The SSS contribution table for voluntary and non-working spouses lists the monthly payment rates for those not mandated to make SSS contributions.
This covers people who have joined the SSS program and the spouses of SSS members who do not work and are not employed.
The table clearly shows the various payment rates depending on the individual’s monthly salary credit.
Voluntary and non-working spouses need to know and follow these payment rates in the table to qualify for SSS benefits.
Overview of SSS Contributions for Voluntary and Non-Working Spouses in 2024
How to Become an SSS Member as a Voluntary or Non-Working Spouse
For voluntary and non-working spouse membership in the Social Security System (SSS), specific criteria must be met by the individual.
Voluntary Membership Opportunities
A person can choose to join if they are 18 years old or older but under 61 years old.
They also must not be working as an employee, self-employed, or as an overseas Filipino worker who has to make SSS contributions.
For the Non-Working Partner Member
To qualify as a non-working spouse member, the person must be married to an SSS member who regularly pays into the system.
The person must not have a job or earn regular income from any other source.
Non-working spouse members, like voluntary members, can get some SSS benefits. These include benefits for sickness, disability, death, and the 70K SSS Maternity benefits.
They are not eligible for separation benefits, funeral, or retirement.
How Much Should Voluntary and Non-Working Spouses Contribute?
Voluntary and non-working spouses pay a 14% contribution rate each month. This rate may change based on the individual’s monthly salary credit.
The payment covers Regular Social Security and the Worker’s Investment and Savings Program (WISP).
- For instance, if voluntary and non-working spouses earn PHP 10,000 monthly, they contribute PHP 1,400. If they earn PHP 20,000 monthly, their contribution is PHP 2,800.
- If their monthly salary credit is PHP 21,000, with Regular Social Security at PHP 20,000 and WISP at PHP 1,000, their contribution totals PHP 2,940.
For voluntary and non-working spouses, the salary range for calculating contributions is from PHP 4,250 to PHP 29,750 and higher. The monthly contribution amount varies from PHP 560 to PHP 4,200.
Use our SSS Contribution Calculator to find out your contributions for voluntary and non-working spouse membership.
Why Non-Working Spouses Should Consider Voluntary Contributions?
Spouses who do not work may qualify for these benefits:
1. Retirement Savings Benefits
Eligible voluntary and non-working spouses may receive a monthly pension upon reaching retirement age. Use the SSS Retirement Calculator to find out the pension amount.
2. Benefits for Disabled Individuals
If a spouse who does not work or volunteers becomes disabled, they might qualify for a monthly pension. This pension can help pay for their medical care and other costs.
3. Benefits After Death
If a spouse who doesn’t work or is a voluntary member dies, their family might get a one-time payment to help with funeral costs and other expenses.
To qualify for these benefits, the spouse must have made enough contributions and meet certain other requirements.
It’s best to contact the SSS yourself to find out if you are eligible for any benefits.
FAQs on Voluntary Contributions and Non-Working Spouse Payments
1. How Does a Non-Working Spouse Make a Voluntary Contribution?
This is extra money put into a retirement account by a spouse who does not work. It is added to the required payments made through the working spouse’s plan.
2. Are Voluntary Contributions Tax Deductible for Non-Employed Spouses?
Yes, a non-working spouse can deduct voluntary contributions for taxes, just like the working spouse can. The limit for deductions is the same for both.
3. Can a Non-Working Spouse Contribute Voluntarily to an Employer-Sponsored Retirement Plan?
A spouse who does not work can still contribute to an employer-sponsored retirement plan like a 401(k) or 403(b) if the plan permits contributions from spouses.
4. Can Non-Working Spouses Make Voluntary Contributions Independently?
Non-working spouses are allowed to make voluntary contributions by themselves.
5. Are the Benefits for Voluntary Contributors Comparable to Those for Regular Contributors?
Voluntary contributors can get the same perks as regular contributors. These include healthcare and retirement benefits.
6. How Many Contributions Do Non-Working Spouses Need for Benefit Eligibility?
Spouses who are not employed may be eligible for benefits from a pension or social security scheme if they have contributed to it for the necessary time, according to the program’s regulations.
It is essential to check with the appropriate agencies or groups to understand the exact requirements and qualifications needed.
7. What are the Contributions for Voluntary and Non-working Spouses?
A non-working spouse can make payments into a retirement account even if they don’t have a job or income.
These payments help the spouse save for retirement and may also offer tax advantages.
8. Can a Stay-at-Home Spouse Contribute to a Retirement Account?
A spouse who does not work can still put money into a retirement account like an IRA. They can do this if they have their own earned income or if their working spouse contributes for them.
9. Maximum Contribution for Voluntary and Non-working Spouse
The highest amount that can be added to a retirement account for a spouse who does not work varies based on the retirement account type and the person’s earnings.
For instance, the highest amount that can be contributed to a traditional IRA is $6,000 yearly for those under 50 years old and $7,000 for those 50 years old and above.
10. Do Voluntary and Non-Working Spouse Contributions Offer Tax Benefits?
Yes, you might get tax advantages if you contribute to a retirement account for a spouse who doesn’t work. This depends on the kind of retirement account and how much money you make.
For instance, putting money into a traditional IRA might reduce your taxes now. But, putting money into a Roth IRA uses money you’ve already paid taxes on, and you won’t have to pay taxes when you take the money out during retirement.
Final Thoughts
The Social Security System (SSS) is a government program that offers social security benefits to eligible members in the Philippines.
Both employees and employers contribute to the SSS to provide financial protection in cases of illness, disability, old age, or death.
Non-working spouses can also make voluntary contributions. These contributions help non-working spouses qualify for benefits like retirement, disability, and survivor’s pensions.
It is essential for both working and non-working spouses to understand the contribution table and stay updated on changes to the SSS program.
This ensures they make the right contributions and are eligible for needed social security benefits in the future.
