Saturday, March 9, 2013

Can I Change the Amount of My SSS Contributions Monthly?

Can Voluntary, Self-Employed or OFW members change their SSS contributions monthly?

Yes. If you are a Self-employed, Voluntary or OFW member, you can increase or decrease your SSS contribution every month by 1 or 2 brackets at a time.

If you like to increase or decrease by 3 brackets or more, you must make sure that your actual income justifies a big and immediate increase or decrease in your monthly contributions because you will be required to fill up and sign the Declaration of Earnings portion of the RS-5 form. This declaration says:

"I hereby  declare, for purposes of Sec.19-A of the Social Security Law, the amount of __________ as my monthly earnings, which shall be the basis of my monthly selary credit to be effective until I revised in my next declaration.
I affirm under the penalties of perjury,that this declaration has been made in good faith, and to the best of my knowledge and belief, is true and correct."


Take note of the penalties of perjury.

You also sign this portion if you decrease your contribution and go below the 5,000 salary bracket.

Another restriction:  If you are 55 years old or older and your current monthly salary credit is already more than 10,000 pesos, you can increase by only one salary bracket at a time, even if your actual earnings increase by more than 2 salary credits over the month.


Sources:
SSS Guidebook
2010 Web Site Edition

RS-5 Form -- Contributions Payment Return (06-2012)

25 comments:

Xin Zhia King said...

Hi Ms Kaydee, my husband is a voluntary member. He continues to pay his monthly contribution from the small income from school bus service and allowance from our children. He has increased his monthly contributions more than 3 brackets but has not indicated any income in the Declaration of Earnings section of the form. He said that he was advised by an SSS employee to just leave that section blank (this happened long time ago). Is he going to be penalized for not declaring his earnings? What are the implications? Would appreciate your clarification and advice to rectify the error. Thank you.

Kaydee said...

Hi Xin, I think that in the future, SSS will no longer ask your husband to present that RS5 form with Declaration of Earnings, since he maintained his contributions at that level for many months/years. Based on my readings, nag-que-question lang ang SSS kapag obvious na obvious na taking advantage ang member, halimbawa, nag-start ng minimum, and then matagal na tumigil, then biglang mag-contribute ng maximum for 6 months only para lang ma-maximize ang maternity benefit.
I think what is important is he has a Date of Coverage. Curious lang ako kasi sabi mo Voluntary siya. Was he an employed member before? Register online at sss.gov.ph and then check if he has a Date of Coverage. This date is important; it means that he started/registered with SSS properly.

Xin Zhia King said...

Hi Kaydee, thank you for your quick response. My husband was employed before. I have registered him online and confirmed that he has a Date of Coverage. Ang nangyari kasi, in 1994 he converted to voluntary and contributed 105 monthly only until end-1995. Then nag-stop for so many years and resumed in July 2012 and increased his contribution to 1,560 (without proper consultation with SSS). My worry is, baka masayang ang contributions nya kasi wala proper declaration of earnings. We're already in the mid-50s, and he's hoping na meron sya pension sa pagtanda. Again, thank you for finding the time to respond to our questions. God bless you always!

mahal said...

Hi I was paying 330 for my monthly voluntary sss contribution for the last 4 months through my bank online.Now that I am in the US I would like to increase my monthly voluntary payment is that okay?

Shy said...

Hi mahal, yes, you can. 440 in May, 550 in June, 660 in July, and so on. I hope you've registered online at sss.gov.ph so you can track your payments. Great that you're with a bank that allows online payment to SSS.

JK said...

Jenny M: Just wanna ask how to revive my SSS. I was employed last 2009, but my contributions stopped when I resigned in 2010. I am working as a freelancer in sales and want to continue paying my contributions. Please help. thank you so much

Hi Jenny, you can continue paying immediately. Just decide the amount and pay. For your first payment, pay at SSS using RS5 form, so you can use the transaction no. when registering at sss.gov.ph later on. You can see your SSS records online if you register. If the difference between your last contribution and your new contribution is big (3 or more brackets), fill up the Declaration of Earnings in the RS5 form. Keep this form in your file. For your next payments, you can pay at Bayad Center or SM Business center.

JK said...

Nilda Puno Hello my aunt paid 1,040 for her SSS contributions for the 2nd quarter of 2012, and then increased it to 1,560 for the 3rd quarter, and have been paying the same amount ever since. Will there be a problem when she claims her pension later on? Her age is now 52.

Hi Nilda, the premiums have changed, since Jan 2014. This is the new SSS contributions table. Your aunt needs to pay additional amount if there were underpayments since Jan.
About the increase from 1040 to 1560, that's a big jump. But since she has been paying 1560 ever since, I think that consistency will prove that her income has really increased correspondingly, so it won't be a problem later on.
Is she registered at sss.gov.ph? So she can check her contributions and if she has a Date of Coverage.

jeanvey Bato-ampo said...

Hi. Is it possible to change my monthly contribution which is i pay 880 a month..i want to decrease it base on my salary now?

jeanvey Bato-ampo said...

Pls i need help here...can anyone answer me?thank you

JK said...

Hi jeanvey, yes, you can decrease your contributions. You can decrease to 770 pesos. If you decrease to lower than 770, you need to fill up the Declaration of Earnings at the lower portion of RS5 form.

Vinz said...

Hi. I want to decrease my contributions by 2 brackets. Will i need to fill up a form to change my monthly contribution?

JK said...

Hi Vinz, if the decrease is only by 2 brackets, you don't need to. Just pay your decreased contributions.

niou baluyot said...

I think this is out of topic, but is it possible to pay contributions for past months? For example I would like to pay my contributions the last few months today.Thank you in advance.

JK said...

Hi niou, if you pay quarterly, yes. For example, this Sep, you can still pay for July to Sep. But you can no longer pay June backwards. In October, you can still pay for July to Sep, depending on the last digit of your SSS no., but you have to pay at the SSS branch. Here are
SSS payment deadlines.

christine ulanday said...

Hi!just would like to confirm if yung sss payment is based on gross taxable income for the whole month and not a single payroll alone.

JK said...

Hi christine, it's based on the employee's gross income for the whole month.

JK said...

Rose Sanchez October 28, 2014
hi may i ask if i can claim maternity benefits if this october i start and contribute to SSS, but my due date is december? what to do po ? thanks

Hi Rose, sorry you can not claim. You should have paid at least 3 contributions within July 2013 to June 2014.
Ask others too.

LOVELY JOY BAMBICO said...

Hello,

Is anyone of you knows if an Employed member of SSS could voluntarily add/incresase his/her current contribution?

Thank you very much.


Lovely

JK said...

Hi Lovely Joy, I think you can if you are Employed and Self-Employed at the same time, but not Employed and Voluntary at the same time. Voluntary status is for a member who is no longer employed. Employed and Self-Employed can be for people who are employed and who are doing their own business at the same time.
But to be sure, ask SSS. Self-employed membership needs registration.

Robie Aquino said...

hi po. ang hulog ng wife ko sa sss is max monthly contribution for 5 years nung dito p cia work sa pinas. tpos nung nag abroad cia 550 na naihulog ko for 2yrs na,,ok lng po ba i max ko ulit ung hulog nia from 550 to 1760 agad. working abroad pa rin po cia.

JK said...

QUESTION from Robie Aquino January 21, 2015
Hi. My wife's contributions to sss was max monthly contribution for 5 years when she was working here in pinas. When she left to work abroad, I paid 550 for 2yrs. Is it ok if I increase from 550 to 1760 immediately and get back to her former max contribution? She's still working abroad.
ANSWER:
Hi Robie, yes, you can increase to 1,760 immediately. But pay at SSS branch, so you can fill up the RS5 form. Be sure to fill up the Declaration of Income portion of the form. Write an amount higher than 16k monthly. Surely, her monthly income is higher than 16k as she's working abroad. Keep this SSS-marked RS5 form for future use.

JK said...

Hi Robie Aquino, check also Overseas Filipino Worker

JK said...

QUESTION from Ervin Reyzaner Bernal January 21, 2015
Hello, 550 is my monthly contribution. It's also the same amount that I write on the declaration of earnings. is there a problem with it? Voluntary member. I want to increase from 550 to 660. Do I need to do something to be able to increase to 660? And if 660, can I also write the same on the declaration of earnings? Thank you.
ANSWER:
Hi Ervin, if 550 is your contribution, your Declaration of Earnings should be 5,000 or 5,200. You don't need to fill up the Declaration of Earnings every month. You fill up that portion only for the month that you increase or decrease your contribution by more than 2 levels.
Yes, you can increase your contribution to 660. You don't need to fill up the Declaration of Earnings because 660 is higher than 550 by only 2 levels. But if you like, you can write 6,000 pesos for the first month you're paying 660. If you pay 660 again the next month, you don't need to write 6,000 pesos again in the Declaration of Earnings portion.

Ervin Reyzaner Bernal said...

May kaso po ba kung sakaling ganon nga na kung magkano ung hinuhulog ko eh yun din po nilalagay ko s declaration of earnings? Simula po kasi nong mag start ako mag voluntary nong 2012 nilalagay ko n ung amount ng hulog ko don s declaration of earnings. Iniisip ko po ngayon baka mag penalty ako.maraming salamat po ulit.pati don po about s maternity thanks din po s sgot.big help po to know n di totoo ung cnbe ng friend ko and ipapabasa ko na din s knya para mlinawan sya.tnx ulit

Ervin Reyzaner Bernal said...
This comment has been removed by the author.