for more info about SSS PRN:

Previous SSS Contribution Table 2018

You may refer to the old SSS Contribution Table below to know how much you’re supposed to pay for the month of March 2019 or the first quarter of 2019.

Paying of SSS contribution and knowing when to settle it are made easier using the new SSS Contribution Table which you can see below.

sss-contribution-table

Source: Philippine Social Security System

How much are you supposed to pay for your SSS Contribution? 

The amount of your SSS monthly contribution is based on your compensation or how much you earn. Please take note that the current SSS contribution rate is 11% of the monthly salary credit not exceeding ₱16,000.

1. Employed Member – Your monthly contribution is being shared by you as the employee (3.63%) and your employer (7.37%).

2. Self-employed and Voluntary Members – You pay the full 11% of the monthly salary credit (MSC) for your SSS contribution based on your declared monthly earnings when you registered as SSS member.

3. OFW – You also pay the full 11% of your MSC but the minimum monthly salary credit is pegged at ₱5,000 or you should pay a minimum of ₱550 per month.

4. Non-working Spouse – Your SSS contribution will be based on 50% of your working spouse’s last posted monthly salary credit but please take note that it should not be lower than ₱1,000.

Therefore, the minimum amount that you can pay for your SSS contribution is P110, which is also the lowest contribution in the new SSS Contribution Table 2018.

 

When are your supposed to pay for your SSS Contribution? 

Like some other financial or investment companies, not being able to pay on time could mean incurring penalties or delays in the processing of your loans or benefits.

That’s why as a member of the Philippine Social Security System, you should also be responsible in paying your SSS contributions and SSS loans on or before its due date.

Below is the table or guide for SSS Contribution Payment Schedule and Due Dates.

new-sss-contribution-table-2017

A. For Employed Members

If you are employed or you work for an employer or company, it’s your employer’s task to deduct your share from your salary and your company’s share to pay for your monthly SSS contribution.

In short, your employer must pay your SSS contribution monthly in accordance with the prescribed schedule of payment (refer to the table above), which is according to the 10th digit of the Employer’s ID Number.

For business employers and household employers, please take note that you’re supposed to pay your employee’s SSS contribution on a monthly basis.

B. For Self-employed and Voluntary Members

If you are a self-employed or a voluntary member of SSS, your deadline of payment for your SSS contribution is also based on the 10th or last digit of your SSS number.

In terms of the frequency of your contribution, you can pay it either monthly or quarterly.

There are 4 quarters in a year and a quarter covers three 3 consecutive calendar months

  • Quarter 1: January, February, March
  • Quarter 2: April, May, June
  • Quarter 3: July, August, September
  • Quarter 4: October, November, December

You can pay for one month, or two months, or three months (1 quarter) but make sure to pay it before the deadline.

For example, if I’m a voluntary member and the last digit of my SSS number is 1 and I want to pay my SSS contribution for the second quarter (April, May, June), the deadline for my payment is on July 10.

Why July 10?

Because the last digit of my SSS number is 1 and the deadline for payment falls on the 10th day of the month following the last month of the quarter that I wanted to pay (the last month of the second quarter is June).

Just refer back to the table above if you still find my example confusing.

C. For OFWs

If you are an OFW member, you are allowed to pay your SSS contributions for the entire year (January to December) within the same year.

You can also pay your contributions for the months of October to December of a given year on or before January 31 of the succeeding year.

Why should you pay your SSS contribution on time? 

SSS provides various benefits based on the contributions that the member has made.

We should pay our contributions on time to avoid penalties and so that we can avail of the SSS benefits without delays or any issues in times of need.

The SSS Contribution Table 2018 is your handy guide to make sure that you don’t skip or miss the deadline for your SSS contribution payments.

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  1. […] Easy Guide to the New sss contribution table – Para sa Pinoy – CLICK HERE: New SSS Contribution Table – effective april 2019; You may refer to the old SSS Contribution Table below to know how much you’re supposed to pay for the month of March 2019 or the first quarter of 2019. Paying of SSS contribution and knowing when to settle it are made easier using the new SSS Contribution Table which you can see. […]

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