new sss contribution 2021

New Schedule of SSS Contribution Table 2021

The Social Security System SSS releases the new schedule of Contribution which will take effect in January 2021. Aside from the increase in contribution rate, part of the changes will require all those whose salary brackets start at 20,250 and above to contribute to the SSS PESO Fund or the Mandatory Provident Fund.

SSS Circulars 2020-033-b; 034-b; 035-b

The SSS shall implement the NEW SCHEDULE OF REGULAR SOCIAL SECURITY, EMPLOYEES’ COMPENSATION (EC) AND MANDATORY PROVIDENT FUND CONTRIBUTIONS for Regular Employers & Employees, Self-Employed, Voluntary & Non-Working Spouse and Household Employers & Kasambahay as mandated under Republic Act No. 11199 or the Social Security Act of 2018, and detailed under SSS Circular Numbers 2020-033-b, 2020-034-b, 2020-035-b and 2020-036-b as of 22 December 2020.

What’s the difference between the Old Rate and the New SSS Rate?

The new contribution rate and new minimum and maximum Monthly Salary Credits (MSC) that will be implemented starting January 2021 are aimed at covering a larger percentage of the contributing members’ monthly incomes, so that they can look forward to larger benefit amounts and/or higher pension savings in the future. Refer to the table below.

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Employee and Employer Share

Employee ShareEmployer ShareTotal
Old Rate4%8%12%
New Rate4.5%8.5%13%

Minimum and Maximum MSC

MinimumMaximum
Old MSCP2,000P20,000
New MSCP3,000P25,000

Significant Features of the New contribution Schedule

  • For those contributing at an MSC of P20,000 and below, the additional amount per month ranges from P10 to P100 only, for both the employee and employer.
  • For self-employed and voluntary members, the additional amount for monthly contributions ranges from P30 to P200 only.
  • For those contributing at an MSC above P20,000 to the maximum P25,000, the additional amount for monthly contributions ranges from P265 to P850, which all go to the member’s WISP account.

Impact of the New Contribution Rate on Regular SS Program and WISP

New SSS Table for Employers- Employees 2021

Pursuant to the enactment of Republic Act No. 11199, otherwise known as the Social Security Act of 2018, which includes a provision that increases the Social Security (SS) contribution rate to 13%, the minimum Monthly Salary Credit (MSC) to P3,000, and the maximum MSC to P25,000 effective year 2021, the new schedule of contributions of employers (ER) and employees (EE) is hereby issued and shall be effective for the applicable month of January 2021.

SSS new Contribution employer-employee 2021

Download here

SSS Contribution Self-employed 2021

Here is the SSS Contribution table for Self employed.

You can download it here

SSS Contribution for Voluntary and Non-working Spouse

Refer to the photo below for the SSS Voluntary Contribution table 2021.

SSS contribution for Voluntary and non working spouse 2021
SSS contribution for Voluntary and non working spouse 2021

Download here

For Household Employers and Kasambahay

Download here

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SSS Contribution for Overseas Filipino Workers (OFW)

Download here

Deadline of Payment of Contributions

Type of PayorDeadline
Regular EmployersLast day of the month following the applicable month
Household EmployersLast day of the month following the applicable month or calendar quarter
Self-employed, Voluntary and Non-Working spouse membersLast day of the month following the applicable month or calendar quarter
OFW membersJanuary to September- until December 31 of the applicable year
October to December -until January 31 of the following year

Source: SSS

5 thoughts on “New Schedule of SSS Contribution Table 2021”

  1. Guess, both SSS and Philhealth don’t use their heads and just increase contributions without taking into account the difficulties that happened in 2020. Guess, if they continue increasing the contributions and will just accumulate large sum of money for to be used by unscrupulous and greedy high ranking officials. Look at what happened in Philhealth? What happened to those corrupt officials that were investigated? NOTHING, just investigation. Where is the money stolen? When will this country change?

  2. The Table of New SSS Contribution Schedules
    can not be enlarged, for this; Can not be viewed properly,,

    the Post is POOR.

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