How much is the OFW contribution in SSS?

Meanwhile, an OFW with a monthly income of P25,000 should pay an SSS contribution of P3,250 per month—P2,600 shall be allotted to the Regular Social Security Program while the remaining P650 shall be allocated in the Workers’ Investment and Savings Program (WISP).

How much should an OFW contribute to SSS 2021?

The minimum compensation range for OFW contribution is ₱8,250 which has premium payment set to ₱1,040. While the maximum contribution range based on monthly salary is ₱24,750 and over which has a premium payment set to ₱3,250.

How is new SSS contribution calculated 2021?

The 2021 SSS Contribution Table

  1. Employed Members. Of the 13% contribution rate, the employee pays 4.5% through monthly salary deductions, while the employer shoulders the remaining 8.5%.
  2. Self-employed Members.
  3. Voluntary and Non-Working Spouse Members.
  4. OFW Members.
  5. Household Employers and Kasambahay.

How is SSS contribution table 2020 calculated?

How to Calculate Your SSS Contribution

  1. The current SSS contribution rate is 13% of the monthly salary credit not exceeding P25,000 and this is being shared by the employer (8.50%) and the employee (4.50%).
  2. For instance, a person earning Php10,000 will have a contribution of Php1,310.00.
  3. Out of this amount, only Php450.

How is OFW SSS pension calculated?

The computation of your SSS pension is based on the monthly salary credit and the number of years that you paid your SSS contributions. The higher the MSC and the longer you pay your contributions, the higher your SSS monthly pension will be.

How can I check my OFW contribution in SSS?

  1. Step 1: Go to sss.gov.ph, then proceed to member log in.
  2. Step 2: Hover your mouse to the “Inquiry” tab.
  3. Step 3: Go to Contributions in the drop-down menu.
  4. Step 4: View your monthly SSS Contributions.

What is the new SSS contribution for 2022?

The employer pays 8.5% while the employee pays 4.5%. The minimum monthly salary credit is ₱3,000 while the maximum monthly salary credit is ₱25,000. For example, if you’re earning ₱10,300 per month, your monthly salary credit is ₱10,500.

How can I update my SSS contribution of OFW?

An OFW with existing SS number can continue paying contributions through SS Form RS-5 where he/she should put a check mark on the box for Overseas Worker and indicate his/her correct SS number. Posting of said payment will change the membership status to OFW.

Is SSS contribution based on gross pay or basic pay?

Note: When you create an employee his SSS and Philhealth Contributions will default to Based on Gross Income. His HDMF Contribution will default to Based on Basic Income. The Contribution options are as follows: No – No contributions will be made.

What is the maximum SSS monthly pension?

If the member pays under the new maximum MSC of P20,000, the member’s new basic monthly pension will increase to P8,000. SSS said that the 1 percentage-point increase in contribution is reasonable, citing as an example an employee who earns a salary of P10,000.

Where can I get my SSS summary of contributions?

Through the Social Security System’s member portal, you can now view your SSS contributions online in less than five minutes. Logging into your SSS account lets you check more than just your contributions, though. You can also view and access other SSS features that can be beneficial to all SSS members.