Digido will give a loan if SSS loan is no available!

Here you will find the SSS Contribution Table 2021. If you need extra money, but you don’t qualify for an SSS salary loan, Digido can help. Show 1 ID and get an online loan of up to 25,000 pesos for up to 30 days!

Key takeaways:

  • Here you will find the SSS Contribution Table 2021.
  • The money you contribute to SSS makes you eligible for a loan.
  • Need money but you are not entitled to get a SSS loan?
  • The best alternative you should try is Digido.
  • It is a lending institution that has a loan available to you online up to 25,000 pesos.

SSS Monthly Contribution Table Guide in the Philippines

The Social Security System, or widely known as SSS, updates the monthly contribution table every year. And for the year 2021, despite the pandemic, the contribution rate has increased from 12% to 13%. Many Filipinos are against the SSS new contribution rate. However, it is the Republic Act 11199 that made the increase into reality.

President Rodrigo Duterte signed R.A. 11199, or the Social Security Act of 2018, on February 18, 2019. With this law, the SSS contribution rate should increase every other year until it reaches 15% in the year 2025. The reason behind the increase is to provide retirement security for all the members. And this is not only for the existing pensioners but also for the future retirement of the other members.

For the record, from 1980 until 2016, the contribution rate has just increased 4 times. But it has grown its pension rate 22 times during this period, plus PHP 1,000 monthly to the pensioners.

What is the SSS Mandatory Provident Fund?

If you are an employee, you have probably noticed a significant increase in your SSS deduction. You may be confused because you know that the contribution rate has increased only by 1%. To make it clear, the additional charge is not a contribution to the usual SSS program. It is the SSS Mandatory Provident Fund.

The SSS Mandatory Provident Fund was previously the SSS P.E.S.O. Fund or the Personal Equity and Savings Option. It was a voluntary provident fund offered by SSS to its members in addition to the SSS program. With this, members could save more to have more benefits in the future.

However, due to the Social Security Act of 2018, the P.E.S.O. Fund switched into a mandatory fund. Being indicated in the law, it states that members will receive additional benefits, but they shall save it along with their contribution. Its basis is on the monthly salary credit msc over PHP 20,000 up to the maximum threshold and earnings of the member.

The advantages include:
βœ“ tax-free, guaranteed earnings;
βœ“ contributions placed in guaranteed investments.

SSS will divide your provident fund into 3 account types that will surely benefit you:
βœ“ Additional retirement / disability benefit;
βœ“Medical benefit;
βœ“ General-purpose (education, housing, livelihood, unemployment).

Who Can Pay the SSS Contribution Payment?

If you are employed, your employer is responsible for remitting your SSS contribution. Your employer will deduct the amount of your share directly to your pay. Additionally, your employer will pay his share for your SSS contribution.
But if you are a self-employed individual, you can pay your SSS contributions online. You can remit your share using the SSS mobile app, Gcash, Paymaya, Unionbank online, or BPI online. Note that you first need to sign in to the SSS website and create an account.

I want to borrow β‚± 10000
Min: β‚± 1000
Max: β‚± 20000
Payment Terms 10 days
7 days
21 days
My Monthly Gross Income β‚± 20000
β‚± 1000
β‚± 200000
You return*: β‚± 10 000
All your data is under secure protection!
We recommend taking a loan!

* Interest payments are approximate. The final loan amount and interest rate must be confirmed in your loan agreement after loan approval.

Contribution Rates of SSS

For the employed SSS members, the employee will shoulder 4.5% through monthly salary deductions. Meanwhile, the employer will cover the remaining 8.5% in the 13% contribution rate. Self-employed members will pay the corresponding contribution based on their gross income under the SSS salary bracket.

How to Compute Your Monthly SSS Contribution

For employed members:

Step 1. Identify your basic monthly rate or your gross income. Gross income includes the overtime pay and holiday pay less the absences for the period.
Step 2. Refer to the SSS contribution chart or the monthly SSS voluntary contribution table 2021. Under the Range of Compensation column, navigate the salary SSS bracket where your gross income falls. Find its corresponding MSC (Monthly Salary Credit) under the Total column.
Note that the Mandatory Provident Fund only applies to members having a gross income that exceeds PHP 20,000.
Step 3. Under the EE column, find your monthly deduction that corresponds to your MSC. For example, if your MSC is PHP 20,000, then your employer will deduct your pay of PHP 900.
Step 4. To get your total contribution (including the employer share), you can refer to the Total column at the rightmost part of the table. Thus, if your MSC is PHP 20,000 your total monthly contribution is PHP 2,630. This consists of your share of PHP 900 and your employer’s share of PHP 1,730.

For better understanding, you can compute your total contribution this way:

(MSC x Contribution Rate) + EC Contribution
PHP 20,000 x 13% = PHP 2,600 + PHP 30 = PHP 2,630
Note that the contribution rate is 4.5% for the employee and 8.5% for the employer. Hence, PHP 900 is for the employee and PHP 1,730 is for the employer.

But what if you exceed the PHP 20,000 threshold and you need to pay for the mandatory provident fund?
Just add the total mandatory provident fund to the 13% contribution plus EC contribution to get your total SSS contribution. For your salary deduction, you need to add your share in the mandatory provident fund to your employee contribution share.

For self-employed members:

Step 1. Refer to the monthly income you declared on your Form E-1. Under the Range of Compensation column, navigate the salary bracket where your gross income falls. Then, find its corresponding MSC (MinimumΒ  Monthly Salary Credit) under the Total column.
Step 2. Calculate your total monthly contribution this way:

(MSC x Contribution Rate) + EC Contribution
Note that with the SSS new contribution table, self-employed members can now pay for EC contribution themselves as well. Therefore, if your MSC is PHP 20,000, you need to remit the total contribution of PHP 2,630:
(PHP 20,000 x 13%) + PHP 30 = PHP 2,630

If you have noticed, the computations for both employed and self-employed are the same. They only differ in the amount to remit, as with employed individuals, the employer has a share with their contributions.

For voluntary and non-working spouse members:

Since voluntary members don’t have fixed monthly gross income, the MSC depends on the amount received on a certain month.
MSC x Contribution rate = Monthly Contribution
Meanwhile, for the non-working spouse, the monthly contribution is 50% of the working spouse’s MSC.
Β½ of Working Spouse MSC x Contribution Rate = Monthly Contribution

For OFW members:

Step 1. Under the Range of Compensation column, navigate the salary bracket where your gross income falls. Then, find its corresponding MSC or Monthly Salary Credit under the Total column.
Step 2. Calculate your total monthly contribution this way:
MSC x Contribution rate = Monthly Contribution

For Household Employers and Kasambahay:

If the monthly wage of the house helper is below PHP 5,000, the household employer should pay the full monthly contribution.
But if it is above PHP 5,000, the computation and procedure for the monthly contribution are the same with the employed members.

For the kasambahay:
Step 1. Under the Range of Compensation column, find your salary bracket and its corresponding MSC under the Total column.
Step 2. Under the EE column, find your monthly deduction that corresponds to your MSC. If your MSC is PHP 5,000 your total monthly contribution is PHP 225 which is 4.5% of the contribution rate.

Meanwhile, your employer will share the 8.5% or PHP 425 to complete the 13% rate, plus PHP 10 EC contribution.
(MSC x Contribution Rate) + EC Contribution
PHP 5,000 x 13% = PHP 650 + PHP 30 = PHP 660

SSS Contribution Table 2021 with Monthly Salary Credit

Mentioned above are the computation of each type of SSS members’ contribution.

Here are the five SSS Contribution Table for 2021 that you can use to calculate your contribution:

1. For Employers and Employees;
2. For Self-employed Members;
3. For Voluntary and Non-Working Spouse Members;
4. For OFW Members;
5. For Household Employers and Kasambahay Members.

RANGE OF COMPENSATION Monthly Salary Credit AMOUNT OF CONTRIBUTIONS
Regular Social Security / Employees Compensation Mandatory Provident Fund Total REGULAR SOCIAL SECURITY EMPLOYEE’S COMPENSATION MANDATORY PROVIDENT FUND TOTAL
ER EE TOTAL ER EE TOTAL ER EE TOTAL ER EE TOTAL
Below 3,250 3,000 – 3,000 255 135 390 10 – 10 – – – 265 135 400
3,250 – 3,749.99 3,500 – 3,500 297.50 157.50 455 10 – 10 – – – 307.50 157.50 465
3,750 – 4,249.99 4,000 – 4,000 340 180 520 10 – 10 – – – 350 180 530
4,250 – 4,749.99 4,500 – 4,500 382.50 202.50 585 10 – 10 – – – 392.50 202.50 595
4,750 – 5,249.99 5,000 – 5,000 425 225 650 10 – 10 – – – 435 225 660
5,250 – 5,749.99 5,500 – 5,500 467.50 247.50 715 10 – 10 – – – 477.50 247.50 725
5,750 – 6,249.99 6,000 – 6,000 510 270 780 10 – 10 – – – 520 270 790
6,250 – 6,749.99 6,500 – 6,500 552.50 292.50 845 10 – 10 – – – 562.50 292.50 855
6,750 – 7,249.99 7,000 – 7,000 595 315 910 10 – 10 – – – 605 315 920
7,250 – 7,749.99 7,500 – 7,500 637.50 337.50 975 10 – 10 – – – 647.50 337.50 985
7,750 – 8,249.99 8,000 – 8,000 680 360 1,040 10 – 10 – – – 690 360 1,050
8,250 – 8,749.99 8,500 – 8,500 722.50 382.50 1,105 10 – 10 – – – 732.50 382.50 1,115
8,750 – 9,249.99 9,000 – 9,000 765 405 1,170 10 – 10 – – – 775 405 1,180
9,250 – 9,749.99 9,500 – 9,500 807.50 427.50 1,235 10 – 10 – – – 817.50 427.50 1,245
9,750 – 10,249.99 10,000 – 10,000 850 450 1,300 10 – 10 – – – 860 450 1,310
10,250 – 10,749.99 10,500 – 10,500 892.50 472.50 1,365 10 – 10 – – – 902.50 472.50 1,375
10,750 – 11,249.99 11,000 – 11,000 935 495 1,430 10 – 10 – – – 945 495 1,440
11,250 – 11,749.99 11,500 – 11,500 977.50 517.50 1,495 10 – 10 – – – 987.50 517.50 1,505
11,750 – 12,249.99 12,000 – 12,000 1,020 540 1,560 10 – 10 – – – 1,030 540 1,570
12,250 – 12,749.99 12,500 – 12,500 1,062.50 562.50 1,625 10 – 10 – – – 1,072.50 562.50 1,635
12,750 – 13,249.99 13,000 – 13,000 1,105 585 1,690 10 – 10 – – – 1,115 585 1,700
13,250 – 13,749.99 13,500 – 13,500 1,147.50 607.50 1,755 10 – 10 – – – 1,157.50 607.50 1,765
13,750 – 14,249.99 14,000 – 14,000 1,190 630 1,820 10 – 10 – – – 1,200 630 1,830
14,250 – 14,749.99 14,500 – 14,500 1,232.50 652.50 1,885 10 – 10 – – – 1,242.50 652.50 1,895
14,750 – 15,249.99 15,000 – 15,000 1,275 675 1,950 30 – 30 – – – 1,305 675 1,980
15,250 – 15,749.99 15,500 – 15,500 1,317.50 697.50 2,015 30 – 30 – – – 1,347.50 697.50 2,045
15,750 – 16,249.99 16,000 – 16,000 1,360 720 2,080 30 – 30 – – – 1,390 720 2,110
16,250 – 16,749.99 16,500 – 16,500 1,402.50 742.50 2,145 30 – 30 – – – 1,432.50 742.50 2,175
16,750 – 17,249.99 17,000 – 17,000 1,445 765 2,210 30 – 30 – – – 1,475 765 2,240
17,250 – 17,749.99 17,500 – 17,500 1,487.50 787.50 2,275 30 – 30 – – – 1,517.50 787.50 2,305
17,750 – 18,249.99 18,000 – 18,000 1,530 810 2,340 30 – 30 – – – 1,560 810 2,370
18,250 – 18,749.99 18,500 – 18,500 1,572.50 832.50 2,405 30 – 30 – – – 1,602.50 832.50 2,435
18,750 – 19,249.99 19,000 – 19,000 1,615 855 2,470 30 – 30 – – – 1,645 855 2,500
19,250 – 19,749.99 19,500 – 19,500 1,657.50 877.50 2,535 30 – 30 – – – 1,687.50 877.50 2,565
19,750 – 20,249.99 20,000 – 20,000 1,700 900 2,600 30 – 30 – – – 1,730 900 2,630
20,250 – 20,749.99 20,000 500 20,500 1,700 900 2,600 30 – 30 42.50 22.50 65 1,772.50 922.50 2,695
20,750 – 21,249.99 20,000 1,000 21,000 1,700 900 2,600 30 – 30 85 45 130 1,815 945 2,760
21,250 – 21,749.99 20,000 1,500 21,500 1,700 900 2,600 30 – 30 127.50 67.50 195 1,857.50 967.50 2,825
21,750 – 22,249.99 20,000 2,000 22,000 1,700 900 2,600 30 – 30 170 90 260 1,900 990 2,890
22,250 – 22,749.99 20,000 2,500 22,500 1,700 900 2,600 30 – 30 212.50 112.50 325 1,942.50 1,012.50 2,955
22,750 – 23,249.99 20,000 3,000 23,000 1,700 900 2,600 30 – 30 255 135 390 1,985 1,035 3,020
23,250 – 23,749.99 20,000 3,500 23,500 1,700 900 2,600 30 – 30 297.50 157.50 455 2,027.50 1,057.50 3,085
23,750 – 24,249.99 20,000 4,000 24,000 1,700 900 2,600 30 – 30 340 180 520 2,070 1,080 3,150
24,250 – 24,749.99 20,000 4,500 24,500 1,700 900 2,600 30 – 30 382.50 202.50 585 2,112.50 1,102.50 3,215
24,750 – over 20,000 5,000 25,000 1,700 900 2,600 30 – 30 425 225 650 2,155 1,125 3,280

Why did SSS contributions increase?

As it was mentioned at the beginning of this article, the hike of SSS contribution is due to R.A. 11199. The purpose of this increase is to provide additional benefits for the future retirement of members.
The financial assistance of SSS should cope with its members’ growing demands. Since the value of money decreases over time, the old contribution rate is not sufficient to provide significant help. Thus, with the increase of the SSS contribution plus the provident fund, members can assure better benefits. Check out the new sss payment schedule for your job.

Apply now

Can I Get a Loan from SSS?

Members can apply for a salary loan to SSS given that they:

β˜‘ have at least 36 months total SSS contributions; and
β˜‘Β have 6 months of SSS contributions in the last 12 months.
Members can also apply for a 2-month salary loan with the condition that they:
β˜‘Β have at least 72 months of posted SSS contributions; and
β˜‘Β have 6 months of contributions in the last 12 months.

If you are not sure how many months you have contributed, you can check your member account on My.SSS portal.

FAQ

  • How much is SSS contribution per month in 2020?
    If you are employed, the current SSS contribution rate is 12% of your monthly salary credit not lower than P2,000 and not exceeding P20,000, and this is being shared by you and your employer at 4% and 8%, respectively.
  • What is the new SSS contribution for 2021?
    Based on the circular, the SSS enacted Republic Act No. 11199, otherwise known as the Social Security Act of 2018, which includes a provision that states there will be changes to the contribution effective year 2021, as follows: Social Security (SS) contribution rate increases to 13%
  • How many years should I pay SSS contribution?
    If with less than 120 monthly contributions, the member shall be entitled to a lump sum amount equivalent to the contributions paid by him/her and on his/her behalf. However, member has the option to continue paying contributions to complete the 120 months to become eligible for monthly pension.

Where to Get Money if I Am Not Entitled to a SSS Loan?

Need money but you are not entitled to get a SSS loan?

If yes, then you came to the right place. Digido offers you instant cash loans for Filipinos in need of funds. Whether it’s for an emergency, house repairs, or any financial contingencies, Digido can provide the money you need.

All operations are performed online - you don't have to leave your house
In only 4 minutes you can receive up to 5000 pesos in your bank account
We don't require guarantors representation, documentation, or guarantee deposits.
The service is fully automated

Here are some of the advantages of receiving loans at Digido:

β˜‘ You can borrow up to PHP 25,000 with a daily interest rate of only 1.5%, lower than other online loans.
β˜‘ It’s easier and convenient to apply. Digido only requires 1 government valid ID, and you just need to enter the necessary data into the online application.
β˜‘Β You will receive your money immediately after signing the contract. You have the option to receive the money via bank transfers, Cebuana Cash Pick-up, or Gcash.
β˜‘Β Repeat borrowers can avail of installment loans.
β˜‘ You can apply anytime and anywhere. Digido is always ready to serve you and provide for your financial needs. Visit the Digido website for further details of the loan application.

Conclusion

Note that when computing for your monthly contribution, always check the updates of SSS and updated SSS contribution table 2021. Moreover, make sure that you have updated contributions posted in their system to avoid any problems with your benefits. As a member of SSS, you should also know all new guidelines released by the agency. In summary, with the implemented law, SSS can provide you and the next generation with better retirement assistance in the future.

Apply now

Digido Reviews

  • Azen
    Very fast and reliable source of money. Easy payment option also πŸ™‚
    5
  • Joel
    Digido is the very best loan app I had ever applied with. Reliable loan Co. especially in this difficult times. Kudos to the mgt. Keep up the good work and the great service to your clients. Highly recommended. God bless and more powerπŸ™
    4
  • Nona
    One of the Best Loan App. Reliable. Affordable Fees. Thanks, Digido.
    4
  • Joseph
    Very convenient when in need. Fast approval and long term payment you can extend the payment with reasonable cost. Thanks and more power!
    5
  • Erica
    I tried Digido out of curiosity. To cut to the chase, Digido is ideal for "petsa de peligro" days where it's almost payday but also your bills is on due date because they have short payment terms (I was given 7 days term for my first loan). You can get approved as fast as 30mins and the loan will reflect immediately.
    4
Rating (4/5) 26 voted. Rate us

Download the Digido mobile app and get loan instantly!

  • Borrowing 24/7
  • Approval rate over 90%
  • 1 Valid ID

Loan money online now!

Written by: Sean Martin D. Plantado

Author pages:
Sean Martin Plantado is the head of Customer Care Dept. and Online Sales Dept. of Digido Finance Corp. creating articles, blogs, and other learning mediums that helps Filipinos struggling on their financial literacy. Sean also loves Cycling, Photography, Cinematography, Online gaming, Fine Arts, and dreams of becoming a Doctor of Veterinary Medicine.

Reviewed by: Rafael Hular

Author pages:
Rafael β€œRaffy” L. Hular is, the Finance and Accounting Manager. of Digido Finance Corp., monitoring and controlling the flow of cash that comes in and out of the company to meet the company’s business needs, preparing the financial reports and analysis of income and expenses, and monitoring tax compliance.Β  Raffy loves reading Japanese comics called manga and watching Japanese animated cartoon series. He dreams of establishing his own Accounting and Auditing Firm and teaching in a University.