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:

• 2024 Pag-IBIG rate

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.