Sweldong Pinoy is a salary calculator for Filipinos in computing net pay, withholding taxes and contributions to SSS/GSIS, PhilHealth and PAG-IBIG. Next year, most contributions will be changing; we're updating Sweldong Pinoy with the new rates to help you.
What's Changing?
For 2021, contributions for SSS and PhilHealth will be increasing. The rates for Pag-IBIG Fund was also planned to increase from 100 to 150 by January 2021 but they decided to postpone the change to January 2022.
- Pursuant to Republic Act No. 11199 (The Social Security Act of 2018), the monthly contributions of SSS members will be increased from the current 12% to 13% in 2021. Employer share will be 8.5% (from 8.0%) and employee share will be 4.5 % (from 4.0%). The minimum and maximum salary credits used for computation will now be 3,000 and 25,000 (from 2,000 and 20,000).
- In accordance with the Universal Health Care Act (Republic Act No. 11223), the PhilHealth contribution rate will rise to 3.5% (from 3.0%) and the income ceiling will now be 70,000 (from 60,000).
Sweldong Pinoy and Budget Pinoy for 2021
We planned to update sweldongpinoy.com and budgetpinoy.com to use the 2021 rates before the year ends. However, some of you might want to use our apps using the rates for 2020. You might also be interested to compare how your salary for 2020 and 2021. We have added a dropdown so you can choose the current or upcoming rates. For now, the app will compute using 2020 rates by default. Starting January 1, it will automatically use the new rates. If the increases for next year will be postponed, we will be updating our apps to reflect that.
The android apps of Sweldong Pinoy and Budget Pinoy will be updated in the coming days to use the 2021 rates.
Let us know how we can improve Sweldong Pinoy. Contact us by email, Facebook Messenger, or with the Chatra app on our website. For more updates, follow us on Twitter, Instagram, and Facebook.
Originally published at the Sweldong Pinoy Blog
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