How to update PhilHealth and Pag-IBIG Contribution Rates in KAMI?

Created by Alaika Dimagiba, Modified on Thu, 18 Jan at 11:22 AM by Nica Naraja

Payroll > Settings > Contribution Types


The Philippine employers start 2024 with an increase in the rates for the following contributions:

  • Pag-IBIG MFS (Maximum Fund Salary) is increasing from 5,000 to 10,000 effective February 2024.
  • PhilHealth contribution rate is increasing from 4% to 5% and MSC (Monthly Salary Credit) is increasing from 80,000 to 100,000.


Here's the regulatory announcements for your easy reference:


Although for PhilHealth, we are still awaiting official announcement from the agency.






IMPORTANT

- Before we get started, here's the Contribution Types article for reference.
- Ensure that when you update the contribution rate in KAMI, all previous payroll batches have been closed/paid.



How to update Pag-IBIG rate?


Step 1 : Access your Contribution Types settings - go to Payroll >Settings


Step 2 : Find Pag-IBIG (EE) & (ER) types - change only the following


  • Wage Cap - edit the amount from 5,000 to 10,000
  • Rate and the rest - leave as is


The same settings above applies if you deduct this contribution in full or one time only.





The above settings should be changed for both Pag-IBIG EE and ER types.


Should you need assistance, please contact our KAMI Support Team at support@kamiworkforce.com or any of our Support Channels here.





How to update PhilHealth rate?


Step 1 : Access your Contribution Types settings - go to Payroll >Settings


Step 2 : Find PhilHealth (EE) & (ER) types - change only the following


  • Wage Cap - edit the amount from 80,000 to 100,000
  • Rate - edit the rate from 2% to 2.5%
  • Others - leave as is


The same settings above applies if you deduct this contribution in full or one time only.




The above settings should be changed for both Pag-IBIG EE and ER types.


Should you need assistance, please contact our KAMI Support Team at support@kamiworkforce.com or any of our Support Channels here.



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