The SSS Contribution Table (Chart) reflects the range of contribution rates (in Philippine Pesos) per month that a member has to remit to the Social Security System.
New, updated, or revised SSS Contribution Tables are released periodically by SSS to inform its respective members about their respective monthly contribution amounts. The new release of sss contribution tables is always effective on the first day of the month (January 1) of the succeeding year.
You can see in the new SSS contribution tables the range of compensation, monthly salary credit, Workers’ Investment and Savings Program, and contribution amount per month of the respective members.
Here is the new and latest SSS Contribution Table for the year 2023. This new table of contributions will take effect starting January 1, 2023.
As members under Self-Employed, Voluntary, Landbased OFWs, and Kasambahay, you can use this table as a reference to know the amount of your contribution which you have to remit on a monthly, quarterly, semi-annually, or annual basis to SSS.
How Much is the SSS Contribution for Self-Employed Members?
The monthly SSS contribution of Self-Employed members is between 570 pesos to 4230 pesos. The contribution amount depends on the salary of the member.
According to the Social Security Act of 2018, the rate is 14 percent of the “Self-Employed” member’s salary per month. The minimum salary credit is 4000 pesos and the maximum is 30000 pesos per month.
How Much is the SSS Contribution for Voluntary and Non-Working Spouse Members?
According to the new sss contribution table, the contributions that Voluntary and Non-Working spouse members can remit are between 560 pesos to 4200 pesos per month.
Based on the Social Security Act of 2018, all “Voluntary and Non-Working Spouse” members will have a contribution rate of 14 percent. The minimum salary credit and maximum salary credits are 4000 pesos and 30000 pesos, respectively.
How Much is the SSS Contribution for OFW? (Landbased)
The monthly SSS contribution of OFW (landbased) is between 1120 pesos to 4200 pesos. The Social Security Act of 2018 indicates that all land-based Overseas Filipino Worker members’ contribution rate is 14 percent.
The minimum salary credit is 8000 pesos and the maximum salary credit is 30000 pesos per month.
How Much is the SSS Contribution for Household Employers and Kasambahay Members?
The monthly SSS contribution of Household Employers and Kasambahay members is between 150 pesos to 4230 pesos.
For Household Employers and Kasambahay, based on the Social Security Act of 2018, the contribution rate is 14%. The minimum salary credit per month is 1000 pesos and the maximum is 30000 pesos.
When is the Deadline for Payment of SSS Contributions
Household Employers, Self-employed, Voluntary, and Non-Working Spouses members have to pay their contribution on the last day of the month following the applicable month or calendar quarter.
Overseas Filipino Worker members have to pay their contributions for the months of January to September until December 31 of the applicable year. On the other hand, the contributions for the month of October to December can be paid on January 31 of the following year.
Farmers and Fishermen members have to pay their contributions in the current month for any of the last 12 months.
source of photos: https://www.facebook.com/SSSPh
Note: If the payment deadline falls on Saturday, Sunday, or Holiday. Members can pay their contributions on the next working day.
How Can I Check My SSS Contribution
You can check your SSS Contribution on the website, in the mobile app, and via text messaging. You must register your SSS number to these facilities before you can do so.
What is the meaning of WISP in the SSS Contribution Table?
WISP is an acronym for “Worker’s Investment and Savings Program”. Self Employed, Voluntary, and OFW members have to shoulder their WISP contributions. Meanwhile, Employers and employees share the payment for WISP.
What is the meaning of EC in the SSS Contribution Table?
EC is an initialism that means “Employees’ Compensation”.
What is the meaning of EE in the SSS Contribution Table?
EE is an initialism that means “Employee’s Contribution”.
What is the meaning of ER in the SSS Contribution Table?
ER is an initialism that means “Employer’s Contribution”.
What is the meaning of MSC in the SSS Contribution Table?
MSC is an initialism that means “Month Salary Credit”.
What is the meaning of HR in the SSS?
HR is an initialism that means “Household Employer”.
What is the meaning of HE in the SSS?
HE is an initialism that means “Kasambahay or Household Employee”.
*There you have it guys! I hope this post will be able to help you know the new sss contribution table for 2023 as well as the respective deadline for payment of contributions for the different types of members.
