Effective January 2014, there will be a new SSS Contribution Table so everyone including employers, employees, self-employed, voluntary members and OFWs must know the latest contribution table.
I’ve been to the SSS office two days ago to pay the current quarter’s premiums and as usual to submit R3 reports. The very kind and accommodating employee reminded me about next year’s change of SSS contributions schedule. I asked a copy of the complete schedule for employers, employee, self-employed, OFWs and voluntary members as well. So here I am sharing them to everyone.
Thought to share the latest SSS Contribution table 2014 here. It will be very helpful if you print it out especially if you’re an employer so you can update your employees’ contributions earlier and not rush doing it at the exact time of your payment. I also advise voluntary members, OFWs and self-employed to know the update and check the new amounts from the table to avoid payment errors.
By the way, all members of SSS including employers are now required to have an SSS online account. Apparently, the Social Security System is aiming to make everything online now which is great I think. Eventually, we don’t need to go to the SSS to transact or inquire about our account. There are features on the online account such as viewing premiums, static information, and employment history download that are now working. I hope other features for employers like uploading R3 will be working soon too. I’ve been trying to do the uploading manually online but the system causes errors. I asked that to the SSS too and they said, it would work in the future.
If you want to view and check your SSS account online, we have the ultimate guide here:
SSS Contributions Table for 2014
For employers and employed people, see the table below.
Schedule of contributions for self-employed, Overseas Filipino Workers and voluntary members, see the list below.
Note that the minimum salary credit for OFW member is P5,000.
What can you say about the new SSS Contribution Table? Will it benefit us members more? Share your comments below.