Self employed, voluntary members and overseas Filipino workers who have already paid their contributions in advance for the applicable months onwards based on the old contribution scheduled are advised as follows:
SSS contributions are required by law for privately employed individuals. Each month, employer will deduct 3.36% from your basic salary. Upon payment to SSS, employers will then add an amount equivalent to 7.37% of your basic salary. Your total contribution will now become 11%. However, maximum salary credit is only at P16,000.
images credit: SSS Website
The New Contribution Schedule will be implemented for the applicable month of April and payable in May 2019.
Payment due date of SSS premiums are based on the 10th digit of a member’s account number.
What can you say about the new SSS Contribution Table? Will it benefit us members more?
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