Understanding Philippines’s CPF Contribution Calculator

CPF Contribution Calculator - Estimate Your CPF Contributions

The Philippines does not have a CPF (Central Provident Fund) system. However, the country does have a social security system called the Social Security System (SSS) that requires contributions from employees and their employers. The SSS provides various benefits such as retirement, disability, and death benefits.

To understand the SSS contribution calculator in the Philippines, you need to know the following information:

  1. Monthly Salary – This is the amount of money you earn in a month. It is the basis for calculating your SSS contribution.
  2. SSS Contribution Rate – The SSS contribution rate is a percentage of your monthly salary that you and your employer must contribute to the SSS.
  3. Monthly SSS Contribution – This is the amount of money that you and your employer need to contribute to the SSS each month.

The SSS contribution rate is currently set at 12% of your monthly salary, with a maximum monthly salary credit of Php 20,000. This means that if you earn Php 20,000 or more per month, the maximum monthly SSS contribution that you and your employer need to pay is Php 2,400 each.

To calculate your SSS contribution, you can use the SSS contribution calculator available on the official website of the Social Security System in the Philippines. You will need to input your monthly salary, and the calculator will automatically compute your monthly SSS contribution.

It’s important to note that SSS contributions are mandatory for both employees and employers in the Philippines. Failure to comply with SSS contributions may result in penalties and legal repercussions.

How Does the CPF Contribution Calculator Work?

The CPF contribution calculator is used to determine your mandatory contributions to the Central Provident Fund (CPF). To use the calculator, you will need your gross monthly salary (before deductions), as well as information on any other sources of income you may have such as rental income, investments, or dividends. The calculator will then calculate how much you must contribute both in terms of an employer’s contribution and an employee’s contribution, based on your age and source of income.

What Should I Consider When Using the CPF Contribution Calculator?

When using the CPF contribution calculator, it is important to consider how much money you want to save for retirement. The amount that you should contribute depends on factors such as your age and current salary. You should also consider whether or not you are eligible for any special tax deductions or incentives, such as those available for self-employed individuals or those who have recently switched jobs. Additionally, it is important to factor in any additional funds that may be required for housing or other expenses in order to determine how much money should be allocated towards retirement savings each month.

What Are Some Other Benefits of Using the CPF Contribution Calculator?

Using the CPF contribution calculator can help give you an idea of how much money you need to save each month in order to achieve your desired level of retirement savings. Additionally, it can provide insight into other government-related benefits that may be available depending on your age and source of income. For example, if you are a self-employed individual or have recently switched jobs, there may be certain tax incentives or deductions which can help reduce your overall contribution amount each month. Finally, understanding how much money needs to go into your retirement fund each month can help ensure that you are saving enough for a comfortable retirement lifestyle once you reach old age.


The CPF contribution calculator is an invaluable tool when it comes to making decisions about financial planning in Singapore. It helps provide insight into both mandatory contributions and potential government incentives based on factors like age and source of income.