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Starting Freelancing in 2023? Know Your Monthly Payments for SSS, PAG-IBIG, and PhilHealth

As a freelancer starting out in the Philippines, it’s important to understand your financial responsibilities, including the monthly contributions to government-mandated programs like the Social Security System (SSS), Pag-IBIG Fund, and the Philippine Health Insurance Corporation (PhilHealth). 

To ensure accuracy, let’s refer to the latest information provided by the respective government agencies.

Social Security System (SSS):

The SSS is a social insurance program that provides benefits to Filipino employees, including freelancers. Here’s what you need to know:

a. Monthly Contribution Rates:

According to the latest SSS contribution schedule released in December 2020, the minimum monthly salary credit (MSC) is ₱3,000, and the maximum MSC is ₱25,000. The contribution rate is 12% of your monthly earnings within the prescribed MSC range.

b. Payment Procedure:

You can pay your SSS contributions through various channels, including over-the-counter payments, online banking, or the SSS mobile app. Visit the official SSS website (www.sss.gov.ph) for detailed information on payment options and procedures.

Pag-IBIG Fund:

The Pag-IBIG Fund is a government agency that offers housing loans, savings programs, and other benefits to Filipino workers. Consider the following:

a. Monthly Contribution Rates:

As of 2021, the monthly contribution rate for Pag-IBIG Fund is ₱100, which is a fixed amount for all members, including freelancers.

b. Payment Procedure:

You can pay your Pag-IBIG contributions through various channels, such as over-the-counter payments, online banking, or authorized payment centers. Visit the official Pag-IBIG Fund website (www.pagibigfund.gov.ph) for detailed information on payment options and procedures.

Philippine Health Insurance Corporation (PhilHealth):

PhilHealth provides health insurance coverage to Filipino citizens, including freelancers. Here’s what you should know:

a. Monthly Contribution Rates:

As of 2021, the monthly contribution rate for self-employed individuals, including freelancers, is 3.5% of their monthly income, which should not exceed ₱60,000. If your monthly income is below ₱10,000, a fixed monthly contribution of ₱350 applies.

b. Payment Procedure:

You can pay your PhilHealth contributions through various channels, including over-the-counter payments, online banking, or authorized payment centers. Visit the official PhilHealth website (www.philhealth.gov.ph) for detailed information on payment options and procedures.

It’s crucial to understand and fulfill your financial obligations by making regular monthly contributions to the SSS, Pag-IBIG Fund, and PhilHealth. Stay updated with the latest contribution rates and payment procedures by visiting the official websites of these government agencies.

Disclaimer: The information provided in this blog is based on the latest available data from the respective government agencies as of September 2021. For the most accurate and up-to-date information, please visit the official websites of the Social Security System (www.sss.gov.ph), Pag-IBIG Fund (www.pagibigfund.gov.ph), and the Philippine Health Insurance Corporation (www.philhealth.gov.ph).

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