The SSS Contribution Table for Self-Employed Individuals is a tool for self-employed individuals in the Philippines to understand their obligations to the Social Security System. Self-employed individuals are required to pay monthly contributions to the SSS based on their income to fund the SSS pension and other benefits.
Self-employed individuals in the Philippines can use this SSS Self-Employed Contribution Table 2023 to determine how much they need to contribute to the SSS based on their monthly income.
This information is crucial for understanding and meeting their obligations as members of the Social Security System.
SSS Contributions for Self-Employed Individuals Table in 2023
|Range of Compensation||Monthly Salary Credit||Amount of Contributions|
|Regular SS/Employee’s Compensation||Worker’s Investment and Savings Program||Total||Regular Social Security||Employee’s Compensation||Worker’s Investment and Savings Program||Total|
|₱4,250 – 4,749.99||₱4,500||–||₱4,500||₱630||₱10||–||₱640|
|₱4,750 – 5,249.99||₱5,000||–||₱5,000||₱700||₱10||–||₱710|
|₱5,250 – 5,749.99||₱5,500||–||₱5,500||₱770||₱10||–||₱780|
|₱5,750 – 6,249.99||₱6,000||–||₱6,000||₱840||₱10||–||₱850|
|₱6,250 – 6,749.99||₱6,500||–||₱6,500||₱910||₱10||–||₱920|
|₱6,750 – 7,249.99||₱7,000||–||₱7,000||₱980||₱10||–||₱990|
|₱7,250 – 7,749.99||₱7,500||–||₱7,500||₱1,050||₱10||–||₱1,060|
|₱7,750 – 8,249.99||₱8,000||–||₱8,000||₱1,120||₱10||–||₱1,130|
|₱8,250 – 8,749.99||₱8,500||–||₱8,500||₱1,190||₱10||–||₱1,200|
|₱8,750 – 9,249.99||₱9,000||–||₱9,000||₱1,260||₱10||–||₱1,270|
|₱9,250 – 9,749.99||₱9,500||–||₱9,500||₱1,330||₱10||–||₱1,340|
|₱9,750 – 10,249.99||₱10,000||–||₱10,000||₱1,400||₱10||–||₱1,410|
|₱10,250 – 10,749.99||₱10,500||–||₱10,500||₱1,470||₱10||–||₱1,480|
|₱10,750 – 11,249.99||₱11,000||–||₱11,000||₱1,540||₱10||–||₱1,550|
|₱11,250 – 11,749.99||₱11,500||–||₱11,500||₱1,610||₱10||–||₱1,620|
|₱11,750 – 12,249.99||₱12,000||–||₱12,000||₱1,680||₱10||–||₱1,690|
|₱12,250 – 12,749.99||₱12,500||–||₱12,500||₱1,750||₱10||–||₱1,760|
|₱12,750 – 13,249.99||₱13,000||–||₱13,000||₱1,820||₱10||–||₱1,830|
|₱13,250 – 13,749.99||₱13,500||–||₱13,500||₱1,890||₱10||–||₱1,900|
|₱13,750 – 14,249.99||₱14,000||–||₱14,000||₱1,960||₱10||–||₱1,970|
|₱14,250 – 14,749.99||₱14,500||–||₱14,500||₱2,030||₱10||–||₱2,040|
|₱14,750 – 15,249.99||₱15,000||–||₱15,000||₱2,100||₱30||–||₱2,130|
|₱15,250 – 15,749.99||₱15,500||–||₱15,500||₱2,170||₱30||–||₱2,200|
|₱15,750 – 16,249.99||₱16,000||–||₱16,000||₱2,240||₱30||–||₱2,270|
|₱16,250 – 16,749.99||₱16,500||–||₱16,500||₱2,310||₱30||–||₱2,340|
|₱16,750 – 17,249.99||₱17,000||–||₱17,000||₱2,380||₱30||–||₱2,410|
|₱17,250 – 17,749.99||₱17,500||–||₱17,500||₱2,450||₱30||–||₱2,480|
|₱17,750 – 18,249.99||₱18,000||–||₱18,000||₱2,520||₱30||–||₱2,550|
|₱18,250 – 18,749.99||₱18,500||–||₱18,500||₱2,590||₱30||–||₱2,620|
|₱18,750 – 19,249.99||₱19,000||–||₱19,000||₱2,660||₱30||–||₱2,690|
|₱19,250 – 19,749.99||₱19,500||–||₱19,500||₱2,730||₱30||–||₱2,760|
|₱19,750 – 20,249.99||₱20,000||–||₱20,000||₱2,800||₱30||–||₱2,830|
|₱20,250 – 20,749.99||₱20,000||₱500||₱20,500||₱2,800||₱30||₱70||₱2,900|
|₱20,750 – 21,249.99||₱20,000||₱1,000||₱21,000||₱2,800||₱30||₱140||₱2,970|
|₱21,250 – 21,749.99||₱20,000||₱1,500||₱21,500||₱2,800||₱30||₱210||₱3,040|
|₱21,750 – 22,249.99||₱20,000||₱2,000||₱22,000||₱2,800||₱30||₱280||₱3,110|
|₱22,250 – 22,749.99||₱20,000||₱2,500||₱22,500||₱2,800||₱30||₱350||₱3,180|
|₱22,750 – 23,249.99||₱20,000||₱3,000||₱23,000||₱2,800||₱30||₱420||₱3,250|
|₱23,250 – 23,749.99||₱20,000||₱3,500||₱23,500||₱2,800||₱30||₱490||₱3,320|
|₱23,750 – 24,249.99||₱20,000||₱4,000||₱24,000||₱2,800||₱30||₱560||₱3,390|
|₱24,250 – 24,749.99||₱20,000||₱4,500||₱24,500||₱2,800||₱30||₱630||₱3,460|
|₱24,750 – 25,249.99||₱20,000||₱5,000||₱25,000||₱2,800||₱30||₱700||₱3,530|
|₱25,250 – 25,749.99||₱20,000||₱5,500||₱25,500||₱2,800||₱30||₱770||₱3,600|
|₱25,750 – 25,249.99||₱20,000||₱6,000||₱26,000||₱2,800||₱30||₱840||₱3,670|
|₱26,250 – 26,749.99||₱20,000||₱6,500||₱26,500||₱2,800||₱30||₱910||₱3,740|
|₱26,750 – 26,249.99||₱20,000||₱7,000||₱27,000||₱2,800||₱30||₱980||₱3,810|
|₱27,250 – 27,749.99||₱20,000||₱7,500||₱27,500||₱2,800||₱30||₱1,050||₱3,880|
|₱27,750 – 27,249.99||₱20,000||₱8,000||₱28,000||₱2,800||₱30||₱1,120||₱3,950|
|₱28,250 – 28,749.99||₱20,000||₱8,500||₱28,500||₱2,800||₱30||₱1,190||₱4,020|
|₱28,750 – 28,249.99||₱20,000||₱9,000||₱29,000||₱2,800||₱30||₱1,260||₱4,090|
|₱29,250 – 29,749.99||₱20,000||₱9,500||₱29,500||₱2,800||₱30||₱1,330||₱4,160|
|₱29,750 – Over||₱20,000||₱10,000||₱30,000||₱2,800||₱30||₱1,400||₱4,230|
- SSS Contribution Table 2023 – Detailed Information
- SSS Contribution Table for OFW
- SSS Contribution Table for Employees and Employers
- SSS Contribution Table for Voluntary and Non-Working Spouses
- SSS Contribution Table for Household Employers and Kasambahays
- Making SSS Contribution Payments Easier Through Partner Channels
- How to Pay SSS Contributions in Bayad Center?
SSS Coverage for Self-Employed Individuals
To be eligible for SSS coverage as a self-employed individual, you must be engaged in a trade, business, or profession. Additionally, you must have an annual net income of at least P16,000.
To register for SSS coverage as a self-employed individual, you must complete the following steps:
- Visit the nearest SSS branch to obtain the necessary forms and documents.
- Fill out the application form and provide proof of your trade, business, or profession, such as a business permit or certificate of registration.
- Submit the completed form and supporting documents to the SSS branch, along with your initial contribution payment.
- Once your application has been processed, you will receive your SSS number, which you will need to verify and use when making future contributions and accessing benefits.
It’s important to note that SSS contributions are mandatory for all self-employed individuals who meet the eligibility criteria, and failure to make contributions can result in penalties.
SSS Contribution Rates for Self-Employed Individuals in 2023
In the Philippines, self-employed individuals are required to contribute to the Social Security System (SSS) if they are engaged in the following activities:
- Trade, business, or profession, whether single proprietorship or partnership, with or without employees.
- Services that are performed by professionals, such as doctors, lawyers, engineers, and accountants.
- Services performed by actors, directors, scriptwriters, and news correspondents.
- Services performed by musicians, singers, and dancers.
The contribution rate for self-employed individuals is 14% of the monthly salary credit in 2023, which is the amount used to compute the benefits and contributions of an SSS member.
The monthly salary credit is based on the gross income of the self-employed individual, and it is limited to the maximum salary credit set by the SSS, which is currently PHP 20,000 per month.
Self-employed individuals are also required to report their gross income to the SSS on a quarterly basis, and they must pay their contributions on a monthly basis. Failure to pay the required contributions can result in penalties and interest charges.
How To compute SSS contributions for self-employed?
To compute the SSS monthly contributions for self-employed individuals, you will need to follow these steps:
Determine The Monthly Salary Credit of Self-employed Individual
This is the amount used to compute your benefits and contributions. It is based on your gross income, and it is limited to the maximum salary credit set by the SSS, which is currently PHP 20,000 per month.
If your gross income is less than the maximum salary credit, your monthly salary credit will be equal to your gross income. But, if it is more than the maximum salary credit, your monthly salary credit will then be equal to the maximum salary credit.
For the higher salary, you need to pay the WISP amount.
Calculate the Amount of Monthly Contribution
The contribution rate for self-employed individuals is 14% of the monthly salary credit plus Employee’s compensation (EC). To calculate your contribution, multiply your monthly salary credit by 14% (0.14) plus EC.
For example, if your monthly salary credit is PHP 15,000, your contribution will be PHP 2,130 (15,000 x 0.14 + 30).
Check the WISP Amount For Self-Employed Members
Self-employed individuals are also required to pay the Worker’s Investment and Savings Program (WISP) amount if the range of compensation is over PHP 20,249.99.
For example, if your monthly salary credit is PHP 25,000, your WISP will be PHP 5000. In this case, your monthly contribution would be PHP 3,530 (25000 x 14 + 30).
For the latest payment schedule for the other types of contributions, must check the new SSS contribution table.
Benefits of Self-Employed SSS Contributions
Self-employed individuals who make SSS contributions are eligible for a range of benefits through the Social Security System (SSS) in the Philippines. These benefits include
1. Sickness benefit
This provides a daily cash allowance for self-employed individuals who are unable to work due to illness or injury. The allowance is paid for a maximum of 120 days per year. Check the list of sicknesses covered by SSS.
2. Maternity benefit
SSS maternity benefit provides self-employed individuals with a daily cash allowance for the duration of their maternity leave, up to a maximum of 60 days.
3. Disability benefit
This provides a cash allowance to self-employed individuals who become permanently disabled and are unable to work. The amount of the allowance depends on the degree of disability.
4. Retirement benefit
This provides a monthly pension to self-employed individuals who have reached the age of 60 and have made at least 120 monthly contributions to the SSS.
The amount of the pension depends on the individual’s contributions and length of service. You can use the SSS Pension Calculator for quick computation.
5. Death benefit
This provides a lump sum payment to the beneficiaries of a deceased self-employed individual who was an SSS member.
The amount of the benefit depends on the individual’s contributions and length of service.
6. Funeral and burial assistance
The SSS provides financial assistance to help cover the cost of funeral and burial expenses for deceased members.
The amount of assistance depends on the individual’s contributions and length of service.
7. Loans and advances
The SSS offers various types of loans and advances to members, including housing loans, salary loans, calamity loans, and educational assistance loans.
These loans are available at favorable rates and can be used for a variety of purposes.
8. Medical and dental services
The SSS operates its network of medical and dental facilities, where members can receive treatment at reduced rates.
This can help self-employed individuals save money on medical expenses.
9. Other services
The SSS also offers a range of other services to members, including legal assistance, career guidance, and counseling services.
Overall, the benefits of SSS contributions for self-employed individuals can be significant, providing them with access to a range of financial, medical, and other services.
That can help protect their health and financial security.
How to Pay SSS Contributions for Self-Employed Individuals
To pay SSS contributions over the counter, self-employed individuals should go to the nearest SSS branch, authorized payment center, or collecting bank and bring the following:
- Their SSS number
- Their SSS payment reference number (PRN), is a unique number assigned to each member for identification and tracking of payments. The PRN can be found on the SSS contribution payment notice or on their SSS account on the SSS website.
- The exact amount of their contributions can also be found on their contribution payment notice or on their SSS account.
- A valid ID, such as a driver’s license, passport, or SSS ID.
To pay online, self-employed individuals can go to the SSS website and follow these steps:
- Click on the “E-Services” tab and then select “Online Payment” from the drop-down menu.
- Click on the “Individual” tab and then select “Payment of Contributions” from the options.
- Enter their SSS number, PRN, and the exact amount of their contributions.
- Choose the payment method, such as credit card, debit card, or online banking, and follow the on-screen instructions to complete the payment.
To arrange for automatic debit from their bank account, self-employed individuals can enroll in the SSS E-CSV program by going to the SSS website and following these steps:
- Click on the “E-CSV Enrollment” link on the left side of the screen once you are logged in.
- Read the information on the E-CSV Enrollment page carefully. Make sure you understand the terms and conditions of the program before proceeding.
- Click on the “Proceed to E-CSV Enrollment” button.
- On the next page, you will need to provide some information about yourself and your bank account. This includes your name, SSS number, bank account number, and the name of the bank where you have your account.
- Review the information you have provided to make sure it is correct.
- If everything looks good, click on the “Submit” button to complete the enrollment process.
- You will receive a confirmation email once your enrollment in the E-CSV program has been approved.
- After your enrollment has been approved, your monthly SSS contributions will be automatically debited from your bank account on the due date. You can view the status of your enrollment and any transactions made through the E-CSV program by logging in to your SSS account and clicking on the “E-CSV Inquiry” link.
It is important to note that enrollment in the SSS E-CSV program is subject to the approval of the member’s bank.
Mistakes to Avoid when Paying SSS Contributions for Self Employed Individuals
Paying Social Security System (SSS) contributions as a self-employed individual can be confusing, especially if you are doing it for the first time.
Here are some common mistakes to avoid when paying SSS contributions:
1. Failing to Pay Self Employed SSS Contribution on Time
A common mistake made by self-employed individuals when paying their SSS contributions is failing to pay on time.
SSS contributions are due on the 10th of each month, and any contributions that are not paid by the due date may be subject to penalties and interest.
To avoid this mistake, self-employed individuals should make a plan to pay their SSS contributions on time, such as setting up automatic payments or reminders.
2. Incorrect Computation
A second common mistake by the Self-employed is that they incorrectly compute the contributions.
Self-employed individuals are responsible for calculating their own SSS contributions based on their net income and their monthly salary credit, which is the amount on which their contributions are based.
If the calculation is incorrect, the self-employed individual may pay too much or too little in contributions.
3. Incomplete Payment Information
In order to make a payment, self-employed individuals must provide their SSS number, the correct amount of their contributions, and their name and address.
If any of this information is missing or incorrect, the payment may not be processed correctly.
How to Ensure Accurate and Timely SSS Contributions for Self-Employed Individuals?
As a self-employed individual, it is important to ensure that your contributions to the Social Security System (SSS) are accurate and timely to ensure that you are able to receive benefits when you are eligible.
Here are some steps you can take to ensure accurate and timely SSS contributions:
1. Pay on time
Set up automatic payments or reminders to make sure that your SSS contributions are paid by the due date along with your other Pag-Ibig or Philhealth contributions payment schedule.
2. Calculate correctly
Use the correct formula to calculate your contributions based on your net income and monthly salary credit.
You can calculate your SSS Contributions for Self-Employed Individuals with our SSS Contribution Calculator.
3. Provide complete payment information
Double-check your SSS number, payment amount, and personal information before making a payment to ensure that it is processed correctly.
4. Keep records
Keep a record of your payments and calculations, as well as any correspondence with the SSS, in case you need to reference them in the future.
5. Understand your obligations
Self-employed individuals are responsible for calculating and paying their own SSS contributions. It is essential to understand this obligation and to make sure that you are paying the correct amount on time.
6. Use online tools
The SSS website offers a number of online tools and resources that can help self-employed individuals calculate their contributions and make payments.
These tools can be useful resources to help avoid mistakes and ensure accuracy.
7. Seek assistance
If you are unsure about how to calculate your contributions or have questions about your obligations, you can contact the SSS for assistance.
They can provide guidance and support to help you avoid mistakes and ensure that your contributions are paid correctly.
8. Stay up to date
The rules and regulations regarding SSS contributions can change over time. To avoid mistakes, self-employed individuals should stay up to date with any changes and make sure that they are following the latest guidelines.
By following these tips, self-employed individuals can avoid common mistakes and ensure that they are meeting their obligations when it comes to paying SSS contributions.
The Social Security System (SSS) is a government-run program in the Philippines that provides social security benefits to its members.
For self-employed individuals, paying their SSS contributions is essential because it allows them to avail of social security benefits such as sickness, maternity, retirement, and death benefits.
Additionally, self-employed individuals who are registered with the SSS and pay their SSS self-employed contribution regularly are also eligible for loan privileges.
Therefore, it is essential for self-employed individuals to register with the SSS and pay their contributions regularly to secure their future and avail of the benefits offered by the program.