Your Life in Perspective (The Introvert's Perspective by Ælfræd)

As we remember Jesus Christ's sacrifice this holy week, let us take time to open the Bible and let the word of God guides us to goodness and to wealth.

Package Two of TRAIN law is in effect. This prompted me to create another Withholding Tax Calculator for 2023 onwards, incorporating the changes of the following: TRAIN Law, SSS, PhilHealth, and Pag-IBIG.

Effective January 2023 until 2024 the employee SSS contribution will increase. The lowest contribution amount will be Php180 (previously Php135) and the ceiling contribution remains at Php900.

UPDATE: The Pag-IBIG Fund halted this year's premium increase (Pag-IBIG defers contribution hike to 2024 to ease burden on members: official). Pag-IBIG will still be using the ceiling contribution of Php100 instead of Php150 for the year 2023. Effective January 2023, the HMDF or better known as Pag-IBIG will increase its contribution rate. This pag-ibig contribution increase was supposed to be set in 2021, but was deferred to 2022 and was moved again this year.

UPDATE: As per the latest news, the government issued an order to suspend this year's PhilHealth premium increase (PhilHealth premium hike halted in 2023). PhilHealth will still be using the 4% premium instead of 4.50% for the year 2023 until further notice. Refer to this calculator PhilHealth Contribution Calculator for 2022 to compute your contribution. This is our Introductory gift for the year. Effective January 2023, the PhilHealth contribution will (again) increase. The lowest combined (employer-employee) contribution amount will be Php450, while the ceiling contribution is Php4050.

As we wrap the year 2022 and face the challenges of the new year 2023, let us revisit the top articles of Your Life in Perspective blog.

As we remember our departed this All Souls Day, let us try to explore the grim truth that even in death, you will still incur expenses. How much money do you need to die peacefully?

It is without a doubt that the Stock Market gives the best rate of return compared to other investments. This is why many of us entered this business to find our path to financial success.