Philippines guidesPlain-words money answers.

Philippines money guides

13th month pay, SSS and loan guides, worked out with the same engine as our free Philippines tools.

Salary

The formula for 13th month pay, who gets it, the 24 December deadline, and worked examples for a full year and a part year.

Your 13th month pay and other benefits are tax-free up to ₱90,000 a year. Here is what happens above it.

A worked example of what you keep after SSS, PhilHealth, Pag-IBIG and income tax.

The SSS rate is 15% of your monthly salary credit. Employees pay 5%. See the range from ₱250 to ₱1,750 a month.

PhilHealth takes 5% of your salary, shared with your employer. Pag-IBIG takes 2% of up to ₱10,000.

The most you can borrow, the interest, the service fee and the monthly payment on an SSS salary loan.

Online lenders need an SEC Certificate of Authority. Learn the red flags and what the rules ban.

A 12% add-on rate is not 12% a year. See the effective rate and a worked example.

The income tax brackets for employees from 2023 onward, with nothing to pay on the first ₱250,000.