Understanding Monthly Contributions to SSS: A Comprehensive Guide
Learn how SSS monthly contributions are calculated based on your salary. Get insights on employee and employer shares.
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The monthly contribution in SSS depends on your monthly salary. As of the latest data, both employer and employee contributions are calculated based on a contribution table. For example, if you earn ₱20,000 monthly, your total contribution would be around ₱2,430 where the employee share is approximately ₱900 and the employer share is ₱1,530. It's advisable to consult the latest SSS contribution table to ensure accuracy.
FAQs & Answers
- What factors determine the SSS monthly contribution? The SSS monthly contribution is primarily determined by your monthly salary. Contributions are calculated based on a contribution table, which specifies the rates for both employees and employers.
- How can I check my SSS contribution amount? You can check your SSS contribution amount by consulting the latest SSS contribution table or by logging into your SSS online account, where you can find your contribution history.
- Is there a difference between employee and employer contributions in SSS? Yes, there is a difference. Typically, the employer's share of the SSS contribution is higher than the employee's share, and both are based on the employee's monthly salary.
- How often do I need to update my SSS contribution? You should update your SSS contribution if your salary changes or when there are updates to the contribution rates as determined by the SSS.