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

It is that time again that we need to select our Barangay and SK officials to lead us for several years. Hopefully, this will lead our respective barangays for the better.

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.